Gross domestic product (GDP) in Bangladesh 2024

Bangladesh: Gross domestic product (GDP) in current prices from 2014 to 2024 (in billion U.S. dollars)

by H. Plecher, last edited Aug 9, 2019
Gross domestic product (GDP) in Bangladesh 2024 The gross domestic product (GDP) of Bangladesh grew to 262 billion U.S. dollars in 2017. This is an increase of nearly 80 billion U.S. dollars since 2014, and this growth is projected to continue at least until 2024.
Contributing factors

Bangladesh is largely an export economy with a consistently negative trade balance. Much of its exports are manufactured goods, most notably garments. These goods are labor-intensive, and Bangladesh’s low wages make the country an attractive target for foreign direct investment.

What does this mean for the Bangladeshi people?

Bangladesh has a large population, roughly twice that of Germany. As such, GDP per capita is still low compared to global averages. However, a rapid increase in GDP per capita usually indicates a higher level of development, driving increases in many aspects of the people’s lives. For example, a more developed health care system leads to a considerably lower infant mortality rate. In a wider sense, this means lifting millions of people out of poverty.
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Bangladesh: Gross domestic product (GDP) in current prices from 2014 to 2024 (in billion U.S. dollars)

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