Economic Condition of Bangladesh

Bangladesh has made remarkable progress in macroeconomic management. Acceleration of economic growth, gradual decline of budget deficit, high rate of export and import growth, steady rise of foreign currency reserve at a satisfactory level are some of the major achievements that Bangladesh attained during the past few years until FY2007-2008. Success in achieving these significant milestones is largely attributable to a set of policies and reforms implemented in order to attain macroeconomic stability accompanied by acceleration of economic growth. With continued economic growth Bangladesh Economy has established itself on solid foundation.

Macro- economic condition of Bangladesh (FY 2012-2013)

Source: Published in The Independent (CPD fears fall in real GDP growth), Bangladesh Bureau of Statistics, Bangladesh Bank

Macro- economic condition of Bangladesh (FY 2011-2012)

Macro- economic condition of Bangladesh (FY 2010-2011)

Macro- economic condition of Bangladesh (FY 2009-2010)

Macro- economic condition of Bangladesh (FY 2008-2009):

Trend analysis of GDP of Bangladesh (2009-2014)

During last five years continued growth has led to attainment of GDP growth above 6%. Despite global economic recession during 2008-2009, Bangladesh managed its economy remarkably well and maintained its growth momentum. Against the backdrop of several limitations, the biggest challenge of the country is to maintain high performing growth through increasing production, minimizing human poverty through enhancing creativity and human capacity, stabilizing commodity prices. There was an increment of $62 in the per capita GDP in FY2009 from US$559 at the end of FY2008. Fiscal 2009 registered per capita income of US$676. About 25% of the country’s GDP in 2009 came from remittances of expatriates, totaling $9.7 billion and garment exports worth $12.3 billion. The country has registered significant expansion in its middle class. The consumer