Inflation rate in Bangladesh 2029

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.