How was the growth rate of Bangladesh's GDP (Gross Domestic Product) in the last 10 years?

GDP growth of Bangladesh

Over the past decade, Bangladesh's GDP growth rate has been consistently strong and robust. Here's an overview:

1. **GDP growth in 2010-2019:**  

   - During this period, Bangladesh experienced steady economic growth, with annual GDP growth rates averaging between 6% to 8%.

   - The growth rate saw a significant upward trend, reaching 7.86% in 2018 and peaking at 8.15% in 2019. This was one of the highest growth rates in Asia, driven by strong performance in the manufacturing sector, particularly in the ready-made garments (RMG) industry, as well as increased remittances and domestic consumption.

2. **GDP growth in 2020:**  

   - The COVID-19 pandemic severely impacted the global economy, and Bangladesh was no exception. The GDP growth rate slowed down to around 3.5% in 2020, reflecting the effects of lockdowns, reduced demand for exports, and disruptions in economic activities.

3. **GDP growth in 2021-2022:**  

   - As the global economy began to recover from the pandemic, Bangladesh's GDP growth rate also started to rebound. The economy showed resilience, with growth rates bouncing back to around 6% to 6.5% during this period. The recovery was supported by strong export performance, especially in the RMG sector, as well as government stimulus measures and increased remittances.

Overall, the last decade has been marked by impressive economic growth for Bangladesh, despite the challenges posed by the pandemic in 2020. The country has maintained its position as one of the fastest-growing economies in the world.