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Bangladesh Economy 2014

SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES











Bangladesh Economy 2014
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on December 17, 2013

Economy - overview:
In real terms Bangladesh's economy has grown 5.8% 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 $11 billion in FY10, accounted for almost 12% of GDP.

GDP (purchasing power parity):
$302.8 billion (2012 est.)
country comparison to the world: 44

$285.3 billion (2011 est.)
$268 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$121.3 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.1% (2012 est.)
country comparison to the world: 45

6.5% (2011 est.)
6.4% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,000 (2012 est.)
country comparison to the world: 192

$1,900 (2011 est.)
$1,800 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
27% of GDP (2012 est.)
country comparison to the world: 37

25% of GDP (2011 est.)
26.7% of GDP (2010 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 75%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 5.7%
investment in fixed capital: 25.4%
investment in inventories: 4.3%
exports of goods and services: 25%
imports of goods and services: -35.3%

(2012 est.)

GDP - composition, by sector of origin:
agriculture: 17.7%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 28.5%
services: 53.9% (2012 est.)

Agriculture - products:
rice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds, spices, fruit; beef, milk, poultry

Industries:
jute, cotton, garments, paper, leather, fertilizer, iron and steel, cement, petroleum products, tobacco, drugs and pharmaceuticals, ceramics, tea, salt, sugar, edible oils, soap and detergent, fabricated metal products, electricity and natural gas

Industrial production growth rate:
8.9% (2012 est.)
country comparison to the world: 22
[see also: Industrial production growth rate country ranks ]

Labor force:
77 million
country comparison to the world: 7
note: extensive export of labor to Saudi Arabia, Kuwait, UAE, Oman, Qatar, and Malaysia; workers' remittances were $10.9 billion in FY09/10 (2012 est.)
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 45%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 30%
services: 25% (2008)

Unemployment rate:
5% (2012 est.)
country comparison to the world: 45

5% (2011 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
[see also: Unemployment rate country ranks ]

Population below poverty line:
31.5% (2010 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 27% (2010 est.)

Distribution of family income - Gini index:
33.2 (2005)
country comparison to the world: 98

33.6 (1996)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $14.03 billion
[see also: Budget revenues country ranks ]
expenditures: $19.69 billion (2012 est.)

Taxes and other revenues:
11.6% of GDP (2012 est.)
country comparison to the world: 204
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-4.7% of GDP (2012 est.)
country comparison to the world: 161
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
32.2% of GDP (2012 est.)
country comparison to the world: 111

34.6% of GDP (2011 est.)
[see also: Public debt country ranks ]

Fiscal year:
1 July - 30 June

Inflation rate (consumer prices):
6.6% (2012 est.)
country comparison to the world: 172

10.3% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
5% (31 December 2010 est.)
country comparison to the world: 71

5% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
13% (31 December 2012 est.)
country comparison to the world: 62

13.25% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$14.85 billion (31 December 2012 est.)
country comparison to the world: 68

$13.19 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$66.84 billion (31 December 2011 est.)
country comparison to the world: 64

$66.14 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$79.32 billion (31 December 2012 est.)
country comparison to the world: 58

$68.57 billion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$23.55 billion (31 December 2011)
country comparison to the world: 66

$15.68 billion (31 December 2010)
$7.068 billion (31 December 2009)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$1.754 billion (2012 est.)
country comparison to the world: 42

$-165 million (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$24.92 billion (2012 est.)
country comparison to the world: 70

$24.54 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
garments, knitwear, agricultural products, frozen food (fish and seafood), jute and jute goods, leather

Exports - partners:
US 16.6%, Germany 13.4%, UK 8.6%, France 5.2% (2012)

Imports:
$32.29 billion (2012 est.)
country comparison to the world: 63

$32.61 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products, cement

Imports - partners:
China 17.8%, India 13.8%, Malaysia 5%, Singapore 4.6%, South Korea 4.4% (2012)

Reserves of foreign exchange and gold:
$12.75 billion (31 December 2012 est.)
country comparison to the world: 71

$9.192 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$29.53 billion (31 December 2012 est.)
country comparison to the world: 72

$29.12 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$6.64 billion (31 December 2012 est.)
country comparison to the world: 86

$6.166 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$108.1 million (31 December 2012 est.)
country comparison to the world: 89

$107 million (31 December 2011 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
taka (BDT) per US dollar -

81.86 (2012 est.)
74.15 (2011 est.)
69.65 (2010 est.)
69.04 (2009)
68.55 (2008)


NOTE: 1) The information regarding Bangladesh on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bangladesh Economy 2014 information contained here. All suggestions for corrections of any errors about Bangladesh Economy 2014 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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