Bangladesh's economy has crossed the $500 billion milestone for the first time.
According to the preliminary estimates of the Bangladesh Bureau of Statistics (BBS), the country's gross domestic product (GDP) stood at $501 billion in FY26.
According to BBS data released on Wednesday, the size of the country's economy was $456 billion a year ago.
Accordingly, the size of the economy has increased significantly in a year.
The country's overall economic growth in the current fiscal year was 4.14%, which is higher than the 3.49% in the previous fiscal.
Although various international organizations had predicted that Bangladesh's growth in the current fiscal would be below 4%, the preliminary estimates of BBS have exceeded that forecast.
Sector-wise, it can be seen that the positive growth of the agriculture and services sectors has played an important role in advancing the overall economy.
In the current FY26, the growth in the agriculture sector was 2.78%, and the growth in the services sector was 4.59%.
However, the growth rate in the industrial sector has slowed down somewhat.
The growth in this sector stood at 2.86%, which was 3.71% in the previous fiscal.
According to economists, the industrial sector could not maintain the expected pace due to the decline in domestic demand due to slow export growth and high inflation.
Overall, despite global economic uncertainty, high inflation and trade pressures, Bangladesh's economy crossing the $500 billion mark is considered an important milestone for the country.