Bangladesh: GDP, constant dollars
* indicates monthly or quarterly data series
Bangladesh |
Gross Domestic Product, billions of 2010 U.S. dollars |
---|---|
Latest value | 323.3 |
Year | 2023 |
Measure | billion U.S. dollars |
Data availability | 1960 - 2023 |
Average | 91.4 |
Min - Max | 22.3 - 323.3 |
Source | The World Bank |
The latest value from 2023 is 323.3 billion U.S. dollars, an increase from 305.6 billion U.S. dollars in 2022. In comparison, the world average is 510.3 billion U.S. dollars, based on data from 179 countries. Historically, the average for Bangladesh from 1960 to 2023 is 91.4 billion U.S. dollars. The minimum value, 22.3 billion U.S. dollars, was reached in 1960 while the maximum of 323.3 billion U.S. dollars was recorded in 2023.
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The GDP of Bangladesh and other countries is a measure of the size of the economy. It is the total market value of all goods and services produced on the territory of a country during a period of time, for example, during one year. We show GDP in constant dollars. In other words, we present the production levels of different years but evaluated using the prices of only one year. The objective is to compare the level of production across years, holding constant any price changes.
Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2015 prices, expressed in U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2015 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Economic growth | 5.78 | 2023 | percent |
GDP, constant dollars | 323.3 | 2023 | billion U.S. dollars |
GDP, current U.S. dollars | 437.42 | 2023 | billion U.S. dollars |
GDP per capita, current dollars | 2,529.08 | 2023 | U.S. dollars |
GDP per capita, PPP | 8,172 | 2023 | U.S. dollars |
GDP per capita, constant dollars | 1,869.16 | 2023 | U.S. dollars |
Gross Domestic Product (GDP) | 13,478.00 | Q1/2024 | billion |