ECONOMIC ENVIRONMENT

  1. 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.