The Gross Domestic Product (GDP) in Bangladesh was worth 450.12 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Bangladesh represents 0.42 percent of the world economy. This dataset provides - Bangladesh GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) of Bangladesh grew to 451.1 billion U.S. dollars in 2024. This is an increase of about 253 billion U.S. dollars since 2014, and this growth is projected to continue at least until 2030. Contributing factors Bangladesh is largely an export economy with a consistently negative trade balance. Much of its exports are manufactured goods, most notably garments. These goods are labor-intensive, and Bangladesh’s low wages make the country an attractive target for foreign direct investment. What does this mean for the Bangladeshi people? Bangladesh has a large population, roughly twice that of Germany. As such, GDP per capita is still low compared to global averages. However, a rapid increase in GDP per capita usually indicates a higher level of development, driving increases in many aspects of the people’s lives. For example, a more developed health care system leads to a considerably lower infant mortality rate. In a wider sense, this means lifting millions of people out of poverty.

The Gross Domestic Product (GDP) in Bangladesh expanded 5.82 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Bangladesh GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Bangladesh was last recorded at 1941.28 US dollars in 2024. The GDP per Capita in Bangladesh is equivalent to 15 percent of the world's average. This dataset provides - Bangladesh GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth of the real gross domestic product (GDP) in Bangladesh amounted to about 4.22 percent in 2024. From 1981 to 2024, the growth rose by approximately 0.42 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the growth will rise by around 2.40 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

The Gross Domestic Product (GDP) in Bangladesh expanded 5.82 percent in the second quarter of 2024 over the same quarter of the previous year. This dataset provides - Bangladesh GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) per capita in Bangladesh was estimated at about 2.62 thousand U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by approximately 2.31 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 1.45 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

GDP per capita (current US$) in Bangladesh was reported at 2593 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Bangladesh - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about Bangladesh Foreign Exchange Reserves: % of GDP

• Bangladesh Foreign Exchange Reserves: % of GDP was reported at 4.000 % in Feb 2025
• This stayed constant from the previous number of 4.000 % for Jan 2025
• Bangladesh Foreign Exchange Reserves: % of GDP data is updated monthly, averaging 5.000 % from Oct 1999 to Feb 2025, with 305 observations
• The data reached an all-time high of 6.500 % in Mar 2018 and a record low of 4.000 % in Feb 2025
• Bangladesh Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Reserve Requirement Ratio: Monthly

Bangladesh Bank provides monthly Reserve Requirement Ratio.

GDP from Manufacturing in Bangladesh increased to 8233.70 BDT Billion in 2024 from 7725.20 BDT Billion in 2023. This dataset provides - Bangladesh Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, India’s real gross domestic product (GDP) growth rate was around **** percent, the highest in South Asia. In contrast, Nepal reported the lowest real GDP growth rate in the region at approximately **** percent that year, but it was forecasted to increase to **** percent in 2026.Economy in South Asia In general, South Asia encompasses Sri Lanka, Pakistan, Afghanistan, Bangladesh, Nepal, India and Bhutan. In 2020, India had a GDP of over *** trillion U.S. dollars, while Bangladesh and Sri Lanka followed. The Maldives and Bhutan were among the countries with the lowest GDP in the Asia-Pacific region. In South Asia, the main economic activities include the services sector as well as the industrial and manufacturing sectors.Society in South AsiaFrom the South Asian countries, Bangladesh had the highest share of people living below the poverty line. The Maldives and Sri Lanka exhibited the highest and second-highest GDP per capita among the South Asian countries in 2021.

Bangladesh Market Outlook

The Bangladesh market size is projected to grow significantly, with a Compound Annual Growth Rate (CAGR) of 6.5% from 2023 to 2032. The global market size for 2023 is $411 billion, and it is forecasted to reach approximately $685 billion by 2032. This growth is driven primarily by an expanding industrial base, increased foreign investment, and a burgeoning middle class with rising disposable incomes.

One of the key growth factors for the Bangladesh market is the robust expansion of the textiles and garments industry. As one of the largest sectors in the country, it accounts for a significant portion of export revenue and employment. Favorable government policies, such as tax incentives and the establishment of Special Economic Zones (SEZs), have spurred further investment and production capacity in this sector. Additionally, the global shift towards sustainable and ethical fashion has created opportunities for Bangladeshi manufacturers to capture new market shares by adhering to international standards and certification.

