Bangladesh - Economy
How is the economy of Bangladesh? Based on the information we have, Bangladesh has a one of the fastest growing emerging market economies; strong economic rebound following COVID-19; significant poverty reduction; exports dominated by textile industry; weakened exports and remittances resulted in declining foreign exchange reserves and 2022 IMF loan request. Key agricultural products in this country include: rice, milk, potatoes, maize, sugarcane, onions, vegetables, jute, mangoes/guavas, tropical fruits (2022).
More about the economy of Bangladesh
Labor force 74.914 million (2023 est.)
Industrial production growth rate 8.37% (2023 est.)
Industries cotton, textiles and clothing, jute, tea, paper, cement, fertilizer, sugar, light engineering 
Population below poverty line 18.7% (2022 est.)
Taxes and other revenues 7.64% (of GDP) (2021 est.)
Fiscal year
Exchange rates
Currency taka (BDT) per US dollar -
Exchange rates 2023 106.309 (2023 est.)
Exchange rates 2022 91.745 (2022 est.)
Exchange rates 2021 85.084 (2021 est.)
Exchange rates 2020 84.871 (2020 est.)
Exchange rates 2019 84.454 (2019 est.)
Debt - external
Debt - external 2022 $53.63 billion (2022 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2023 $21.86 billion (2023 est.)
Reserves of foreign exchange and gold 2022 $33.747 billion (2022 est.)
Reserves of foreign exchange and gold 2021 $46.166 billion (2021 est.)
Current account balance
Current account balance 2023 $4.388 billion (2023 est.)
Current account balance 2022 -$14.438 billion (2022 est.)
Current account balance 2021 -$15.775 billion (2021 est.)
Public debt
Public debt 2017 33.1% of GDP (2017 est.)
Budget
Revenues $39.849 billion (2021 est.)
Expenditures $34.538 billion (2021 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 5.26% of GDP (2023 est.)
Remittances 2022 4.67% of GDP (2022 est.)
Remittances 2021 5.33% of GDP (2021 est.)
Household income
Lowest 10% 3.5% (2022 est.)
Highest 10% 27.4% (2022 est.)
Average household expenditures
On food 52.7% of household expenditures (2022 est.)
On alcohol and tobacco 2.1% of household expenditures (2022 est.)
Imports
Imports 2023 $73.172 billion (2023 est.)
Imports 2022 $93.635 billion (2022 est.)
Imports 2021 $85.299 billion (2021 est.)
Imports (partners) China 32%, India 17%, Singapore 6%, Malaysia 5%, Indonesia 5% (2022)
Comodities Imports force refined petroleum, cotton fabric, cotton, fabric, fertilizers (2022)
Exports
Imports 2023 $73.172 billion (2023 est.)
Imports 2022 $93.635 billion (2022 est.)
Imports 2021 $85.299 billion (2021 est.)
Exports (partners) US 18%, Germany 16%, UK 8%, Spain 7%, Poland 6% (2022)
Comodities Exports force garments, footwear, fabric, textiles, jute yarn (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2023 $1.413 trillion (2023 est.)
Real GDP (purchasing power parity) 2022 $1.336 trillion (2022 est.)
Real GDP (purchasing power parity) 2021 $1.248 trillion (2021 est.)
GDP (official exchange rate) $437.415 billion (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $8,200 (2023 est.)
Real GDP per capita 2022 $7,800 (2022 est.)
Real GDP per capita 2021 $7,400 (2021 est.)
GDP - composition, by sector of origin
Agriculture 11% (2023 est.)
Industry 34.6% (2023 est.)
Services 51.1% (2023 est.)
GDP - composition, by end use
Household consumption 68.6% (2023 est.)
Government consumption 5.7% (2023 est.)
Investment in fixed capital 31% (2023 est.)
Exports of goods and services 13.2% (2023 est.)
Imports of goods and services -17.8% (2023 est.)
Unemployment rate
Unemployment rate 2023 5.06% (2023 est.)
Unemployment rate 2022 5.25% (2022 est.)
Unemployment rate 2021 5.82% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 15.7% (2023 est.)
Male 13.5% (2023 est.)
Female 20.4% (2023 est.)
All Important Facts about Bangladesh

Want to know more about Bangladesh? Check all different factbooks for Bangladesh below.

Bangladesh is found in Southern Asia