"We have made two clear decisions: we will allocate 5 percent of GDP to health and 5 percent to education. This is our commitment," Chowdhury said.
The Bangladesh Bureau of Statistics says in quarterly GDP estimate
With a gross domestic product growth rate of nearly 5.8 percent in 2023, Bangladesh is one of the fastest-growing economies in the world. Driving Bangladesh’s prospects is our extremely active domestic consumer market, which accounts for nearly 70 percent of GDP and is rapidly expanding on the back of a growing middle and affluent class. Fuelling this growth is a digital economy that is also expanding rapidly.
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
In its foreign policy and international relations, the country has always advanced a free and open Indo-Pacific.
The government’s dependence on borrowing to finance national budgets has increased over the past decade as revenue collection has failed to keep pace with the ballooning public expenditure.
The government should target reducing demand through ensuring market-based interest and exchange rates as well as cutting allocation for infrastructure projects to rein in inflation and protect the foreign currency reserves, said economists yesterday.
Bangladesh’s revenue-GDP ratio is a third of the median seen in the countries that have the same credit rating, highlighting the country’s weak capacity to finance development and support growth, according to American credit ratings agency Fitch Ratings.
Bangladesh’s public expenditure is not growing in keeping pace with the steadily expanding economy as it struggles to raise adequate revenues, thus failing to ensure full implementation of development programmes and provide expected services to its citizens.
Debt servicing has become a rising concern for developing countries in recent times.
Bangladesh, India, Pakistan and Sri Lanka’s exposure to wildfires, floods, major storms and also water shortages mean South Asia has 10-18% of GDP at risk – roughly triple that of North America and 10 times more than the least-affected region, Europe.
South Asia has been one of the fastest growing regions in the modern world, driven mostly by India, Bangladesh, Sri Lanka, and Pakistan.
Digital payments can boost Bangladesh’s gross domestic product by 1.7 per cent a year, an addition of $6.2 billion annually to the economy, according to a new report.
Bangladesh's economic performance over the last decade has garnered praise from the international community. Multilateral
Scientists and researchers have responsibilities to find out sustainable ways to maintain Bangladesh's current economic and GDP growth, Prime Minister Sheikh Hasina said yesterday.
On April 4, 2019, the World Bank presented its latest economic forecast that Bangladesh's economy will grow at 7.3 percent in the
People are failing to reap the benefits of the economic growth Bangladesh has been achieving for over a decade due to lack of good governance, weakness in the regulatory bodies and structural flaws in political parties, analysts said yesterday.
Just under 10 years ago, the International Commission on the Measurement of Economic Performance and Social Progress issued its report “Mismeasuring Our Lives
Bangladesh needs to clock in at least 10 percent economic growth for the next two decades if it wants to become a developed country