Asia Regional Integration Center
Tracking Asian Integration
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%.
Source: Asian Development Outlook 2022.
|Composite Stock Price Index 1||6.0 (Apr23)||6.0||6.0|
|Broad Money Growth 2||8.8 (Feb23)||8.8||8.5|
|Headline Inflation Rate 3||9.3 (Mar23)||8.8||6.2|
|Industrial/ Manufacturing Production Growth Rate 3||-2.6 (Sep22)||13.4||21.9|
|Merchandise Export Growth 3||-6.0 (Feb23)||-6.0||-0.8|
|Exchange Rate Index 4||159.5 (Apr23)||159.1||130.0|
|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.|
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