Economic Development

of
Bangladesh
Presented By:
Md. Tanvir Ahmed Siddiki
ID: MDPS-241502
 Economic Development
According to Cambridge Dictionary, Economic
Development is the process in which an economy
grows or changes and becomes more advanced,
especially when both economic and social
conditions are improved.
Tools for Measuring Economic Development

Gross Domestic Product (GDP)

Gross National Product
Inflation
Unemployment Rate
Rise in real per capita income
Life Expectancy
Human development index
Gross Domestic Product (GDP)
GDP ( Billions of US $)
500.00 460.20
450.00 416.26
400.00 373.90
351.24
350.00 321.38
293.75
300.00 265.24
250.00
195.08
200.00 172.89
150.00
100.00
50.00
0.00
2014 2015 2016 2017 2018 2019 2020 2021 2022

Annual Percentage Change

9.00
7.88
8.00 7.11 7.32 6.94 7.10
7.00 6.55 6.59
6.06
6.00
5.00
4.00 3.45
3.00
2.00
1.00
0.00
2014 2015 2016 2017 2018 2019 2020 2021 2022
 Gross National Product (GNP)
GNP ( Billions of US $)
600.00
500.00 483.36
435.53
400.00 366.49 385.22
329.87
300.00 266.71
225.57
171.25 191.31
200.00
100.00
0.00
2014 2015 2016 2017 2018 2019 2020 2021 2022

Annual Percentage Change

9.00
7.93 7.91 8.07
8.00
7.00 6.35
6.00 5.80
5.40 5.32
5.00 4.69
4.00 3.52
3.00
2.00
1.00
0.00
2014 2015 2016 2017 2018 2019 2020 2021 2022
 Inflation
Inflation Rate (%)
12.00

10.00 9.63

8.00 7.70
6.99
6.19
6.00 5.51 5.70 5.54 5.59 5.69 5.55

4.00

2.00

0.00
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
 Unemployment Rate
Unemployment Rate (%)
6.00

5.21 5.10
5.00 4.70
4.39 4.37 4.35 4.37 4.38 4.38
4.20
4.00

3.00

2.00

1.00

0.00
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
 Per Capita Income
GDP Per Capita (US $)
3,000.00
2,688.30

2,500.00 2,457.92
2,233.31
2,122.08
1,963.41
2,000.00
1,815.61
1,659.96
1,500.00
1,236.00
1,108.52
1,000.00

500.00

0.00
2014 2015 2016 2017 2018 2019 2020 2021 2022
 Life Expectancy
Life Expectancy from Birth (Years)
74.00
73.57
73.50 73.29
73.00
73.00
72.72
72.50 72.43
72.15
72.00 71.88
71.61
71.50 71.33
71.06
71.00

70.50

70.00

69.50
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
 Human Development Index
Value of HDI
0.680
0.670
0.662
0.660 0.657
0.646
0.640 0.636
0.622
0.620 0.613
0.604
0.600
0.585
0.580

0.560

0.540
2014 2015 2016 2017 2018 2019 2020 2021 2022
 Bangladesh….
Made a rapid recovery from the COVID-19 pandemic
supported by prudent macroeconomic policies.

Challenges:
 Rising inflationary pressure
 Energy shortages
 Balance-of-payments deficit
 Revenue shortfall
Corruption.
Thank You