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, jute, vegetables, mangoes/guavas, tropical fruits (2023).
More about the economy of Bangladesh
Labor force 77.355 million (2024 est.)
Industrial production growth rate 3.5% (2024 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 7.6% (of GDP) (2021 est.)
Fiscal year
Exchange rates
Currency taka (BDT) per US dollar -
Exchange rates 2024 115.604 (2024 est.)
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.)
Debt - external
Debt - external 2023 $58.02 billion (2023 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2024 $21.395 billion (2024 est.)
Reserves of foreign exchange and gold 2023 $21.86 billion (2023 est.)
Reserves of foreign exchange and gold 2022 $33.747 billion (2022 est.)
Current account balance
Current account balance 2024 $1.87 billion (2024 est.)
Current account balance 2023 $4.388 billion (2023 est.)
Current account balance 2022 -$14.438 billion (2022 est.)
Public debt
Public debt 2016 33.3% of GDP (2016 est.)
Budget
Revenues $39.849 billion (2021 est.)
Expenditures $51.558 billion (2021 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2024 6% of GDP (2024 est.)
Remittances 2023 5.1% of GDP (2023 est.)
Remittances 2022 4.7% of GDP (2022 est.)
Household income
Lowest 10% 3.5% (2022 est.)
Highest 10% 27.4% (2022 est.)
Average household expenditures
On food 52.8% of household expenditures (2023 est.)
On alcohol and tobacco 2.1% of household expenditures (2023 est.)
Imports
Imports 2024 $74.96 billion (2024 est.)
Imports 2023 $73.172 billion (2023 est.)
Imports 2022 $93.635 billion (2022 est.)
Imports (partners) China 34%, India 17%, Indonesia 5%, Singapore 5%, Malaysia 4% (2023)
Comodities Imports force refined petroleum, cotton fabric, natural gas, cotton, fabric (2023)
Exports
Imports 2024 $74.96 billion (2024 est.)
Imports 2023 $73.172 billion (2023 est.)
Imports 2022 $93.635 billion (2022 est.)
Exports (partners) USA 16%, Germany 15%, UK 8%, Spain 7%, Poland 6% (2023)
Comodities Exports force garments, footwear, fabric, textiles, trunks and cases (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $1.473 trillion (2024 est.)
Real GDP (purchasing power parity) 2023 $1.413 trillion (2023 est.)
Real GDP (purchasing power parity) 2022 $1.336 trillion (2022 est.)
GDP (official exchange rate) $450.119 billion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $8,500 (2024 est.)
Real GDP per capita 2023 $8,200 (2023 est.)
Real GDP per capita 2022 $7,900 (2022 est.)
GDP - composition, by sector of origin
Agriculture 11.2% (2024 est.)
Industry 34.1% (2024 est.)
Services 51.4% (2024 est.)
GDP - composition, by end use
Household consumption 70.1% (2024 est.)
Government consumption 5.9% (2024 est.)
Investment in fixed capital 30.7% (2024 est.)
Investment in inventories 0% (2024 est.)
Exports of goods and services 10.5% (2024 est.)
Imports of goods and services -16.3% (2024 est.)
Unemployment rate
Unemployment rate 2024 4.7% (2024 est.)
Unemployment rate 2023 4.5% (2023 est.)
Unemployment rate 2022 4.6% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 11.5% (2024 est.)
Male 13.7% (2024 est.)
Female 9.2% (2024 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