E3S Web Conf.
Volume 235, 20212020 International Conference on New Energy Technology and Industrial Development (NETID 2020)
|Number of page(s)||4|
|Section||Research on New Energy Technology and Energy Consumption Development|
|Published online||03 February 2021|
Analysis of Bangladesh’s macroeconomic development
Yunnan Normal University, Kunming, China
In recent years, the economy of Bangladesh has a rapid growth, with the total GDP increasing by years, reaching $274 billion in 2018. GDP per capita is relatively low, but it grows steadily every year. GDP growth has been above 7% since 2016, and reached 7.86% in 2018.Bangladesh’s unemployment rate remains around 4.2%; the rate of inflation is generally on the decline, and the total volume of imports and exports increases steadily. But, its import and export trade has been in deficit, and the deficit has been expanding by years. Foreign direct investment is at a low level, accounting for less than 2% of GDP. The current account balance fluctuates in a large range, and it ran a current account deficit in 2017.
© The Authors, published by EDP Sciences, 2021
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