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. . 4. Is Bangladesh becoming an economy with high growth and low tax? GDP Growth Rate (%) 7.88 7.32 6.59 3.45 Tax-GDP Ratio (%) 8.99 8.74 7.50 6.94 7.10 7.66 7.66 7.64 7.32 7.36 7.54 6.03 7.00 AFY17 AFY18 AFY19 AFY20 AFY21 AFY22 FY23(p) BFY24(T) AFY16 AFY17 AFY18 AFY19 AFY20 AFY21 AFY22 RBFY23 BFY24 Bangladesh ranks 119th out of 123 countries in terms of Tax-GDP ratio (% of GDP) The global median value for public expenditure (as % of GDP) is 32.2% National Budgets in Bangladesh: Myths and Realities 8

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