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Bangladesh Main Page

 

 
Economy - overview:
The economy has grown 5-6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, and slow implementation of economic reforms. Bangladesh remains a poor, overpopulated, and inefficiently-governed nation. Although more than half of GDP is generated through the service sector, 45% of Bangladeshis are employed in the agriculture sector, with rice as the single-most-important product. Bangladesh's growth was resilient during the 2008-09 global financial crisis and recession. Garment exports, totaling $12.3 billion in FY09 and remittances from overseas Bangladeshis totaling $9.7 billion in FY09 accounted for almost 25% of GDP.
GDP (purchasing power parity):
$259.3 billion (2010 est.)
country comparison to the world: 47
$244.6 billion (2009 est.)
$231.4 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$105.4 billion (2010 est.)
GDP - real growth rate:
6% (2010 est.)
country comparison to the world: 36
5.7% (2009 est.)
6% (2008 est.)
GDP - per capita (PPP):
$1,700 (2010 est.)
country comparison to the world: 196
$1,600 (2009 est.)
$1,500 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 18.4%
industry: 28.7%
services: 52.9% (2010 est.)
Labor force:
73.87 million
country comparison to the world: 8
note: extensive export of labor to Saudi Arabia, Kuwait, UAE, Oman, Qatar, and Malaysia; workers' remittances estimated at $10.9 billion in 2009-10 (2010 est.)
Labor force - by occupation:
agriculture: 45%
industry: 30%
services: 25% (2008)
Unemployment rate:
5.1% (2010 est.)
country comparison to the world: 47
5.1% (2009 est.)
note: about 40% of the population is underemployed; many participants in the labor force work only a few hours a week, at low wages
Population below poverty line:
36.3% (2008 est.)
Household income or consumption by percentage share:
lowest 10%: 8.8%
highest 10%: 26.6% (2008 est.)
Distribution of family income - Gini index:
33.2 (2005)
country comparison to the world: 94
33.6 (1996)
Investment (gross fixed):
23.8% of GDP (2010 est.)
country comparison to the world: 48
Public debt:
39.3% of GDP (2010 est.)
country comparison to the world: 74
39.7% of GDP (2009 est.)
Inflation rate (consumer prices):
8.1% (2010 est.)
country comparison to the world: 188
5.4% (2009 est.)
Central bank discount rate:
5% (31 October 2010)
country comparison to the world: 86
5% (31 December 2008)
Commercial bank prime lending rate:
14.6% (31 December 2009 est.)
country comparison to the world: 38
16.38% (31 December 2008 est.)
Stock of narrow money:
$13.98 billion (31 December 2010 est)
country comparison to the world: 67
$10.92 billion (31 December 2009 est)
Stock of broad money:
$57.21 billion (31 December 2010 est.)
country comparison to the world: 64
$63.03 billion (31 December 2009)
Stock of domestic credit:
$62.2 billion (31 December 2010 est.)
country comparison to the world: 60
$53.77 billion (31 December 2009 est.)
Market value of publicly traded shares:
$7.068 billion (31 December 2009)
country comparison to the world: 74
$6.671 billion (31 December 2008)
$6.793 billion (31 December 2007)
Agriculture - products:
rice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds, spices, fruit; beef, milk, poultry
Industries:
cotton textiles, jute, garments, tea processing, paper newsprint, cement, chemical fertilizer, light engineering, sugar
Industrial production growth rate:
6.4% (2010 est.)
country comparison to the world: 50
Electricity - production:
25.62 billion kWh (2007 est.)
country comparison to the world: 66
Electricity - consumption:
23.94 billion kWh (2007 est.)
country comparison to the world: 65
Electricity - exports:
0 kWh (2008 est.)
Electricity - imports:
0 kWh (2008 est.)
Oil - production:
5,733 bbl/day (2009 est.)
country comparison to the world: 91
Oil - consumption:
96,000 bbl/day (2009 est.)
country comparison to the world: 76
Oil - exports:
2,612 bbl/day (2007 est.)
country comparison to the world: 109
Oil - imports:
87,660 bbl/day (2007 est.)
country comparison to the world: 67
Oil - proved reserves:
28 million bbl (1 January 2010 est.)
country comparison to the world: 82
Natural gas - production:
19.7 billion cu m (2008 est.)
country comparison to the world: 32
Natural gas - consumption:
19.7 billion cu m (2008 est.)
country comparison to the world: 35
Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 199
Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 199
Natural gas - proved reserves:
195.4 billion cu m (1 January 2010 est.)
country comparison to the world: 46
Current account balance:
$3.734 billion (2010)
country comparison to the world: 34
$2.416 billion (2009)
Exports:
$16.24 billion (2010)
country comparison to the world: 73
$15.58 billion (2009)
Exports - commodities:
garments, frozen fish and seafood, jute and jute goods, leather
Exports - partners:
US 22.5%, Germany 14.2%, UK 9.6%, France 7%, Netherlands 6.4% (2009)
Imports:
$21.34 billion (2010)
country comparison to the world: 68
$20.3 billion (2009)
Imports - commodities:
machinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products, cement
Imports - partners:
China 16.16%, India 12.61%, Singapore 7.55%, Japan 4.63%, Malaysia 4.46% (2009)
Reserves of foreign exchange and gold:
$10.79 billion (31 December 2010 est.)
country comparison to the world: 53
$10.34 billion (31 December 2009 est.)
Debt - external:
$24.46 billion (31 December 2010 est.)
country comparison to the world: 69
$24.22 billion (31 December 2009 est.)
Stock of direct foreign investment - at home:
$6.72 billion (31 December 2010 est.)
country comparison to the world: 83
$5.617 billion (31 December 2009 est.)
Stock of direct foreign investment - abroad:
$82 million (31 December 2010 est.)
country comparison to the world: 80
$81 million (31 December 2009 est.)
Exchange rates:
taka (BDT) per US dollar - 70.59 (2010), 69.039 (2009), 68.554 (2008), 69.893 (2007), 69.031 (2006)
 

 

 


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