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Bangladesh Current Account to GDP Ratio

Bangladesh's current account deficit narrowed to -1.4% of GDP in 2024, the highest since 2021. This improvement follows a deficit of -2.6% in 2023. The reduction was driven by a 7.8% decrease in merchandise import payments, totaling $63.226 billion for fiscal year 2023-24 compared to the previous fiscal year. This decrease in import payments directly reduced the trade deficit. Additionally, remittance inflows increased to $23.91 billion in fiscal year 2023-24 from $21.61 billion in fiscal year 2022-23. Calendar year 2024 remittances exceeded $26.88 billion with these higher foreign currency inflows positively impacting the current account balance. Bangladesh's record low current account to GDP was -4.4% in 1988 and its record high was 3.2% in 2010.

Yearly Historical Data (1980-2024)

(in %)
Year Current Account to GDP Ratio
2024 -1.4%
2023 -2.6%
2022 -4%
2021 -1.1%
2020 -1.5%
2019 -1.3%
2018 -3%
2017 -0.5%
2016 1.6%
2015 1.2%
2014 0.8%
2013 1.6%
2012 -0.3%
2011 -1.3%
2010 3.2%
2009 2.7%
2008 0.9%
2007 1.4%
2006 1.3%
2005 -1%
2004 0.3%
2003 0.3%
2002 0.3%
2001 -2.4%
2000 -0.9%
1999 -1.1%
1998 -1.1%
1997 -2.1%
1996 -3.2%
1995 -1.8%
1994 -0.3%
1993 -0.4%
1992 -0.4%
1991 -1.1%
1990 -3.1%
1989 -4.3%
1988 -4.4%
1987 -2%
1986 -2.6%
1985 -3.5%
1984 -3%
1983 -2.2%
1982 -3.8%
1981 -3.6%
1980 -1.3%
Bangladesh Current Account to GDP Ratio : Definition
Bangladesh's current account to GDP shows the current account balance as a percentage of GDP. The current account, encompassing net trade in goods, services, income and transfers, is divided by the nation's GDP. A negative ratio reveals a current account deficit, whereas a positive value signifies a surplus.
Indicator Last Value Prior Value Period
Debt to GDP Ratio 32.2% 31.6% Dec'24
Repo Rate 10% 10% Aug'25
Private Credit (% GDP) 35.81% 37.64% 2024