Economy of Bangladesh

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The economy of Bangladesh is a developing, market-oriented economy. In the 2025–26 fiscal year its nominal GDP was estimated at US$501 billion, making it the second-largest economy in South Asia. As of year 2026, it ranked 36th in nominal terms and 26th by purchasing power parity.Bangladesh is a member of the World Trade Organization and the South Asian Free Trade Area, and Bangladesh was recognized by Goldman Sachs as a member of the Next Eleven, in 2012. Economic reforms promoting free markets and foreign direct investment began in the late 1970s. Since the 1990s, the ready-made garments industry has become the country's main export sector, accounting for over 80% of total exports. Remittances from the Bangladeshi diaspora are a major source of foreign exchange, and the pharmaceutical industry supplies 98% of domestic demand. Agriculture is supported by government subsidies. The private sector accounts for about 80% of GDP, and small and medium-sized enterprises (SME) make up about 90...

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