Bangladesh’s Economic Resilience: A Statistical Snapshot (2024)

Bangladesh, a nation that has consistently defied expectations, has marked another year of economic resilience. As we delve into the statistics of 2024, the numbers reveal a story of steady growth and sustainable development.

GDP Growth and Income:

Bangladesh’s Gross Domestic Product (GDP) stood at a staggering 44,392,733 million BDT for the fiscal year 2022-2023. This figure represents the total value of all goods and services produced over the year and is a key indicator of economic health.

Per Capita Income:

The per capita income, an average economic measure dividing the country’s GDP by population, was $2,591 USD for 2020-21. By 2022, this number had seen a modest increase to $2,688.3 USD, reflecting the growing prosperity of the nation’s citizens.

Gross National Income:

The Gross National Income (GNI), which includes the GDP plus income earned from overseas, was reported at 36,160 billion BDT for 2020-21. This underscores Bangladesh’s expanding global economic footprint.

Inflation and Unemployment:

Inflation, a measure of the rate at which the general level of prices for goods and services is rising, was noted at 6.50% in January 2022. Meanwhile, the unemployment rate has been maintained at a relatively low 4.20% as of 2016-17, showcasing the country’s ability to create job opportunities.

Looking Ahead:

As Bangladesh continues to navigate the complexities of the global economy, these statistics serve as a testament to its enduring strength and potential for future growth. With a focus on diversifying its economy and investing in human capital, Bangladesh is poised to reach new heights in the coming years.

Source:

1. Bangladesh Bureau of Statistics
2. GDP per capita (current US$) – Bangladesh | Data
3. Data for Bangladesh, High income | Data – World Bank Data
4. GDP (current US$) – Bangladesh | Data – World Bank Data