Another critical factor contributing to the market growth is the rapid development of the pharmaceutical industry. Bangladesh has emerged as a significant player in the global pharmaceutical landscape, primarily due to its ability to produce generic drugs at competitive prices. The industry has benefited from consistent government support, including relaxed regulatory frameworks and incentives for research and development. Furthermore, the COVID-19 pandemic has highlighted the need for robust healthcare infrastructure, leading to increased investment in medical facilities and pharmaceutical production capabilities.

The burgeoning Information Technology (IT) sector is also a major growth driver. With a young, tech-savvy population, Bangladesh has seen a surge in IT-related activities, including software development, IT services, and business process outsourcing (BPO). Government initiatives such as the Digital Bangladesh Vision 2021 have played a pivotal role in fostering an environment conducive to IT growth. This push towards digital transformation has also attracted significant foreign direct investment (FDI), further bolstering the sector.

Regionally, Dhaka remains the economic powerhouse of Bangladesh, contributing a substantial portion to the country's GDP. The city has seen significant infrastructure development, including the construction of metro lines and expressways, which facilitate business operations and attract investments. Chittagong, as a major port city, also plays a crucial role in the country's trade dynamics, handling a large volume of imports and exports. Khulna and Rajshahi, while smaller in comparison, are growing economic centers with increasing industrial activities and investment opportunities.

Industry Analysis

Textiles and Garments Analysis

The textiles and garments industry is the cornerstone of Bangladesh's economy, accounting for about 84% of the country’s total exports. This sector has experienced exponential growth due to several favorable conditions, including abundant labor supply, competitive labor costs, and supportive government policies. The establishment of Special Economic Zones (SEZs) has provided a controlled environment for businesses to operate efficiently, thereby attracting foreign investors. Additionally, the global trend towards sustainable and ethical production practices has led Bangladeshi manufacturers to adopt international standards, thereby opening new export markets.

Bangladesh's comparative advantage in this sector lies in its ability to produce garments at a lower cost compared to other countries. The availability of a large, skilled, and semi-skilled workforce has made it possible for manufacturers to produce high volumes at competitive prices. Moreover, government incentives such as tax holidays, subsidies, and reduced import duties on raw materials have further fueled growth in this sector. The implementation of advanced technologies like automated sewing machines and cutting-edge design software has also enhanced production efficiency and quality.

The industry's growth is not without its challenges. Issues such as poor labor conditions, safety concerns, and environmental impacts have drawn international scrutiny. However, significant strides have been made to address these issues through initiatives like the Bangladesh Accord and the Alliance for Bangladesh Worker Safety, which aim to improve factory safety and workers' rights. Additionally, th

GDP from Public Administration in Bangladesh increased to 1160.50 BDT Million in 2024 from 1078.90 BDT Million in 2023. This dataset provides - Bangladesh Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Bangladesh BD: Government Expenditure on Education: Total: % of GDP data was reported at 1.775 % in 2023. This records an increase from the previous number of 1.712 % for 2022. Bangladesh BD: Government Expenditure on Education: Total: % of GDP data is updated yearly, averaging 1.831 % from Dec 1979 (Median) to 2023, with 37 observations. The data reached an all-time high of 2.221 % in 2016 and a record low of 0.938 % in 1980. Bangladesh BD: Government Expenditure on Education: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bangladesh – Table BD.World Bank.WDI: Social: Education Statistics. General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.;UNESCO Institute for Statistics (UIS). UIS.Stat Bulk Data Download Service. Accessed April 5, 2025. https://apiportal.uis.unesco.org/bdds.;Median;

The ratio of national debt to gross domestic product (GDP) of Bangladesh amounted to about 40.13 percent in 2024. Between 2003 and 2024, the ratio rose by approximately 3.09 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 3.76 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Bangladesh Government Debt: % of GDP

• Bangladesh Government debt accounted for 26.6 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 23.6 % in the previous year.
• Bangladesh government debt to GDP ratio data is updated yearly, available from Dec 2010 to Dec 2024.
• The data reached an all-time high of 26.6 % in Dec 2024 and a record low of 14.2 % in Dec 2017.

CEIC shifts year-end for annual Government Debt as % of Nominal GDP. Government Debt as % of Nominal GDP is calculated from quarterly Government Debt and annual Nominal GDP. The World Bank provides Government Debt in local currency. The Bangladesh Bureau of Statistics provides Nominal GDP in local currency. Nominal GDP prior to 2016 is based on old classification of data. Nominal GDP is reported in annual frequency, ending in June of each year.