Tax Incentives and Investment Conditions
1.1 Country Overview (1/2)
One of the fastest growing economies in the world
JANUARY 2023 INFLATION
€
7.92%
GDP GROWTH FOR 2021-22
March 2023 USD 1
$
= BDT 107.00
Source: Bangladesh Bank
2020-21 UNEMPLOYMENT RATE
+7.25%
Source: Bangladesh Bank
Source: World Bank
5.23%
Source: Bangladesh Bank
2021-22 EXPORT EARNINGS
USD 60.97 bn
Source: Export Promotion Bureau
-
Classified as a "Next Eleven" emerging market and one of the "Frontier
Five" emerging economies in the world by Goldman Sachs and JP Morgan
respectively.
- Projected to become the 24th largest economy by 2033.
-
Although the country's economic growth has hampered due to Covid19
pandemic, it is expected the country will make a U-shaped recovery du to
proactive economic policy reforms
KPMG
Credit ratings: Ba3 (Moody's) and BB- (Fitch)
Foreign Direct Investment (FDI): USD 3.4 billion in 2021-22
Export destinations (2022): United States (20%), Germany (15%), United
Kingdom (9%), Spain (6%), France (5%), Italy, Canada, Belgium, China, Japan
and India.
© 2023 Rahman Rahman Huq and KPMG Advisory Services Limited are entities registered in Bangladesh, and member firms of the KPMG global organisation of independent member
firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. Printed in Bangladesh.
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