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 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) 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.

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in Bangladesh was reported at 5.7 % in 2027, according to the World Bank collection of development indicators, compiled from officially recognized sources. Bangladesh - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

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.

The gross domestic product (GDP) per capita in Bangladesh was estimated at 2,622.37 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 2,311.28 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 1,453.59 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 growth (annual %) in Bangladesh was reported at 2.965 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Bangladesh - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

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 Agriculture in Bangladesh increased to 3618.10 BDT Billion in 2024 from 3505.60 BDT Billion in 2023. This dataset provides - Bangladesh Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the inflation rate in Bangladesh amounted to about 9.73 percent compared to the previous year. For the next few years, inflation in Bangladesh is forecast to stay around 5.5 percent. Up-and-coming Bangladesh Bangladesh is a mixed economy on the rise, with a soaring gross domestic product (GDP) and steady economic growth. While its unemployment has increased slightly since 2010, it seems to rest comfortably below the 4.4-percent mark. Employment is shifting from agriculture to services – the main GDP generator of the country. One of the Next Eleven Bangladesh is a fast-growing emerging economy and a member of the so-called Next Eleven – eleven nations with promising economic developments that puts them almost on eye level with the four BRIC states. Both terms were coined by economist Jim O’Neill and describe the major emerging economies today, taking aspects like macroeconomic stability, openness of trade, and standard of living into account. Other members of the Next Eleven are Egypt, Indonesia, Mexico, and Nigeria, among others.

The Bangladesh lubricants market exhibits robust growth, projected to reach a substantial market size, estimated at $250 million in 2025, driven by a burgeoning automotive sector, increasing industrialization, and rising agricultural activities. This signifies a significant expansion from its previous years. The market's Compound Annual Growth Rate (CAGR) of 7.76% from 2019 to 2024 indicates consistent and healthy expansion, a trend expected to continue through 2033. Key drivers include the expanding transportation infrastructure, the growth of manufacturing industries, particularly Ready Made Garments (RMG) and construction, which demands high-quality lubricants. Furthermore, the rising disposable incomes and increasing vehicle ownership among the population contribute to higher lubricant demand. The market segmentation encompasses diverse lubricant types catering to various applications, including automotive, industrial, and agricultural machinery. Major players such as MJL Bangladesh PLC, Gulf Oil Bangladesh Limited, and Padma Oil Company Limited dominate the market landscape, alongside several regional and international brands. The competitive landscape is characterized by both intense competition and opportunities for innovation and strategic partnerships. While the market shows significant promise, challenges remain. The fluctuating prices of crude oil, a critical raw material for lubricant production, pose a risk to profitability. Furthermore, the dependence on imports for certain base oils and additives can affect supply chain stability and price fluctuations. Despite these restraints, the long-term outlook for the Bangladesh lubricants market remains positive due to sustained economic growth, government infrastructure projects, and the country's continuing industrial development. The focus on improving fuel efficiency and the introduction of environmentally friendly lubricants present further avenues for growth and innovation within the sector. This presents opportunities for both established players and new entrants to capitalize on the expanding market. Key drivers for this market are: Growing Demand from the Power Generation Industry, Increasing Activities of Metalworking and Metallurgy; Increasing Demand from Automotive Industry. Potential restraints include: High Price of Synthetic Lubricants, Other Restraints. Notable trends are: Engine Oil Dominates the Lubricant Market in Bangladesh.

GDP from Construction in Bangladesh increased to 3202.80 BDT Billion in 2024 from 2980.80 BDT Billion in 2023. This dataset provides - Bangladesh Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Bangladesh increased to 8.36 percent in September from 8.29 percent in August of 2025. This dataset provides the latest reported value for - Bangladesh Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Claims on other sectors of the domestic economy (annual growth as % of broad money) in Bangladesh was reported at 4.3846 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Bangladesh - Claims on other sectors of the domestic economy (annual growth as % of broad money) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Unemployment Rate in Bangladesh increased to 4.70 percent in 2024 from 4.20 percent in 2023. This dataset provides - Bangladesh Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.