Economy Of Bangladesh

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
[see also: GDP (purchasing power parity) country ranks ] GDP (official exchange rate):
$105.4 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
GDP - real growth rate:
6% (2010 est.)
country comparison to the world: 36

5.7% (2009 est.)

6% (2008 est.)
[see also: GDP - real growth rate country ranks ] GDP - per capita:
$1,700 (2010 est.)
country comparison to the world: 197

$1,600 (2009 est.)

$1,500 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ] GDP - composition by sector:
agriculture: 18.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 28.7%
[see also: GDP - composition by sector - industry country ranks ]
services: 52.9% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
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 (2009 est.)
[see also: Labor force country ranks ]
Labor force - by occupation:
agriculture: 45%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 30%
[see also: Labor force - by occupation - industry country ranks ]
services: 25% (2008)
[see also: Labor force - by occupation - services country ranks ]
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
[see also: Unemployment rate country ranks ] Population below poverty line:
36.3% (2008 est.)
[see also: Population below poverty line country ranks ]
Household income or consumption by percentage share:
lowest 10%: 8.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 26.6% (2008 est.)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
Distribution of family income - Gini index:
33.2 (2005)
country comparison to the world: 94

33.6 (1996)
[see also: Distribution of family income - Gini index country ranks ] Investment (gross fixed):
23.8% of GDP (2009 est.)
country comparison to the world: 48
[see also: Investment (gross fixed) country ranks ]
Budget:
revenues: $11.43 billion
[see also: Budget - revenues country ranks ]
expenditures: $15.9 billion (2010 est.)
[see also: Budget - expenditures country ranks ]
Public debt:
39.3% of GDP (2010 est.)
country comparison to the world: 74

39.7% of GDP (2009 est.)
[see also: Public debt country ranks ] Inflation rate (consumer prices):
8.1% (2010 est.)
country comparison to the world: 188

5.4% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ] Central bank discount rate:
5% (31 October 2010)
country comparison to the world: 86

5% (31 December 2008)
[see also: Central bank discount rate country ranks ] Commercial bank prime lending rate:
14.6% (31 December 2009 est.)
country comparison to the world: 38

16.38% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ] Stock of narrow money:
$13.98 billion (31 December 2010 est)

$10.92 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ] Stock of broad money:
$57.21 billion (31 December 2010 est.)

$63.03 billion (31 December 2009)
[see also: Stock of broad money country ranks ] Stock of domestic credit:
$62.2 billion (31 December 2010 est.)
country comparison to the world: 60

$53.77 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ] Market value of publicly traded shares:
$7.068 billion (31 December 2009)
country comparison to the world: 75

$6.671 billion (31 December 2008)

$6.793 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ] 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% (2009 est.)
country comparison to the world: 50
[see also: Industrial production growth rate country ranks ]
Electricity - production:
25.62 billion kWh (2007 est.)
country comparison to the world: 66
[see also: Electricity - production country ranks ]
Electricity - consumption:
23.94 billion kWh (2007 est.)
country comparison to the world: 65
[see also: Electricity - consumption country ranks ]
Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
Oil - production:
5,733 bbl/day (2009 est.)
country comparison to the world: 91
[see also: Oil - production country ranks ]
Oil - consumption:
96,000 bbl/day (2009 est.)
country comparison to the world: 76
[see also: Oil - consumption country ranks ]
Oil - exports:
2,612 bbl/day (2007 est.)
country comparison to the world: 110
[see also: Oil - exports country ranks ]
Oil - imports:
87,660 bbl/day (2007 est.)
country comparison to the world: 68
[see also: Oil - imports country ranks ]
Oil - proved reserves:
28 million bbl (1 January 2010 est.)
country comparison to the world: 82
[see also: Oil - proved reserves country ranks ]
Natural gas - production:
19.7 billion cu m (2008 est.)
country comparison to the world: 32
[see also: Natural gas - production country ranks ]
Natural gas - consumption:
19.7 billion cu m (2008 est.)
country comparison to the world: 35
[see also: Natural gas - consumption country ranks ]
Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 200
[see also: Natural gas - exports country ranks ]
Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 200
[see also: Natural gas - imports country ranks ]
Natural gas - proved reserves:
195.4 billion cu m (1 January 2010 est.)
country comparison to the world: 46
[see also: Natural gas - proved reserves country ranks ]
Current account balance:
$3.734 billion (2010)
country comparison to the world: 34

$2.416 billion (2009)
[see also: Current account balance country ranks ] Exports:
$16.24 billion (2010)
country comparison to the world: 73

$15.58 billion (2009)
[see also: Exports country ranks ] 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)
[see also: Imports country ranks ] 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.)
[see also: Reserves of foreign exchange and gold country ranks ] Debt - external:
$24.46 billion (31 December 2010 est.)
country comparison to the world: 69

$24.22 billion (31 December 2009 est.)
[see also: Debt - external country ranks ] 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.)
[see also: Stock of direct foreign investment - at home country ranks ] Stock of direct foreign investment - abroad:
$82 million (31 December 2010 est.)
country comparison to the world: 80

$81 million (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ] Exchange rates:
taka (BDT) per US dollar - 70.59 (2010), 69.039 (2009), 68.554 (2008), 69.893 (2007), 69.031 (2006