Current Account in Bangladesh

Bangladesh Current Account | Economic News & Forecasts

Bangladesh - Current Account

GDP 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

2015   2016   2017   2018   2019  
Current Account (% of GDP)1.8  1.9  -0.5  -3.5  -1.7  

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Bangladesh Current Account Chart

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

Bangladesh Facts

Value Change Date
Exchange Rate84.890.14 %Jan 01

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