Economy of Bangladesh
Population: 161.36 M (2018)
GDP per Capita: 1,698 USD (2018)
274,020 M.

GDP USD

(2018)

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40,560 M.

EXPORTS USD

(2018)

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64,240 M.

IMPORTS USD

(2018)

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27.90 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 7.86 % (2018)
GDP of 2010 USD USD 194.10 B. (2018)
GDP Current USD USD 274.02 B. (2018)
GDP per Capita Current USD USD 1,698 (2018)
GDP per capita, PPP USD 3,879 (2018)
GDP per Capita, 2010 USD USD 1,203 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 6.36 % (2018)
Government Spending USD 17.42 B. (2018)
Government Debt % GDP 27.90 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 62.21 (2018)
Trade Openness 38.24 % (2018)
Exports of Goods and Services % GDP 14.80 % (2018)
Exports Goods & Services USD 40.56 B. (2018)
Exports Annual Growth 8.09 % (2018)
Imports as % GDP 23.44 % (2018)
Total Imports USD 64.24 B. (2018)
Foreign Direct Investment % GDP 1.07 % (2018)
Foreign Direct Investment USD 2.94 B. (2018)
Current Account Balance % GDP USD -2.77 % (2018)
Current Account Balance USD -7.59 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD -21.36 B. (2018)
Foreign Exchange Reserves incl Gold USD 32.03 B. (2018)
Remittances % GDP 5.68 % (2018)
Remittances USD 15,538 M. (2018)
Balance of Payments USD 40 M. (2004)

Labor Market

Indicator Value
Labor Force 69.71 M. (2019)
Unemployment Rate 4.29 % (2019)
Unemployment Rate Females 6.20 % (2019)
Unemployment Rate Males 3.31 % (2019)
Youth Unemployment (ages 15-24) 11.92 % (2019)
Labor Force Participation Rate 58.74 % (2019)
Labor Force (Percent Female) 30.49 % (2019)
Female Labor Force Participation Rate 36.14 % (2019)
Male Labor Force Participation Rate 81.22 % (2019)
Dependent People 48.95 % (2018)

Agriculture Sector

Indicator Value
Forest Area 11.00 % (2016)
Forest Area km² 14,264 km² (2016)
Agricultural Land 70.63 % (2016)
Agricultural Land km² 91,942 km² (2016)
Employment 39.71 % (2019)
Value added % GDP 13.07 % (2018)
Agriculture Value added USD 35.83 B. (2018)
Crop Production Index 146.40 (2016)
Precipitation 2,666 mm (2014)
Arable Land 60 % (2016)
Cereal Yield 4,411 kg/hectare (2017)
Food production index 145 (2016)
Rural Population 63 % (2018)
Fertilizer use of Arable Land 289 kg/hectare (2016)
Livestock Production Index 136 (2016)
Economy of Bangladesh

According to the World Bank and its latest published data, the economy of the Bangladesh presents a growth rate of 7.86 % (2018) to the previous year.

With a population that reaches 161.36 M (2018) and a gross domestic product of USD 274.02 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,698 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Bangladesh also has a workforce of 69.71 M. (2019) with an unemployment rate of 4.29 % (2019), where women represent 6.20 % (2019) and men 3.31 % (2019), the unemployment rate for young people between 15-24 years old stood at 11.92 % (2019). The total number of dependent people stands at 48.95 % (2018).

The central government spent 6.36 % (2018) of its gross domestic product that year, which in absolute terms is USD 17.42 B. (2018). Its consolidated public debt reached 27.90 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Bangladesh exported USD 40.56 B. (2018), which represents 14.80 % (2018) of its gross domestic product, in that same sense its imports reached USD 64.24 B. (2018) with a direct foreign investment of USD 2.94 B. (2018).

Bangladesh has a forest area of 14,264 km² (2016), which represents 11.00 % (2016) of its total area, an average rainfall of 2,666 mm (2014) per year and a population of 63 % (2018) living in rural areas. With a total area of 91,942 km² (2016) available for agriculture and 39.71 % (2019) of its employments, the agricultural sector contributes to the economy of the Bangladesh about USD 35.83 B. (2018) (13.07 % (2018) of its GDP).