Bangladesh’s speed has started slowing down in the world’s fastest growing economies. In four years, its economy has come to the lowest level and the situation is not expected to improve at the moment. The Bangladesh Bureau of Statics (BBS) reported that Bangladesh’s GDP growth rate was 4.22 % in 2024.
Bangladesh banks are also worried about the situation of the country. The country’s prestigious institutions like Central Bank and Bangladesh Bank estimates that even in 2025, the situation is not expected to be better. Both banks have predicted the GDP growth rate between 4 and 5 % this year. However, the World Bank and the International Monetry Fund do not think so.
Last month, the World Bank had estimated Bangladesh’s GDP growth rate to be 4.1 % for 2025, while the International Monetry Fund, a month before that, predicted Bangladesh’s growth rate to be 3.8 %.
In 2019, Bangladesh’s growth rate was 8.15, which has come down to 4.22 % in 2024. In the budget last year, the government had targeted to grow with a growth rate of 7.50 %, which was later revised to 6.5 %. However, the truth is that the government is far behind the target.
The GDP growth rate was 3.45 % in 2020 during the Corona epidemic and this was the first time in decades. Although there are no situations like Koronakal in front of the government, but in the condition of the economy at this time, Bangladesh is seen to be the weakest situation. According to Dhaka Tribune, Bangladesh’s GDP stood at $ 450 billion in Financial Year 2024, which is less than an estimate. GDP was estimated to be $ 459 billion in August. At the same time, when we talk about Capita Gros National Income (GNI), it was also much less than projection.
According to the report, Capita Gros National Income was $ 2,738, while the estimate was that GNI would be $ 2,784. BBS has blamed political instability, uncertainty and policies for the economy. However, it has been hoped that the economy will improve in the coming years after 2025. The Central Bank says that there is now stability in the country due to political instability, uncertainty and policies, which will be seen in the coming years. The next year GDP growth rate is estimated to be 6 %.
Bangladesh Bank (BB) said that in the first six months of 2025, one cannot expect much in terms of economy as the interim government is facing many challenges. In the last one year, Bangladesh has soured relations with India. The rhetoric of the Yunus government has impressed the relationship on attacks on Hindus, friendship with Pakistan and many issues related to both countries. Talking about the Indian economy, India is the fifth largest economy in the world and India’s GDP growth rate in 2023-34 was 8.2 %, while the total GDP was $ 3.89 trillion.
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