Bangladesh: Economy

Growth in FY2017 (ended 30 June 2017) was higher than expected as consumption picked up in response to rising income, and as public investment strengthened. Inflation was lower than projected, and the current account moved into deficit, as expected, with a wider trade deficit and lower remittances. 

This country has achieved sustained growth of over 6% per year since Fiscal Year 2007. Poverty has halved since 2000, meeting an important Millennium Development Goal target. The gender gap has narrowed, and the country has made progress in providing access to health and basic social services.

In comparison with other coutnries of Asia Bangladesh has been able to have a sustainable GDP growth over the years.

The inflation rate in Bangladesh is comparatively better than its other Asian neighbors.