Bangladesh has experienced a rapid increase in the demand for energy over the past two decades. This trend is set to increase further as economic growth and development efforts accelerate in the attainment of the country goal to become a middle-income country by 2021. Bangladesh, with a population of about 160 million, has been achieving remarkable economic growth over the last decade, constantly keeping its annual GDP growth rate above six percent. The country has been able achievement this whilst maintaining one of the most stable annual growth rates worldwide as the standard deviation of the growth rates were as low as around 0.4 percent1. The following figure shows the annual percent changes from 2009 to 2016 and the projections from 2017.
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