Bangladesh Gross Domestic Product (GDP) by Year (1961–2023)

Bangladesh Gross Domestic Product (GDP) by Year (1961–2023)

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TGM StatBox. (2024). Bangladesh Gross Domestic Product (GDP) by Year (1961–2023). TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Bangladesh
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
Bangladesh's GDP has seen significant growth since 1961, reflecting its transition from an agrarian economy to a more diversified one. During the initial years, GDP remained relatively low due to political instability and limited industrial development. However, following independence in 1971, GDP began to rise gradually. Key sectors like agriculture, manufacturing, and later, the booming textile industry have been driving forces behind this growth. Economic reforms in the 1980s and 1990s contributed to further acceleration, as the country shifted towards export-led growth.

The 2000s saw a more pronounced rise in GDP, driven by rapid industrialization, remittances from expatriates, and infrastructure development. By 2023, the GDP stood at an impressive $437.4 billion.

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