ABOUT THE BANGLADESH

Our External Environment

Economic:

  • Current GDP is at 3.97% from 4.22 in FY24 while inflation is at 8.49%
  • Industrial growth rate is 4.10% from 1.08%.
  • Service Sector growth rate is 2.96%
  • Foreign Reserve stands at US$ 26.2 Billion as of Aug-2025 (equivalent to more than 3.5 months import bills)
  • Public Debt USD 112.1 Billion in September 2025.
  • Economy is mainly driven by agriculture sector and supported by export of readymade garments, jute, tea, frozen food, pharmaceutical and service sector

Political:

  • Bangladesh follows the democratic parliamentary system .
  • The Prime Minister of Bangladesh is the Head of Government
  • The political climate is stable under the leadership of Prime Minister, Tareq Rahman
  • The government ruling party consist of a multi party coalition

Social/Cultural:

  • Population (2025) : 175.7 million .
  • 98% of the nation are Bengali and the rest are indigenous groups include Chakmas, Santals, Garos & others
  • Muslims constitute 91% of the population, Hindu constitute 7.94% with the remainder 1% Buddhists and Christians
  • Bangladesh is rich in historical heritage and natural beauty, has good variety of food and celebrates several cultural and religious festivals.
  • Literacy rate (2015) : 77.90%

Economic Environment

Bangladesh’s economy over the last five years (2020-2024/25) has experienced significant volatility, recovering from a 3.4% low in 2020 to grow between 5.8% and 7.1% by 2022-2023. The economy is heavily supported by Ready-Made Garments (RMG) exports and remittances and also the agriculture and service sector.

GDP growth

GDP growth in fiscal year 2020 is 3.4% , 6.94% for the 2021, 7.1%  for 2022, 5.8% for 2023, 4.2% for 2024 and in 2025 is  around 3.9 %; While industry remains a key driver, service sector growth moderated to 4.51% and agriculture to 1.79% in early 2025

Inflation Rate: 8.7% – 9.1% (2024-2025, showing sustained high pressure).

Unemployment Rate: Approximately 4.7% (2024)

Industrial Growth

Bangladesh’s industrial sector has experienced notable growth over the last five years, but Industrial output growth was 4.3% in 2025, rebounding from 3.5% in 2024, despite challenges. Small and medium-sized enterprises (SMEs) represent a large portion of the business landscape.