GDP in Bangladesh
Bangladesh - GDPGrowth plunged to an over 10-year low in FY 2020 (July 2019–June 2020), amid unprecedented contractions in merchandise exports, industrial production and remittances due to Covid-19 in Q4. Turning to FY 2021, economic conditions seem to have been gradually improving after the easing of restrictions in May, supported by expansionary fiscal and monetary policies. Merchandise exports rebounded in Q1 2021 (July–September) as the easing of lockdown measures globally boosted demand for clothing. Moreover, remittances—a key source for consumer spending—soared 48.5% in the same period. In turn, the spike in remittances and lower trade deficit led to a marked improvement in the current account balance in Q1 2021. That said, although authorities ruled out strict lockdown restrictions at home, the recent surge in Covid-19 infections globally could reduce foreign demand, boding ill for the economic recovery.
Bangladesh - GDP Data
|Economic Growth (GDP, annual variation in %)||6.6||7.1||7.3||7.9||8.2|
5 years of economic forecasts for more than 30 economic indicators.
Bangladesh GDP Chart
|Exchange Rate||84.89||0.14 %||Jan 01|
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