Bangladesh GDP Growth Rate

The Gross Domestic Product (GDP) in Bangladesh expanded 5.83 percent in the second quarter of 2010 over the previous quarter. Historically, from 1994 until 2010, Bangladesh's average quarterly GDP Growth was 5.47 percent reaching an historical high of 6.63 percent in June of 2006 and a record low of 4.08 percent in June of 1994. Bangladesh is considered as a developing economy which has recorded GDP growth above 5% during the last few years. Microcredit has been a major driver of economic development in Bangladesh and although three fifths of Bangladeshis are employed in the agriculture sector, three quarters of exports revenues come from garment industry. The biggest obstacles to sustainable development in Bangladesh are overpopulation, poor infrastructure, corruption, political instability and a slow implementation of economic reforms.

Definition of Unemployment rate: This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted.

Country

1996 2001 2003 2004 2005 2006 2007 2008 2009 2010 35 40 40 40 2.5 2.5 2.5 5.1 4.8

Bangladesh 35.2