Gross domestic product (GDP) in Bangladesh 2024

The gross domestic product (GDP) of Bangladesh grew to 288 billion U.S. dollars in 2018. This is an increase of about 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.

Bangladesh: Gross domestic product (GDP) in current prices from 1984 to 2024

Gross domestic product in billion U.S. dollars
2024*499.31
2023*456.22
2022*416.84
2021*380.86
2020*347.99
2019*317.47
2018288.42
2017262.08
2016235.62
2015208.32
2014184.01
2013161.3
2012 141.71
2011 131.08
2010 122.04
2009 108.9
2008 97.06
2007 85.6
2006 75.77
2005 70.92
2004 68.59
2003 63.2
2002 57.5
2001 54.76
2000 54.59
1999 53.98
1998 51.93
1997 50.34
1996 48.17
1995 45.92
1994 41.54
1993 38.23
1992 36.48
1991 36.47
1990 35.38
1989 34.05
1988 30.9
1987 28.63
1986 25.95
1985 24.76
1984 24.06
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Source

Release date

October 2019

Region

Bangladesh

Survey time period

1984 to 2018

Supplementary notes

* Estimate.

Figures have been rounded for better understanding of the statistic.

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Statistics on "Bangladesh"

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