National Accounts: Real Gross Domestic Product for Bangladesh
BGDNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.50
Year-over-Year Change
-1.37%
Date Range
1/1/1990 - 1/1/2029
Summary
This trend measures the real gross domestic product (GDP) of Bangladesh, adjusted for inflation. It is a key indicator of the overall economic health and growth of the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP is a comprehensive measure of the value of all goods and services produced within Bangladesh, providing insights into the size and performance of the national economy. It is widely used by policymakers, economists, and analysts to assess economic conditions and inform decision-making.
Methodology
The data is calculated by the Bangladesh Bureau of Statistics using official national accounts data.
Historical Context
Real GDP is a crucial metric for evaluating Bangladesh's economic development and progress over time.
Key Facts
- Bangladesh's real GDP grew by 5.2% in 2021.
- The agricultural sector accounts for 13% of Bangladesh's real GDP.
- Manufacturing is the largest contributor to Bangladesh's real GDP at 28%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Bangladesh, adjusted for inflation. It provides a comprehensive measure of the value of all goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator of the overall economic health and growth of Bangladesh, providing insights that are widely used by policymakers, economists, and analysts to assess economic conditions and inform decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the Bangladesh Bureau of Statistics using official national accounts data.
Q: How is this trend used in economic policy?
A: Real GDP is a crucial metric for evaluating Bangladesh's economic development and progress over time, and is used by policymakers, institutions, and analysts to inform economic policy and decision-making.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bangladesh Bureau of Statistics, with some potential for minor delays in data reporting.
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Citation
U.S. Federal Reserve, National Accounts: Real Gross Domestic Product for Bangladesh (BGDNGDPRPCPPPT), retrieved from FRED.