Current Account in Bangladesh

Bangladesh Current Account | Economic News & Forecasts

Bangladesh - Current Account

The economy appears to be in good shape so far in FY 2020, which started in July. In July–October, remittances increased by around one-fifth in U.S. dollar terms compared to the same period a year earlier. In addition, wages of low-skilled workers rose annually by over 6% in July–September and bank lending increased by over 12% in the same period. These developments indicate healthy domestic demand. They also likely mitigated the impact of the introduction of a wider VAT regime and a one-third increase in natural gas prices in July. However, in July–October, exports of goods decreased by nearly 7% in annual terms, largely due to a drop in ready-made garment exports. In other news, two large Saudi energy companies announced in October they will soon build an LNG facility in Bangladesh worth approximately USD 3 billion, boding well for fixed investment.

Bangladesh - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.6  0.8  1.5  1.9  -0.5  

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Bangladesh Current Account Chart

Bangladesh Current Account
Note: Current account balance as % of GDP.

Bangladesh Facts

Exchange Rate84.890.14 %Jan 01

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