GDP grew by 6.9% in fiscal year 2021 (FY2021, ended 30 June 2021), up from 3.4% in FY2020. A rise in external trade and swift implementation of fiscal and monetary stimulus in response to the COVID-19 pandemic helped drive solid FY2021 expansion. The recovery was largely driven by rising industrial activity, up by 10.3% (from 3.6% in FY2020), followed by services, which grew by 5.7% (up from 3.9%). Growth in agriculture, however, slowed to 3.2% from 3.4% due to a cyclone and prolonged flooding early in the fiscal year. GDP is projected to continue to grow by 6.9% in FY2022 on increased budget spending, strong growth in exports, and a slight rise in agricultural output. In FY2023, GDP is expected to grow by a robust 7.1%.
|Composite Stock Price Index 1||6.0 (May22)||6.0||5.0|
|Broad Money Growth 2||10.9 (Apr22)||10.9||9.9|
|Headline Inflation Rate 3||6.3 (Apr22)||6.2||5.6|
|Industrial/ Manufacturing Production Growth Rate 3||22.1 (Jan22)||10.0||3.8|
|Merchandise Export Growth 3||14.3 (Mar22)||14.3||36.9|
|Exchange Rate Index 4||131.3 (May22)||130.0||127.6|
|1 Monthly average, local index.|
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
|Source: Bloomberg LP; CEIC database; Bangladesh Bureau of Statistics; Bangladesh Bank.|
Initiatives / FTAs
ADB Working Paper Series0 items
on Regional Economic
Studies and Research