Bangladesh GDP Growth Rate

The Gross Domestic Product (GDP) in Bangladesh expanded 6.01 percent in the fiscal year 2012/2013 from the previous year. GDP Growth Rate in Bangladesh is reported by the Bangladesh Bank. From 1994 until 2013, Bangladesh GDP Growth Rate averaged 5.6 Percent reaching an all time high of 6.7 Percent in June of 2011 and a record low of 4.1 Percent in June of 1994. Bangladesh is considered as a developing economy. Yet, almost one-third of Bangladesh’s 150m people live in extreme poverty. In the last decade, the country has recorded GDP growth rates above 5 percent due to development of microcredit and garment industry. Although three fifths of Bangladeshis are employed in the agriculture sector, three quarters of exports revenues come from producing ready-made garments. The biggest obstacles to sustainable development in Bangladesh are overpopulation, poor infrastructure, corruption, political instability and a slow implementation of economic reforms. This page provides - Bangladesh GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.01 6.32 6.70 4.08 5.66 | 2014/06 1994 - 2013 Percent Yearly

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Bangladesh GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 115.61 2012-12-31 111.91 115.61 4.30 122.02 2014-06-30 USD Billion [+]
GDP Constant Prices 4337.20 2013-06-30 4093.78 4337.20 2372.59 4587.04 2014-06-30 BDT Billion [+]
GDP Growth Rate 6.01 2013-06-30 6.32 6.70 4.08 5.66 2014-06-30 Percent [+]
GDP Annual Growth Rate 6.00 2013-06-30 6.20 6.71 4.08 5.67 2014-06-30 Percent [+]
Gross Fixed Capital Formation 2786.13 2013-06-30 2436.91 2786.13 594.12 3148.47 2014-06-30 BDT Billion [+]
Gross National Product 4773.82 2013-06-30 4488.39 4773.82 2483.46 5071.89 2014-06-30 BDT Billion [+]
GDP per capita 597.49 2012-12-31 568.73 597.49 219.28 642.18 2014-06-30 USD [+]
GDP per capita PPP 1622.94 2012-12-31 1544.80 1622.94 661.43 1744.32 2014-06-30 USD [+]
[+]


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Bangladesh Remittances at 1173.13 USD Million  
Remittances in Bangladesh decreased to 1173.13 USD Million in February of 2014 from 1260.66 USD Million in January of 2014. Remittances in Bangladesh is reported by the Bangladesh Bank.
Bangladesh Gold Reserves at 13.51 Tonnes  
Gold Reserves in Bangladesh remained unchanged at 13.51 Tonnes in the fourth quarter of 2013 from 13.51 Tonnes in the third quarter of 2013. Gold Reserves in Bangladesh is reported by the World Gold Council.
Bangladesh Current Account to GDP at 0.40 Percent  
Bangladesh recorded a Current Account surplus of 0.40 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Bangladesh is reported by the Bangladesh Bank.
Bangladesh Government Debt To GDP at 18.00 Percent  
Bangladesh recorded a Government Debt to GDP of 18 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Bangladesh is reported by the Asia Development Bank.
Bangladesh Population at 154.70 Million  
The total population in Bangladesh was last recorded at 154.7 million people in 2013 from 50.1 million in 1960, changing 209 percent during the last 50 years. Population in Bangladesh is reported by the Bangladesh Bureau of Statistics.
Bangladesh Money Supply M2 at 6623.11 BDT Billion  
Money Supply M2 in Bangladesh increased to 6623.11 BDT Billion in February of 2014 from 6537.65 BDT Billion in January of 2014. Money Supply M2 in Bangladesh is reported by the Bangladesh Bank.
Bangladesh Consumer Price Index (CPI) at 192.44 Index Points  
Consumer Price Index (CPI) in Bangladesh increased to 192.44 Index Points in January of 2014 from 190.17 Index Points in December of 2013. Consumer Price Index (CPI) in Bangladesh is reported by the Bangladesh Bureau of Statistics.
Bangladesh Consumer Spending at 8381.45 BDT Billion  
Consumer Spending in Bangladesh increased to 8381.45 BDT Billion in 2013 from 7412.87 BDT Billion in 2012. Consumer Spending in Bangladesh is reported by the Bangladesh Bureau of Statistics.
Bangladesh Disposable Personal Income at 31079.56 BDT THO  
Disposable Personal Income in Bangladesh increased to 31079.56 BDT THO in 2013 from 29606.81 BDT THO in 2012.
Bangladesh GDP Constant Prices at 4337.20 BDT Billion  
GDP Constant Prices in Bangladesh increased to 4337.20 BDT Billion in 2013 from 4093.78 BDT Billion in 2012. GDP Constant Prices in Bangladesh is reported by the Bangladesh Bureau of Statistics.
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