Current Account in Bangladesh
Bangladesh - Current AccountGDP growth picked up to 7.2% in FY 2022, which ends in June. This was partly due to faster growth in manufacturing activity. Moreover, the services sector saw a broad-based acceleration, with subsectors such as retail, transport and hospitality improving as the domestic impact of the pandemic subsided. On the downside, the agricultural sector lost momentum. In early June, the Central Bank moved from a managed float to a free float regime for the taka, with the currency promptly depreciating by around 7%. While the move will support export competitiveness and safeguard reserves, it will also spur inflation. Also in June, the government presented an expansionary FY 2023 budget, which proposes a double-digit rise in nominal spending—with an emphasis on boosting social and infrastructure spending—corporate tax cuts and a fiscal deficit target of 5.5% of GDP.
Bangladesh - Current Account Data
|Current Account (% of GDP)||1.8||1.9||-0.5||-3.5||-1.7|
5 years of economic forecasts for more than 30 economic indicators.
Bangladesh Current Account Chart
|Exchange Rate||84.89||0.14 %||Jan 01|
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