2.2 GDP of Bangladesh and its unique sectorial makeup
All sectors that make up Bangladesh’s GDP and specifics around the country’s makeup
Predominant sectors: The predominant sectors in Bangladesh’s GDP include Textiles and Garments, Agriculture, Manufacturing, Construction, Services
Not so predominant sectors: Other sectors that contribute to the GDP but are not as dominant include, Information Technology, Pharmaceuticals, Fisheries, Tourism
Total GDP
Total GDP: Bangladesh’s GDP was around $446.35 billion in 2023.
Primary industry share of the total GDP: Primary industries, such as agriculture, contribute significantly to Bangladesh’s GDP. The agricultural sector’s contribution to Bangladesh’s GDP in 2022 was 11.22 percent.
Secondary industry share of the total GDP: Secondary industries including the manufacturing and construction industry contributed approximately 37.65 percent in 2022.
Tertiary industry share of the total GDP: The tertiary sector consists of services, such as banking, healthcare, and education. Contributed about 51.24 percent in 2022.
Figure 1: Share of three Major Sectors in the Last More than three Decades at Constant Prices
GDP growth rate – YOY
Total GDP growth rate: In fiscal year 2023, Bangladesh registered a GDP growth rate of 6.0% after the global pandemic.
Primary Industry growth rate: In 2022-2023 growth, rate of the primary industry is 2.61% can also vary but is typically lower than the overall GDP growth rate.
Secondary Industry growth rate: In 2022-2023, secondary industry’s growth rate is 8.18% that is often higher than that of the primary industry.
Tertiary Industry growth rate: The tertiary industry, which includes services, typically shows a steady growth rate of 5.84% in 2022-2023.
Figure 2: GDP growth rate from 2016 to 2023