"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.
The World Bank projects the gross domestic product (GDP) growth in FY16 at 6.5 percent.
The World Health Organisation (WHO) estimates that total 21,316 people died across Bangladesh in just a year – 2012 – while pedestrians account to 32 percent of the total casualty.
Foreign Minister AH Mahmood Ali demands shared responsibility of all states to protect the climate and disaster-induced displaced people and mitigate their misery.
World Bank President Jim Yong Kim has hailed Bangladesh's efforts to integrate more women in the workforce and singled it out as an
World Bank chief hails empowerment of women in Bangladesh, recognising the country as a model in women’s progress in the world. Women participation in the country's workforce has the potential of adding 1.8% to GDP over the next decade, he says.
Bangladesh economy is expected to perform strongly this year, according to the latest figures from the Asian Development Bank (ADB).
India's economy grew at an annual rate of 7% between April and June, official figures have shown.
China has cut its main interest rate to boost growth in its economy.
Bangladesh Bank recently announced its monetary policy for the fiscal year 2016. As always, the announcement has sparked a number of criticisms.
Looking at the trend in the investment-GDP ratio since 1979-80, we can suggest four different investment regimes in Bangladesh.