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Published : 06 Apr 2026, 06:36 PM
Finance Minister Amir Khosru Mahmud Chowdhury has told parliament that the government has set a target to expand the size of Bangladesh's economy to $1 trillion within the next eight years.
Responding to a query from Dhaka-18 MP SM Jahangir Hossain during the question-and-answer session on Monday, the minister said achieving a trillion-dollar economy by 2034 is a primary goal of the current administration.
The government has designed a comprehensive action plan focusing on investment, employment, economic democratisation, and emerging sectors such as the "creative economy" and "sports economy", the minister added.
"The government is simultaneously prioritising employment, investment, production, exports, remittances, skill development, and social protection to increase per capita income while maintaining macroeconomic stability," Khosru said.
According to official data, the country’s Gross Domestic Product (GDP) stood at $450 billion at the end of the 2023-24 fiscal year.
The minister also informed the parliament that per capita income has reached $2,769 in the 2024-25 fiscal year, citing the latest Bangladesh Bureau of Statistics (BBS) figures.
Addressing concerns over energy supply amid the Middle East conflict, the finance minister told Feni-2 MP Joynal Abdin that the government is seeking alternative sources for fuel oil and LNG imports to ensure energy security.
He noted that the government is seeking "budget support" from development partners to manage the additional costs triggered by abnormally high international energy prices.
"A series of measures have been taken to strengthen and stabilise the economy despite global instability, commodity price hikes, and weaknesses in the banking sector inherited from past economic mismanagement," he said.
In response to another question from Kushtia-1 MP Reza Ahammed, Khosru emphasised that the government is focusing on strengthening the economic foundation, easing public hardship, and restoring discipline in the banking sector.
He reiterated that transparency and accountability in public financial management remain top priorities to accelerate development.
Bangladesh had previously achieved a record 8.15 percent GDP growth in the 2018-19 fiscal year before the COVID-19 pandemic caused a sharp decline to 3.45 percent in 2019-20, the lowest in decades.
