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Bangladesh Macroeconomic Indicators
Data Science and Analytics
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About
Explore the economic journey of Bangladesh between 1980 and 2019 with this valuable dataset. Bangladesh operates as a developing market economy, recognised as the world's 39th largest in nominal terms and 30th by purchasing power parity. It is categorised among the Next Eleven emerging market middle-income economies and is considered a frontier market. In the first quarter of 2019, Bangladesh achieved a remarkable 7.3% real GDP annual growth, ranking as the world's seventh fastest-growing economy. The financial hubs of Dhaka and Chittagong host the country's stock exchanges, with Bangladesh's financial sector being the second largest in the Indian subcontinent. This data offers a look at the indicators driving one of the fastest-growing economies globally.
Columns
- Year: The calendar year for which the economic data is recorded, spanning 1980 to 2019.
- GDP: Gross Domestic Product, expressed in billions of US dollars based on purchasing power parity (PPP). Values range from approximately 41.2 billion to 818 billion US dollars.
- GDP per capita: GDP divided by the population, measured in US dollars based on purchasing power parity (PPP). Figures vary from 500 US dollars to about 5,030 US dollars.
- GDP growth: The real annual percentage growth rate of the Gross Domestic Product.
- Inflation rate: The annual percentage increase in the general price level of goods and services.
- Unemployed rate: The percentage of the total labour force that is unemployed but actively seeking employment. This column notably has 'N/A' as its most frequent entry.
- Government debt: The total amount of money owed by the government, expressed as a percentage of GDP. This column also frequently shows 'N/A'.
- Total Investment: The total amount of investment made within the economy, represented as a percentage of GDP.
Distribution
The dataset is provided in a CSV format (
BD_economic_indicators.csv) and is approximately 2.02 KB in size. It comprises 8 distinct columns, with data points available for 40 valid entries across all indicators, covering the period from 1980 to 2019. The 'Year' column records values from 1980 to 2019. 'GDP' figures range from 41.2 billion to 818 billion US dollars, while 'GDP per capita' spans 500 to 5,030 US dollars. 'GDP growth' includes 27 unique percentage values, with 4.80% being the most frequent. 'Inflation rate' has 33 unique percentages, with 6.20% appearing most often. The 'Unemployed rate' and 'Government debt' columns show 'N/A' as their most common entries, suggesting a lack of data for certain years. 'Total Investment' provides 40 unique values.Usage
This data product is ideal for economic modelling, trend analysis, academic research into emerging markets, and for informing business strategies targeting the South Asian region. It can be applied in policy analysis concerning economic development, financial stability, and employment trends within Bangladesh. Researchers can use it to track long-term economic shifts and compare Bangladesh's performance against other developing nations.
Coverage
The dataset focuses exclusively on Bangladesh and covers an extensive time range from 1980 to 2019. There are specific notes on data availability, particularly for the 'Unemployed rate' and 'Government debt' columns, which contain 'N/A' entries for a notable percentage of the observations, indicating gaps in yearly data for these specific indicators.
License
CC BY-SA 3.0
Who Can Use It
- Economists and financial analysts: To study macroeconomic trends and predict future economic performance.
- Researchers and academics: For studies on developing economies, economic growth, and social science research.
- Policy makers: To inform decisions regarding national economic policy, investment, and employment strategies.
- Business strategists: To understand market conditions and potential for investment in Bangladesh.
- Students: As a valuable resource for projects and dissertations related to global economics.
Dataset Name Suggestions
- Bangladesh Economic Trends 1980-2019
- Bangladesh Macroeconomic Indicators
- Developing Economy: Bangladesh Data
- Bangladesh Economic Overview
Attributes
Original Data Source: Bangladesh Macroeconomic Indicators
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