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Bangladesh:
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Other pages in this profile of Bangladesh:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
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Economy - overview |
Definition The economy has grown 5-6% over the past few years despite inefficient state-owned enterprises, delays in exploiting natural gas resources, 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, nearly two-thirds of Bangladeshis are employed in the agriculture sector, with rice as the single-most-important product. Garment exports and remittances from Bangladeshis working overseas, mainly in the Middle East and East Asia, fuel economic growth. |
GDP (purchasing power parity) |
Definition - World rank and map $206.7 billion (2007 est.) |
GDP (official exchange rate) |
Definition $72.42 billion (2007 est.) |
GDP - real growth rate |
Definition - World rank and map 5.6% (2007 est.) |
GDP - per capita |
Definition - World rank and map $1,300 (2007 est.) |
GDP - composition by sector |
Definition agriculture: 19% industry: 28.7% services: 52.3% (2007 est.) |
Labor force |
Definition 69.4 million note: extensive export of labor to Saudi Arabia, Kuwait, UAE, Oman, Qatar, and Malaysia; workers' remittances estimated at $4.8 billion in 2005-06. (2007 est.) |
Labor force - by occupation |
Definition agriculture: 63% industry: 11% services: 26% (FY95/96) |
Unemployment rate |
Definition - World rank and map 1% (includes underemployment) (2007 est.) |
Population below poverty line |
Definition 45% (2004 est.) |
Household income or consumption by percentage share |
Definition lowest 10%: 3.7% highest 10%: 27.9% (2000) |
Distribution of family income - Gini index |
Definition - World rank and map 33.4 (2000) |
Inflation rate (consumer prices) |
Definition - World rank and map 8.4% (2007 est.) |
Investment (gross fixed) |
Definition - World rank and map 26% of GDP (2007 est.) |
Budget |
Definition revenues: $6.796 billion expenditures: $9.794 billion (2007 est.) |
Public debt |
Definition - World rank and map 37.4% of GDP (2007 est.) |
Agriculture - products |
Definition rice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds, spices, fruit; beef, milk, poultry |
Industries |
Definition cotton textiles, jute, garments, tea processing, paper newsprint, cement, chemical fertilizer, light engineering, sugar |
Industrial production growth rate |
Definition - World rank and map 9.5% (2007 est.) |
Electricity - production |
Definition - World rank and map 21.35 billion kWh (2005) |
Electricity - consumption |
Definition - World rank and map 19.49 billion kWh (2005) |
Electricity - consumption per capita |
Definition - World rank and map 127 kWh (2005) |
Electricity - exports |
Definition 0 kWh (2005) |
Electricity - imports |
Definition 0 kWh (2005) |
Oil - production |
Definition - World rank and map 6,746 bbl/day (2005) |
Oil - consumption |
Definition - World rank and map 86,000 bbl/day (2005 est.) |
Oil - consumption per 1,000 people |
Definition - World rank and map 0.6 bbl/day (2005 est.) |
Oil - exports |
Definition - World rank and map 1,100 bbl/day (2004) |
Oil - imports |
Definition - World rank and map 81,010 bbl/day (2004) |
Oil - proved reserves |
Definition - World rank and map 28 million bbl (1 January 2006 est.) |
Natural gas - production |
Definition - World rank and map 13.43 billion cu m (2005 est.) |
Natural gas - consumption |
Definition - World rank and map 13.43 billion cu m (2005 est.) |
Natural gas - consumption per capita |
Definition - World rank and map 87 cu m (2005 est.) |
Natural gas - exports |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - imports |
Definition - World rank and map 0 cu m (2005) |
Natural gas - proved reserves |
Definition - World rank and map 135.8 billion cu m (1 January 2006 est.) |
Current account balance |
Definition - World rank and map $334 million (2007 est.) |
Exports |
Definition - World rank and map $11.75 billion (2007 est.) |
Exports - commodities |
Definition garments, jute and jute goods, leather, frozen fish and seafood |
Exports - partners |
Definition US 23.9%, Germany 12.2%, UK 9.7%, France 5% (2006) |
Imports |
Definition - World rank and map $16.03 billion (2007 est.) |
Imports - commodities |
Definition machinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products, cement |
Imports - partners |
Definition China 17.7%, India 13.2%, Kuwait 8.1%, Singapore 4.9% (2006) |
Reserves of foreign exchange and gold |
Definition - World rank and map $5.515 billion (31 December 2007 est.) |
Debt - external |
Definition - World rank and map $21.23 billion (31 December 2007 est.) |
Stock of direct foreign investment - at home |
Definition $4.938 billion (2007 est.) |
Stock of direct foreign investment - abroad |
Definition $105 million (2007 est.) |
Market value of publicly traded shares |
Definition $3.61 billion (2006) |
Economic aid - recipient |
Definition $1.321 billion (2005) |
Currency (code) |
Definition taka (BDT) |
Exchange rates |
Definition taka per US dollar - 69.893 (2007), 69.031 (2006), 64.328 (2005), 59.513 (2004), 58.15 (2003) |
Fiscal year |
Definition 1 July - 30 June |
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