Bangladesh Economic Forecast

Bangladesh Economic Outlook

June 19, 2018

Preliminary data showed that the economy grew 7.7% in FY 2018, marking the sixth consecutive fiscal year of faster growth. Growth in the manufacturing sector driven by strong overseas demand, a double-digit expansion in fixed investment and an acceleration in private consumption supported by healthy remittance inflows large drove the acceleration. The government is hoping to sustain the strong economic momentum, unveiling in the FY 2019 budget an ambitious growth target of 7.8%. It hopes to attain faster growth by attracting FDI inflows in key sectors such as power generation and manufacturing, by creating special economic zones and by setting up a large public infrastructure investment program.

Bangladesh Economic Growth

Expectations that overseas demand will decelerate this year and next will, however, drag on growth prospects. The country’s widening fiscal and current account deficits, furthermore, make it vulnerable to economic shocks, including capital outflows. Our panelists expect GDP to expand 7.0% in FY 2019, which is unchanged from last month’s forecast, and 6.9% in FY 2020.

Bangladesh Economy Data

20132014201520162017
Population (million)157158160162163
GDP per capita (USD)9561,0931,2201,3721,545
GDP (USD bn)150173195222252
Economic Growth (GDP, annual variation in %)6.06.16.67.17.3
Industrial Production (annual variation in %)12.08.711.813.115.3
Fiscal Balance (% of GDP)-3.4-3.1-4.0-3.4-  
Public Debt (% of GDP)35.835.332.432.1-  
Money (annual variation in %)16.716.112.416.410.9
Inflation Rate (CPI, annual variation in %, eop)7.36.16.15.05.8
Inflation Rate (CPI, annual variation in %)7.57.06.25.55.7
Exchange Rate (vs USD)77.4177.9278.2079.0582.77
Exchange Rate (vs USD, aop)78.1477.6077.9078.5881.22
Current Account (% of GDP)1.60.81.51.9-0.6
Current Account Balance (USD bn)2.41.42.94.3-1.5
Trade Balance (USD billion)-10.3-6.8-7.0-6.5-9.5
Exports (USD billion)23.829.830.733.434.0
Imports (USD billion)34.136.637.739.943.5
Exports (annual variation in %)4.025.33.18.91.7
Imports (annual variation in %)-4.07.33.05.99.0
International Reserves (USD)18.022.427.932.133.2
External Debt (% of GDP)22.720.619.818.6-  

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Bangladesh Facts

ValueChangeDate
Exchange Rate83.800.14 %Jul 13

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