Source: world bank Nominal/PPP
Summary:
Bangladesh GDP Per Capita expanded from 1960 to 2024, increasing from $4.27 to $450.12 .The compound annual growth rate (CAGR) averaged 7.55% over the period. The economy recorded its peak level in 2022 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 50.39%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
Bangladesh Economic Phases (1960 - 2024)
From 1960 to 2024, Bangladesh economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1962) indicating robust economic expansion
- Expansion (1963–1964) indicating steady moderate growth
- High Growth (1965–1967) indicating robust economic expansion
- High Growth (1969–1970) indicating robust economic expansion
- High Growth (1973–1975) indicating robust economic expansion
- High Growth (1978–1981) indicating robust economic expansion
- Contraction (1982–1983) indicating temporary slowdown
- High Growth (1984–1985) indicating robust economic expansion
- High Growth (1987–1990) indicating robust economic expansion
- Expansion (1992–1994) indicating steady moderate growth
- High Growth (1995–1996) indicating robust economic expansion
- Expansion (1997–2002) indicating steady moderate growth
- High Growth (2003–2005) indicating robust economic expansion
- High Growth (2007–2011) indicating robust economic expansion
- High Growth (2013–2022) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1975 with an increase of 55.432%, while the largest decline was in 1976 at -47.98%.