In 2023, the inflation rate in Bangladesh amounted to about 9.02 percent compared to the previous year. For the next few years, inflation in Bangladesh is forecast to stay around 5.5 percent.
Up-and-coming Bangladesh
Bangladesh is a mixed economy on the rise, with a soaring gross domestic product (GDP) and steady economic growth. While its unemployment has increased slightly since 2010, it seems to rest comfortably below the 4.4-percent mark. Employment is shifting from agriculture to services – the main GDP generator of the country.
One of the Next Eleven
Bangladesh is a fast-growing emerging economy and a member of the so-called Next Eleven – eleven nations with promising economic developments that puts them almost on eye level with the four BRIC states. Both terms were coined by economist Jim O’Neill and describe the major emerging economies today, taking aspects like macroeconomic stability, openness of trade, and standard of living into account. Other members of the Next Eleven are Egypt, Indonesia, Mexico, and Nigeria, among others.
Bangladesh: Inflation rate from 1987 to 2029
(compared to the previous year)
Characteristic
Inflation rate compared to previous year
2029*
5.5%
2028*
5.5%
2027*
5.5%
2026*
5.73%
2025*
6.1%
2024*
9.3%
2023
9.02%
2022
6.15%
2021
5.56%
2020
5.65%
2019
5.48%
2018
5.78%
2017
5.44%
2016
5.92%
2015
6.41%
2014
7.35%
2013
6.78%
2012
8.89%
2011
8.79%
2010
7.32%
2009
6.66%
2008
9.94%
2007
7.21%
2006
7.16%
2005
6.49%
2004
8.14%
2003
3.88%
2002
2.41%
2001
1.81%
2000
3.62%
1999
8.9%
1998
6.66%
1997
2.66%
1996
6.84%
1995
8.86%
1994
4.59%
1993
3.3%
1992
5.86%
1991
9.35%
1990
9.67%
1989
9.18%
1988
10.22%
1987
10.52%
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IMF. (April 22, 2024). Bangladesh: Inflation rate from 1987 to 2029(compared to the previous year) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/438363/inflation-rate-in-bangladesh/
IMF. "Bangladesh: Inflation rate from 1987 to 2029(compared to the previous year)." Chart. April 22, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/438363/inflation-rate-in-bangladesh/
IMF. (2024). Bangladesh: Inflation rate from 1987 to 2029(compared to the previous year). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/438363/inflation-rate-in-bangladesh/
IMF. "Bangladesh: Inflation Rate from 1987 to 2029(Compared to The Previous Year)." Statista, Statista Inc., 22 Apr 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/438363/inflation-rate-in-bangladesh/
IMF, Bangladesh: Inflation rate from 1987 to 2029(compared to the previous year) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/438363/inflation-rate-in-bangladesh/ (last visited November 10, 2024)
Bangladesh: Inflation rate from 1987 to 2029(compared to the previous year) [Graph], IMF, April 22, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/438363/inflation-rate-in-bangladesh/