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    Nominal & Real GDP (2003-2022) in Bangladesh Over The Years

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    sadia TF
    The document summarizes Bangladesh's nominal GDP, real GDP, and inflation rate from 2003-2022. Nominal GDP increased from $149.99 billion in 2013 to $460.2 billion in 2022, while real GDP increased from $172.62 billion to $305.52 billion over the same period. Inflation rate fluctuated between 5.5-11.4% during this time period. The purchasing power of BDT decreased over time when adjusted for inflation, with $10,000 BDT in 2000 equivalent to $22,092 BDT in 2023.

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    Nominal & Real GDP (2003-2022) in Bangladesh Over The Years

    Uploaded by

    sadia TF
    13 views2 pages
    The document summarizes Bangladesh's nominal GDP, real GDP, and inflation rate from 2003-2022. Nominal GDP increased from $149.99 billion in 2013 to $460.2 billion in 2022, while real GDP increased from $172.62 billion to $305.52 billion over the same period. Inflation rate fluctuated between 5.5-11.4% during this time period. The purchasing power of BDT decreased over time when adjusted for inflation, with $10,000 BDT in 2000 equivalent to $22,092 BDT in 2023.

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    cpi

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    The document summarizes Bangladesh's nominal GDP, real GDP, and inflation rate from 2003-2022. Nominal GDP increased from $149.99 billion in 2013 to $460.2 billion in 2022, while real GDP increased from $172.62 billion to $305.52 billion over the same period. Inflation rate fluctuated between 5.5-11.4% during this time period. The purchasing power of BDT decreased over time when adjusted for inflation, with $10,000 BDT in 2000 equivalent to $22,092 BDT in 2023.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    13 views2 pages

    Nominal & Real GDP (2003-2022) in Bangladesh Over The Years

    Uploaded by

    sadia TF
    The document summarizes Bangladesh's nominal GDP, real GDP, and inflation rate from 2003-2022. Nominal GDP increased from $149.99 billion in 2013 to $460.2 billion in 2022, while real GDP increased from $172.62 billion to $305.52 billion over the same period. Inflation rate fluctuated between 5.5-11.4% during this time period. The purchasing power of BDT decreased over time when adjusted for inflation, with $10,000 BDT in 2000 equivalent to $22,092 BDT in 2023.

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    Nominal & Real GDP of Bangladesh (2003-2022)

    Year Nominal GDP (Billion $) Real GDP (Billion $) Inflation Rate

    2022 460.2 305.52 7.7


    2021 416.26 285.27 5.55
    2020 373.9 266.76 5.69
    2019 351.24 257.87 5.59
    2018 321.38 239.03 5.54
    2017 293.75 222.73 5.7
    2016 265.24 208.96 5.51
    2015 195.08 195.08 6.19
    2014 172.89 183.08 6.99
    2013 149.99 172.62 7.53
    2012 133.36 162.83 6.22
    2011 128.64 152.86 11.4

    Nominal & Real GDP(2003-2022) in Bangladesh over the


    500 years
    Nominal GDP(2003-2022)
    450 Real GDP(2003-2022)
    400
    Nominal & Real GDP(In Billion USD)

    350

    300

    250

    200

    150

    100

    50

    0
    2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

    Year
    Inflation Rate
    12
    11
    10
    9
    8
    Inflation rate(%)

    7
    6
    5
    4
    3
    2
    1
    0
    2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

    Year

    We can use the CPI to estimate the purchasing power:


    Value in 2023 (BDT) = value in 2000 (BDT) x (CPI in 2023/CPI in 2000)

    =10000 x (119.1/53.91)

    =22092.37 BDT

    Value in 2023 (BDT) = value in 2005 (BDT) x (CPI in 2023/CPI in 2005)

    =10000 x (119.1/69.15)

    =17223.427 BDT

    Value in 2023 (BDT) = value in 2010 (BDT) x (CPI in 2023/CPI in 2010)

    =10000 x (119.1/100)

    =11910 BDT

    (Source: Bangladesh Bureau of Statistics)

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