Dhaka, April 4 -- Bangladesh's current account balance improved sharply in the 2024-25 fiscal year, supported by strong remittance inflows and export growth, although a persistent trade deficit continued to weigh on the external position.Local economic insights

The current account balance rose by nearly 98 per cent year-on-year, driven primarily by a 38.1 per cent increase in net workers' remittances and a 17.1 per cent rise in export earnings on a free-on-board (f.o.b.) basis, according to the central bank official data released last week.

Despite the improvement, the current account remained marginally in deficit at Tk 15.1 billion in the year under review.

Trade deficit stood at Tk 2.47 trillion in FY25, slightly lower than Tk 2.49 ...