In 2023, the inflation rate in Bangladesh amounted to about 9.02 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.

Inflation, consumer prices (annual %) in Bangladesh was reported at 9.8835 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Bangladesh - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

9.0 (%) in 2023. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data for inflation are averages for the year, not end-of-period data.

Bangladesh BD: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 6.897 % in 2023. This records an increase from the previous number of 5.049 % for 2022. Bangladesh BD: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 6.257 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 80.570 % in 1975 and a record low of -17.630 % in 1976. Bangladesh BD: Inflation:(GDP) Gross Domestic ProductDeflator 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: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;Median;

Inflationsraten i Bangladesh faldt til 9,94 procent i januar fra 10,89 procent i december 2024. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Bangladesh - Inflation-Rate.

9.9 (%) in 2023. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Bangladeş'te Tüketici Fiyat Endeksi, önceki aya göre Ocak 2025'te %0,15 arttı. Akım değerleri, tarihsel veriler, tahminler, istatistikler, grafikler ve ekonomik takvim - Bangladeş - Enflasyon Oranı (Aylık).

Abstract

Food price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes food price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

Geographic coverage notes

The data cover the following areas: Afghanistan, Armenia, Bangladesh, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Congo, Dem. Rep., Congo, Rep., Gambia, The, Guinea, Guinea-Bissau, Haiti, Indonesia, Iraq, Kenya, Lao PDR, Lebanon, Liberia, Libya, Malawi, Mali, Mauritania, Mozambique, Myanmar, Niger, Nigeria, Philippines, Senegal, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Yemen, Rep.

The real interest rate in Bangladesh decreased by 1.3 percentage points (-65.99 percent) in 2023 in comparison to the previous year. The year 2023 marks a significant change in the real interest rate compared to the previous year. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.Find more statistics on other topics about Bangladesh with key insights such as deposit interest rate, domestic credit to the private sector as a share of GDP, and broad money as a percentage of GDP.

At 23.06 percent, Pakistan had by far the highest inflation rate among South Asian economies as of February 2024. In contrast, Afghanistan had a negative inflation rate of 9.7 percent in the February of the same year.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Bangladesh BD: Real Interest Rate data was reported at 0.629 % pa in 2023. This records a decrease from the previous number of 1.972 % pa for 2022. Bangladesh BD: Real Interest Rate data is updated yearly, averaging 5.490 % pa from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 33.795 % pa in 1976 and a record low of -13.642 % pa in 2016. Bangladesh BD: Real Interest Rate 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: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.;;

The growth of the real gross domestic product (GDP) in Bangladesh was forecast to increase between 2024 and 2029 by in total 1.1 percentage points. This overall increase does not happen continuously, notably not in 2027, 2028 and 2029. The growth is estimated to amount to 6.5 percent in 2029. Following the definition of the International Monetary Fund, this indicator refers to 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.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Bhutan, India, and Pakistan.

Abstract

Food price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes food price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

        A dataset of monthly food price inflation estimates (aggregated for all food products available in the data) is also available for all countries covered by this modeling exercise.

Geographic coverage notes

The data cover the following sub-national areas: Khulna, Chittagong, Barisal, Rajshahi, Dhaka, Rangpur, Sylhet, Mymensingh, Market Average

In 2023, the unemployment rate in Bangladesh was at approximately 5.06 percent. After a decrease from 2010 through 2011, Bangladesh’s unemployment has been steady at around 4.3 percent. Stuck in the middle? In the Asia-Pacific region, Bangladesh’s economy is ranked somewhere in the middle, lower than Pakistan, but even higher than New Zealand. The same is true for gross national income (GNI) and about the same for unemployment (where it ranks eighth, behind China, Australia, and Afghanistan). But Bangladesh’s figures are not always seemingly mediocre: It is one of the most densely populated countries with one of the largest populations worldwide. On the way up Most of Bangladesh’s workforce is employed in the tertiary sector, which is gaining workers while the share of employed people in the primary sector, including agriculture, is decreasing. The country’s GDP is on a steady upswing, while inflation seems to recover and level off at around 5 percent for now. Bangladesh is, after all, one of the world’s fastest-growing economies.

6.9 (%) in 2023. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Bangladesh BD: GDP: USD: Gross National Income: Atlas Method data was reported at 493.932 USD bn in 2023. This records an increase from the previous number of 483.371 USD bn for 2022. Bangladesh BD: GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 51.007 USD bn from Jun 1973 (Median) to 2023, with 51 observations. The data reached an all-time high of 493.932 USD bn in 2023 and a record low of 8.399 USD bn in 1973. Bangladesh BD: GDP: USD: Gross National Income: Atlas Method 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: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

Bangladesh GNI for 2023 was 493.93 billion US dollars, a 2.18% increase from 2022.

• Bangladesh GNI for 2022 was 483.37 billion US dollars, a 10.98% increase from 2021.
• Bangladesh GNI for 2021 was 435.56 billion US dollars, a 13.06% increase from 2020.
• Bangladesh GNI for 2020 was 385.24 billion US dollars, a 5.12% increase from 2019.

GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

At 8.07 U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the July 2024 Big Mac index. Concurrently, the cost of a Big Mac was 5.69 dollars in the U.S., and 6.06 U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.

Consumer Price Index (CPI): West Bengal: Urban: Housing data was reported at 174.400 2012=100 in Feb 2025. This records an increase from the previous number of 172.400 2012=100 for Jan 2025. Consumer Price Index (CPI): West Bengal: Urban: Housing data is updated monthly, averaging 138.500 2012=100 from Jan 2013 (Median) to Feb 2025, with 141 observations. The data reached an all-time high of 177.400 2012=100 in Nov 2024 and a record low of 100.800 2012=100 in Jan 2013. Consumer Price Index (CPI): West Bengal: Urban: Housing data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s Inflation – Table IN.IB095: Consumer Price Index: 2012=100: by State: West Bengal.