Bangladesh economy shows resilience on strong remittance, export growth: GED

BSS
Published On: 08 Jul 2026, 22:39

DHAKA, July 8, 2026 (BSS) - Bangladesh's economy continues to demonstrate resilience, supported by robust remittance inflows, steady export growth led by the ready-made garment (RMG) sector, improving banking sector liquidity and positive investment indicators, according to the latest report by the General Economics Division (GED) of the Bangladesh Planning Commission. 

The report said the country's external sector remained strong as remittance inflows reached US$3.43 billion in May 2026, providing a major boost to foreign exchange earnings and helping maintain foreign exchange reserves at a comfortable level of around US$34.55 billion. 

The export sector also sustained its positive momentum, with RMG exports rising to US$3.59 billion in May, marking nearly a 29 percent increase over the previous three months despite continued uncertainties in the global economy. 

Non-RMG exports also showed encouraging signs of diversification, reflecting improving demand in major export destinations and broadening the country's export base. 

The banking sector witnessed strengthening liquidity as deposits recorded nearly 12 percent year-on-year growth, indicating continued public confidence in the financial system.

The report observed that the government's reduced dependence on bank borrowing has eased pressure on the financial sector and is expected to create more room for private sector credit expansion, supporting investment and economic activities.

Strong imports of capital machinery also pointed to continued industrial expansion and improving business confidence. 

On the domestic front, food market conditions improved, with rice inflation remaining in negative territory in May, largely due to increased supply following a successful Boro harvest.

Vegetables also contributed less to food inflation, with their contribution declining from 34.87 points in April to 27.44 points in May, offering some relief to consumers despite overall inflationary pressures. 

The report also noted that the government is moving ahead with the draft Five-Year Strategic Framework for Reform and Development (July 2026-June 2031), aimed at strengthening long-term macroeconomic stability through better project planning, cost-effective implementation and enhanced monitoring across key sectors, including land administration, water resources and the financial sector.

 

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