| Economy | Bangladesh |
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Economy - overview:
|
The economy has grown 5-6% per year since 1996 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. In 2008 Bangladesh pursued a monetary policy aimed at maintaining high employment, but created higher inflation in the process. |
GDP (purchasing power parity):
|
$224 billion (2008 est.)
$213.6 billion (2007)
$201.1 billion (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
|
$1,500 (2008 est.)
$1,400 (2007 est.)
$1,300 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
|
$83.04 billion (2008 est.) |
GDP - real growth rate:
|
4.9% (2008 est.)
6.2% (2007 est.)
6.4% (2006 est.) |
GDP - composition by sector:
|
agriculture: 19.1%
industry: 28.6%
services: 52.3% (2008 est.) |
Investment (gross fixed):
|
24.3% of GDP (2008 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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33.2 (2005) |
Inflation rate (consumer prices):
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9.4% (2008 est.) |
Central bank discount rate:
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5% (31 December 2007) |
Commercial bank prime lending rate:
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16% (31 December 2007) |
Stock of money:
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$8.444 billion (31 December 2007) |
Stock of money - per capita:
|
55 USD per capita |
Stock of quasi money:
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$32.4 billion (31 December 2007) |
Stock of quasi money - per capita:
|
208 USD per capita |
Stock of domestic credit:
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$40.15 billion (31 December 2007) |
Stock of domestic credit - per capita:
|
258 USD per capita |
Labor force:
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70.86 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. (2008 est.) |
Labor force participation rate:
|
45.41 % 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) (2008 est.) |
Budget:
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revenues: $8.831 billion
expenditures: $12.54 billion (2008 est.) |
Budget revenues per capita:
|
57 USD per capita |
Public debt:
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34.6% of GDP (2008 est.) |
Industries:
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cotton textiles, jute, garments, tea processing, paper newsprint, cement, chemical fertilizer, light engineering, sugar |
Industrial production growth rate:
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6.9% (2008 est.) |
Electricity - production:
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22.78 billion kWh (2007 est.) |
Electricity - production per capita:
|
146 kWh per capita |
Electricity - consumption:
|
21.37 billion kWh (2006 est.) |
Electricity - consumption - per capita:
|
137 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
6,746 bbl/day (2007 est.) |
Oil - production per capita:
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44 bbl/day per capita |
Oil - consumption:
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89,940 bbl/day (2006 est.) |
Oil - consumption - per capita:
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0.21 bbl/year per capita |
Oil - exports:
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1,351 bbl/day (2005) |
Oil - imports:
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83,220 bbl/day (2005) |
Oil - proved reserves:
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28 million bbl (1 January 2008 est.) |
Natural gas - production:
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15.7 billion cu m (2007 est.) |
Natural gas - production per capita:
|
101 cu m per capita |
Natural gas - consumption:
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15.7 billion cu m (2007 est.) |
Natural gas - consumption - per capita:
|
101 cu m per capita |
Natural gas - exports:
|
0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007 est.) |
Natural gas - proved reserves:
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141.6 billion cu m (1 January 2008 est.) |
Agriculture - products:
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rice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds, spices, fruit; beef, milk, poultry |
Current account balance:
|
-$55 million (2008 est.) |
Current account balance - per capita:
|
0 USD per capita |
Exports:
|
$13.97 billion (2008 est.) |
Exports per capita:
|
90 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 23%, Germany 13%, UK 9.1%, France 5.5%, Belgium 4% (2007) |
Imports:
|
$20.17 billion (2008 est.) |
Imports per capita:
|
130 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 15%, India 14.3%, Kuwait 8.3%, Singapore 6.2%, Hong Kong 4.2% (2007) |
Reserves of foreign exchange and gold:
|
$5.934 billion (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
|
39 USD per capita |
Debt - external:
|
$21.72 billion (31 December 2008 est.) |
Debt - external - per capita:
|
140 USD per capita |
Stock of direct foreign investment - at home:
|
$5.618 billion (2008 est.) |
Stock of direct foreign investment - at home - per capita:
|
37 USD per capita |
Stock of direct foreign investment - abroad:
|
$104 million (2008 est.) |
Stock of direct foreign investment - abroad - per capita:
|
1 USD per capita |
Market value of publicly traded shares:
|
$6.793 billion (31 December 2007) |
Market value of publicly traded shares - per capita:
|
44 USD per capita |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$1.321 billion (2005) |
Economic aid - recipient per capita:
|
9 USD per capita |
Currency (code):
|
taka (BDT) |
Exchange rates:
|
taka (BDT) per US dollar - 68.554 (2008 est.), 69.893 (2007), 69.031 (2006), 64.328 (2005), 59.513 (2004) |
Fiscal year:
|
1 July - 30 June |
|
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