| variable | 1980-1989 | 1990-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | 3.73 | 4.62 | 5.65 | 5.31 | 6.4 | 6.94 | 7.1 | 5.78 | 4.22 | 3.76 |
| CPI % | 11.0 | 6.06 | 5.88 | 6.99 | 6.65 | 5.56 | 6.15 | 9.02 | 9.73 | 9.98 |
| Current account balance/GDP % | -2.32 | -0.93 | 0.04 | 2.02 | -0.3 | -1.1 | -3.95 | -2.58 | -1.44 | -0.93 |
| Debt/GDP % | - | - | 35.56 | 31.32 | 29.57 | 35.61 | 37.86 | 39.27 | 40.13 | 40.26 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
The huge delta region at the confluence of the Ganges and Brahmaputra River systems -- now referred to as Bangladesh -- was a loosely incorporated outpost of various empires for much of the first millennium A.D. Muslim conversions and settlement in the region began in the 10th century, primarily from Arab and Persian traders and preachers. Europeans established trading posts in the area in the 16th century. Eventually the area known as Bengal, which is primarily Hindu in the western section and mostly Muslim in the eastern half, became part of British India. After the partition of India in 1947, the Muslim-majority area became East Pakistan. Calls for greater autonomy and animosity between the eastern and western areas of Pakistan led to a Bengali independence movement. That movement, led by the Awami League (AL) and supported by India, won the independence war for Bangladesh in 1971. The military overthrew the post-independence AL government in 1975, the first of a series of military coups that resulted in a military-backed government and the subsequent creation of the Bangladesh Nationalist Party (BNP) that took power in 1979. That government also ended in a coup in 1981, followed by military-backed rule until democratic elections were held in 1991. The BNP and AL alternated in power from 1991 to 2008, with the exception of a military-backed, emergency caretaker regime in 2007. The country returned to fully democratic rule in 2008 with the election of the AL and Prime Minister Sheikh HASINA. With the help of international development assistance, Bangladesh is on track to graduate from the UN’s Least Developed Countries (LDC) list in 2026. The economy has grown at an annual average of about 6.25% for the last two decades. Poverty declined from 11.8 percent in 2010 to 5.0 percent in 2022, based on the international poverty line of $2.15 a day (using 2017 Purchasing Power Parity exchange rate). The country made a rapid recovery from the COVID-19 pandemic, but still faces economic challenges.
Area: 148,460 km2
Climate: tropical; mild winter (October to March); hot, humid summer (March to June); humid, warm rainy monsoon (June to October)
Natural resources: natural gas, arable land, timber, coal
Groups: Bengali at least 99%, other indigenous ethnic groups 1% (2022 est.)note: Bangladesh's government recognizes 27 indigenous ethnic groups under the 2010 Cultural Institution for Small Anthropological Groups Act; other sources estimate there are about 75 ethnic groups
Languages: Bangla 98.8% (official, also known as Bengali), other 1.2% (2011 est.)major-language sample(s):
Religions: Muslim 91%, Hindu 8%, other 1% (2022 est.)
Capital: Dhaka
Government type: parliamentary republic
Chief of state: President Mohammad SHAHABUDDIN Chuppi (since 24 April 2023)
Head of government: Interim Prime Minister Muhammad YUNUS (since 8 August 2024)cabinet: Cabinet selected by the prime minister, appointed by the presidentelection/appointment process: president indirectly elected by the National Parliament for a 5-year term (eligible for a second term); the president appoints as prime minister the majority party leader in the National Parliamentmost recent election date: 13 February 2023election results: President Mohammad SHAHABUDDIN Chuppi (AL) elected unopposed by the National Parliament; Sheikh HASINA reappointed prime minister for a fifth term following the 7 January 2024 parliamentary election; note - Sheikh HASINA resigned and fled the country on 5 August 2024 following mass protests against her government in July and August 2024, and Mohammad YUNIS was appointed as interim Prime Minister on 8 August 2024expected date of next election: 2028
Description: expected date of next election: February 2026note: the Parliament (House of the Nation) was dissolved on 6 August 2024 by President Mohammad SHAHABUDDIN Chuppi following the resignation of Prime Minister Sheikh HASINA Wazed on 5 August 2024; new national elections will be held in February 2026
Information derived by "The World Factbook 2021. Washington, DC: Central Intelligence Agency, 2021. https://www.cia.gov/the-world-factbook/"