Ayesha Mohammed Asrafi
ID: 1821460
Course Title: Principles of Macroeconomics (ECN202)
Section: 5
Semester: Summer 2020
Submitted to: Saif Rahman Sir
Research paper on Bangladesh’s Economy
Submission date: 23-9-2020
Bangladesh’s GDP Interpretation 2005-2019
The GDP, Gross Domestic Product of a county is the total amount of goods and services produced
within a county over a specific period. It is calculated by adding up all finished goods and service’s
amount in term of money. GDP is important as it gives an overview of how well an economy is
performing and provides enough information on the size of the economy. Economist uses GDP to
interpret, analysis and forecast the nation’s health. If the GDP is raising it indicates the economy
of that county is going well and if the GDP is falling it shows the country’s economic health is at
risk. There are 2 methods that are used to find the GDP, Income Approach and expenditure
approach. By the Income approach, these four factors are added, Wages, Rent, Interest & Profit
and if the expenditure approach is being adapted then Consumption, Investments, Government
purchases and Net exports are been added. Both ways the GDP will be said as Total money earned
is equal to total money spent.
Since 2005 till 2019, over the last 14 years the GDP of Bangladesh has been rising steadily. There
was no fall in GDP which means the country’s health is improving every year.
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
GDP $69.44 $71.82 $79.61 $91.63 $102.4 $115.2 $128.6 $133.3 $149.9 $172.8 $195.0 $221.4 $249.7 $274.0 $302.5
BANGLADESH‘S GDP (2005–2019)
The highest GDP of Bangladesh till now has been 302.57 billion USD in 2019 whereas the lowest
has been 4.27 billion USD in 1960. Most of the Bangladesh’s GDP is driven from the exporting
of garments. The domestic agriculture sector and remittance also contributes a huge portion of the
GDP.
Comparison of Bangladesh and Sri Lanka’s GDP (2005-2019)
BANGLADESH & SRI LANKA‘S
GPD (2005–2019)
GDP Bangladesh
GDP Sri Lanka
Both Bangladesh and Sri Lanka have a raise in their GDP each
year since 2005 but Sri Lanka has a decline of 5% from 2018
to 2019. The reason behind this decline of Sri Lanka’s GPD is
the flood happened in 2008, followed Bangladesh has no
decline since 2005.
