| People | Bangladesh |
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Economy - overview:
|
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):
|
$209.2 billion (2007 est.) |
GDP (official exchange rate):
|
$70.6 billion (2007 est.) |
GDP - real growth rate:
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6% (2007 est.) |
GDP - per capita (PPP):
|
$1,400 (2007 est.) |
GDP - composition by sector:
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agriculture: 19%
industry: 28.7%
services: 52.3% (2007 est.) |
Investment (gross fixed):
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26% of GDP (2007 est.) |
Population below poverty line:
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45% (2004 est.) |
Household income or consumption by percentage share:
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lowest 10%: 3.7%
highest 10%: 27.9% (2000) |
Distribution of family income - Gini index:
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33.4 (2000) |
Inflation rate (consumer prices):
|
8.8% (2007 est.) |
Labor force:
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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 participation rate:
|
45.20 % of population |
Labor force - by occupation:
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agriculture: 63%
industry: 11%
services: 26% (FY95/96) |
Unemployment rate:
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2.5% (includes underemployment) (2007 est.) |
Budget:
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revenues: $7.078 billion
expenditures: $9.642 billion (2007 est.) |
Budget revenues per capita:
|
47 USD per capita |
Public debt:
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37.9% of GDP (2007 est.) |
Industries:
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cotton textiles, jute, garments, tea processing, paper newsprint, cement, chemical fertilizer, light engineering, sugar |
Industrial production growth rate:
|
9.5% (2007 est.) |
Electricity - production:
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21.35 billion kWh (2005) |
Electricity - production per capita:
|
140 kWh per capita |
Electricity - consumption:
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19.49 billion kWh (2005) |
Electricity - consumption - per capita:
|
127 kWh per capita |
Electricity - exports:
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0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
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6,746 bbl/day (2005) |
Oil - production per capita:
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44 bbl/day per capita |
Oil - consumption:
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86,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
0.20 bbl/year per capita |
Oil - exports:
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1,100 bbl/day (2004) |
Oil - imports:
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81,010 bbl/day (2004) |
Oil - proved reserves:
|
28 million bbl (1 January 2006 est.) |
Natural gas - production:
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13.43 billion cu m (2005 est.) |
Natural gas - production per capita:
|
88 cu m per capita |
Natural gas - consumption:
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13.43 billion cu m (2005 est.) |
Natural gas - consumption - per capita:
|
88 cu m per capita |
Natural gas - exports:
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0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
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135.8 billion cu m (1 January 2006 est.) |
Agriculture - products:
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rice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds, spices, fruit; beef, milk, poultry |
Current account balance:
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$683 million (2007 est.) |
Current account balance - per capita:
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5 USD per capita |
Exports:
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$11.25 billion (2007 est.) |
Exports per capita:
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74 USD per capita |
Exports - commodities:
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garments, jute and jute goods, leather, frozen fish and seafood |
Exports - partners:
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US 24.9%, Germany 12.8%, UK 9.8%, France 5% (2006) |
Imports:
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$14.91 billion (2007 est.) |
Imports per capita:
|
98 USD per capita |
Imports - commodities:
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machinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products, cement |
Imports - partners:
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China 17.7%, India 12.5%, Kuwait 7.9%, Singapore 5.5%, Hong Kong 4.1% (2006) |
Reserves of foreign exchange and gold:
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$5.293 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
|
35 USD per capita |
Debt - external:
|
$20.25 billion (31 December 2007 est.) |
Debt - external - per capita:
|
132 USD per capita |
Stock of direct foreign investment - at home:
|
$4.208 billion (2006 est.) |
Stock of direct foreign investment - abroad:
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$105 million (2006 est.) |
Market value of publicly traded shares:
|
$3.61 billion (2006) |
Economic aid - donor:
|
void |
Economic aid - recipient:
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$1.321 billion (2005) |
Economic aid - recipient per capita:
|
9 USD per capita |
Currency (code):
|
taka (BDT) |
Exchange rates:
|
taka per US dollar - 69.893 (2007), 69.031 (2006), 64.328 (2005), 59.513 (2004), 58.15 (2003) |
Fiscal year:
|
1 July - 30 June |
|
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