The COVID-19 pandemic has impacted economies world-wide and exposed global economies to uncertainty or unprecedent consequences such as halt of business operations and disruption of cross-border supply-chain, thus causing adverse impacts to trade and investment, employment, economic growth. In view of minimizing such adverse economic shocks by the COVID-19, the Bangladeshi government announced various supporting policy measures (fiscal and non-fiscal measures) while having put restrictive measures in place. BIDA as an apex IPA for Bangladesh also responded to the immediate impacts of the COVID-19 on private sector by proposing emergency measures and actions in view of ensuring the continuation of investors’ business during the pandemic.
Although the pandemic situation has been significantly eased in Bangladesh since August 2021, this section introduces both potential and existing investors with the information access to the COVID-19 monitor, updated restrictions in relation to the COVID-19, brief of economic and trade/ investment trends, remaining policy support measures in response to the COVID-19
To see the latest figures on the number of newly infected cases, deaths, number of tests and recoveries, please see the following COVID-19 dashboards:
COVID-19 Dynamics dashboard by Director General of Health Services (DGHS)
COVID-19 Dashboard for Bangladesh World Health Organization (WHO)
Trends of macro-economy, trade and investment
Despite the global economic downturn, Bangladeshi economy has been deemed relatively resilient to pandemic shocks, although the country’s trade and investment have experienced adverse impacts particularly during the initial stage of the COVID-19 pandemic. The latest observations on macro-economic performance, trades and investments are stated as below:
Gross Domestic Product (GDP) growth
Despite the global impacts by the COVID-19 pandemic and the consequent measures to restrict the people’s mobility through the nationwide lockdown, Bangladesh shows relative macro-economic resilience with estimated GDP growth of 5.5% in FY2020-21, followed by 3.5% in FY2019-20. Bangladesh was among the few economies of positive growth in 2020, and is ranked 40th resilient economies in the face of the COVID pandemic adversities, being the top among the South Asian nations (Bloomberg’s COVID Resilience Ranking on May 2021). According to the IMF, Bangladesh is forecasted to remain ahead of its neighbors in terms of per capita GDP in the next five years to 2026, while managing the difficult time of the post-COVID economic era.