Real GDP at Constant National Prices for Bangladesh
RGDPNABDA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
766,135.31
Year-over-Year Change
114.14%
Date Range
1/1/1959 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Bangladesh' measures the total economic output of Bangladesh adjusted for inflation. It is a key indicator of the country's economic growth and development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the real (inflation-adjusted) gross domestic product (GDP) of Bangladesh, calculated using constant national prices. It is a widely used metric for tracking the overall health and expansion of the Bangladeshi economy over time.
Methodology
The data is calculated by the World Bank using domestic prices and national accounts information.
Historical Context
Policymakers and analysts monitor this trend to assess the trajectory of Bangladesh's economic performance and inform economic policy decisions.
Key Facts
- Bangladesh's real GDP has grown over 6% annually on average since 2010.
- The service sector accounts for over 50% of Bangladesh's real GDP.
- Bangladesh aims to become an upper-middle-income country by 2031.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real (inflation-adjusted) economic output of Bangladesh, calculated using constant national prices.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Bangladesh's economic growth and development, and is closely monitored by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using domestic prices and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the trajectory of Bangladesh's economic performance and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Bangladesh (RGDPNABDA666NRUG), retrieved from FRED.