The minister made the bold forecast for gross domestic product (GDP) while addressing a press briefing at the National Economic Council in the Sher-e-Bangla Nagar area of Dhaka. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Dhaka and Chittagong are the principal financial centers of the country, being home to the Dhaka Stock Exchange and the Chittagon… Prime Minister Sheikh Hasina presided over the meeting. Bangladesh … In Bangladesh, services are the biggest sector of the economy and account for 52 percent of total GDP. In the first quarter of 2019, Bangladesh's was the world's seventh fastest growing economy with a rate of 7.3% real GDP annual growth. Quartz. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Industry grew 12.3 percent (vs 12.1 percent in 2018) with manufacturing surging 14.2 percent (vs 13.4 percent in 2018) while services advanced 6.8 percent (vs 6.4 percent in 2018). Within services the most important segments are: wholesale retail and trade; transport, storage and communication and real estate, renting and business activities (7 percent). 8/C, FR Tower, Panthapath, Dhaka 1207, Bangladesh. 2A Media Limited. Kopf, D. (2018). We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Aggregates are based on constant 2010 U.S. dollars. All Rights Reserved. Claiming tax revenues to be "very small," Ahsan questioned where the growth will come from. According to BBS provisional data, the growth of the agriculture sector in this year is going to reach 3.51%, the industry sector to 13.02%, and growth in the services sector to 6.50%. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Bangladesh’s Gross Domestic Product (GDP) is set to grow by an 8.13%—the highest ever in the country’s economic history—in the current fiscal year (FY2018-19). The statistic shows the growth in real GDP in Bangladesh from 2009 to 2018, with projections up until 2021. Bangladesh gdp growth rate for 2018 was 7.86%, a 0.58% increase from 2017. Economists, however, remain skeptical about the GDP growth projection as it does not match with other economic indicators. Please check your download folder.

Direct access to our calendar releases and historical data. Terming the private sector as "the engine of growth", he said: "The government will give more incentives to the private sector to further engage them into the mainstream economy.".

The Trading Economics Application Programming Interface (API) provides direct access to our data. The Gross Domestic Product (GDP) in Bangladesh expanded 8.2 percent in 2019 fiscal year from the previous year. It's the 39th largest in the world in nominal terms, and 30th largest by purchasing power parity; it is classified among the Next Eleven emerging market middle income economies and a frontier market. GDP growth (annual %) - Bangladesh. Besides, the per capita income of the country is also set to grow to $1,909 in the current fiscal year, up from $1,751 in the previous fiscal year (FY2017-18), stated Finance Minister AHM Mustafa Kamal, while briefing the press after the National Economic Council (NEC) meeting held at its conference room on Tuesday.

Bangladesh Balance of Trade at -56.70 BDT Billion, Bangladesh Business Confidence at 9.96 points, Bangladesh Current Account at -2439.00 USD Million, Bangladesh Capital Account at 3.83 BDT Billion, Bangladesh Capacity Utilization at 55.00 percent, Bangladesh Competitiveness Index at 52.12 Points, Bangladesh Competitiveness Rank at 105.00, Bangladesh Consumer Credit at 13209.55 BDT Billion, Bangladesh Consumer Price Index (CPI) at 288.12 points, Bangladesh Consumer Spending at 20886.72 BDT Billion, Brent Crude Down for 3rd Day to Book Biggest Weekly Loss since April, WTI Crude Tumbles 11% in October on Demand Concerns, Kenya October Inflation Rate at 5-Month High of 4.84%, European Stocks Post Worst Week Since March, French Shares Book Worst Month since March. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Publish your articles and forecasts in our website. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. "The macro-economic performance of the country is very good, which will contribute to achieving the robust GDP growth,” said Kamal.

“Bangladesh's GDP growth rate is going to reach 8.13%, against 7.86% recorded in the last fiscal year," said the finance minister referring to the provisional estimation of the Bangladesh Bureau of Statistics (BBS) data. The economy of Bangladesh is a developing market economy. Prime Minister Sheikh Hasina chairs the meeting of the National Economic Council at the Planning Ministry in Dhaka's Sher-e-Bangla Nagar on Tuesday, March 19, 2019, Rifat murder: 3 convicts shifted to Barisal jail, Napoli to win Italian title, makes Maradona's 60th birthday wish list, Afridi leads Pakistan's victory despite Taylor's hundred, England's World Cup winning great Stiles dies aged 78, Lalmonirhat mob lynching: Jewel was mentally unstable, locals say, Child bride death: Police to take action after getting autopsy report, DUTA: Prof Ziaur’s remarks on Islamic greetings were edited, Former boss Lorgat named to Cricket South Africa interim board, Please read our Comment Policy before posting. World Bank national accounts data, and OECD National Accounts data files. Please check your download folder. In 2018, Bangladesh's real gross domestic product grew by around 8.01 percent … ”We expect that the GDP growth rate will exceed the target of 7.8% (and) will increase to 9% in the … Bangladesh’s Rapid Growth Is One of the World’s Happiest Economic Stories. He added that "the per capita income will also increase to $1,909". The finance minister says the per capita income in the country has now risen to $1,909.

Bangladesh GDP Last Previous Highest Lowest Unit; GDP Annual Growth Rate 8.20: 7.90: 8.20: 4.08: percent: GDP 302.57: 274.04: 302.57: 4.27: USD Billion: GDP Constant Prices 11637.40: 11055.14: 11637.40: 2372.59: BDT Billion: Gross National Product … Mustafa Kamal also expressed high optimism in attaining double digit growth rate within the next four years as the economic indicators are performing well. It is difficult to understand how much growth has been achieved in a true sense," said the economist. The Bangladesh economy will grow by 8.25% in the current fiscal year, Planning Minister AHM Mustafa Kamal said on Thursday. Copyright Ⓒ 2012-2019. The remaining 14 percent is contributed by agriculture and forestry and fishing. "We are not observing optimism at the stock market, money market, in credit demand, or in export-import—which should be present in a country with an 8% GDP growth rate," he added. Annual percentage growth rate of GDP at market prices based on constant local currency. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Download historical data for 20 million indicators using your browser. The minister furthered that the production of the agriculture and manufacturing sectors were "also very good", while the export performance was "robust", leading to healthy per capita income and the GDP growth. The government also forecast that the investment to GDP ratio will stand at 31.57%—of which 8.17% will come from public investment and 23.40% from private sector investment. He said the total size of the GDP in FY2018-19 will rise to Tk2,536,177 crore from Tk2,250,479 crore recorded in the previous fiscal year. In FY2017-18, investment to GDP ratio was 31.23%—of which 7.97% was from public investment and 23.26% from private sector investment. Bangladesh’s Gross Domestic Product (GDP) is set to grow by an 8.13%—the highest ever in the country’s economic history—in the current fiscal year (FY2018-19). Additionally, the Gross National Income (GNI) in the current fiscal year is expected to reach Tk2,649,786 and the per capita GDP to $1,827. Industry accounts for almost 34 percent of GDP with manufacturing and construction being the most important. Policy Research Institute (PRI) Executive Director Ahsan H Mansur said other economic indicators including credit growth, investment scenario, and imports make materialization of the projected growth seem unlikely. For a few countries where the official exchange rate does not reflect the rate effectively …

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