The GDP of Bangladesh after 1971 to 2024-25
Bangladesh has undergone a remarkable economic transformation since its independence in 1971, evolving from a "basket case" to one of the world's fastest-growing economies.
The following table provides the Nominal GDP (at current prices in USD) and the Annual GDP Growth Rate from 1971 to the projected figures for the 2024–25 Fiscal Year.
Bangladesh GDP Data (1971–2025)
Fiscal Year / YearNominal GDP (Billion USD) Annual Growth Rate (%)
1971 $8.75-14.0%
1975$19.453.7%1980$18.143.9%1985$22.283.3%1990$31.605.6%1995$37.944.9%2000$53.375.3%2005$69.486.5%2010$115.285.6%2015$195.156.6%2018$321.367.3%2019$351.237.9%2020$373.983.4% (COVID-19 impact)2021$416.276.9%2022$460.137.1%2023$451.535.8%2023–24$450.465.8%2024–25 (Est.)$475.013.8% — 4.2%
Note on 2024-25: The recent growth slowdown (projected at ~3.8% to 4.2%) is attributed to high inflation, currency depreciation (Taka vs USD), and global macroeconomic challenges.
Key Economic Milestones
1971–1975: Reconstruction phase following the Liberation War.
1990s: Shift toward a market-oriented economy and the rapid rise of the Ready-Made Garment (RMG) sector.
2010–2019: A "Golden Decade" where growth consistently stayed above 6%, peaking at nearly 8% in 2019.
2020–Present: Resilience through the pandemic, though currently facing "post-pandemic" hurdles like foreign reserve pressure and energy costs.
Would you like me to break down the GDP by specific sectors (Agriculture, Industry, and Services) for the last few years?
