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Flag of Bangladesh  Economy of Bangladesh


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):
 $208.3 billion (2007 est.)
GDP (official exchange rate):
 $72.42 billion (2007 est.)
GDP - real growth rate:
 6.3% (2007 est.)
GDP - per capita (PPP):
 $1,400 (2007 est.)
GDP - composition by sector:
 agriculture: 19% industry: 28.7% services: 52.3% (2007 est.)
Labor force:
 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:
 agriculture: 63% industry: 11% services: 26% (FY95/96)
Unemployment rate:
 2.5% (includes underemployment) (2007 est.)
Population below poverty line:
 45% (2004 est.)
Household income or consumption by percentage share:
 lowest 10%: 3.7% highest 10%: 27.9% (2000)
Distribution of family income - Gini index:
 33.4 (2000)
Inflation rate (consumer prices):
 9.1% (2007 est.)
Investment (gross fixed):
 24.3% of GDP (2007 est.)
Budget:
 revenues: $7.01 billion expenditures: $9.464 billion (2007 est.)
Public debt:
 37.4% of GDP (2007 est.)
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:
 8.4% (2007 est.)
Electricity - production:
 21.35 billion kWh (2005)
Electricity - consumption:
 19.49 billion kWh (2005)
Electricity - exports:
 0 kWh (2005)
Electricity - imports:
 0 kWh (2005)
Oil - production:
 6,746 bbl/day (2005)
Oil - consumption:
 86,000 bbl/day (2005 est.)
Oil - exports:
 1,100 bbl/day (2004)
Oil - imports:
 81,010 bbl/day (2004)
Oil - proved reserves:
 28 million bbl (1 January 2006 est.)
Natural gas - production:
 13.43 billion cu m (2005 est.)
Natural gas - consumption:
 13.43 billion cu m (2005 est.)
Natural gas - exports:
 0 cu m (2005 est.)
Natural gas - imports:
 0 cu m (2005)
Natural gas - proved reserves:
 135.8 billion cu m (1 January 2006 est.)
Current account balance:
 $804.7 million (2007 est.)
Exports:
 $12.45 billion (2007 est.)
Exports - commodities:
 garments, jute and jute goods, leather, frozen fish and seafood
Exports - partners:
 US 23.8%, Germany 12.1%, UK 10.1%, France 5% (2007)
Imports:
 $16.67 billion (2007 est.)
Imports - commodities:
 machinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products, cement
Imports - partners:
 China 17.6%, India 13.3%, Kuwait 8.2%, Singapore 4.9% (2007)
Economic aid - recipient:
 $1.321 billion (2005)
Reserves of foreign exchange and gold:
 $5.278 billion (31 December 2007 est.)
Debt - external:
 $21.23 billion (31 December 2007 est.)
Stock of direct foreign investment - at home:
 $4.971 billion (2007 est.)
Stock of direct foreign investment - abroad:
 $104 million (2007 est.)
Market value of publicly traded shares:
 $3.61 billion (2006)
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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<a title="Flag of Bangladesh" href="http://www.bttranslations.com/countries/flag-of-bangladesh.htm" >Flag of Bangladesh</a> from the site of <a title="BTT Translation Company" href="http://www.bttranslations.com/">BTT Translation Services</a>
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Country Profile of Bangladesh
Communications of Bangladesh
Economy of Bangladesh
Geography of Bangladesh
Government of Bangladesh
Transnational Issues of Bangladesh
Military of Bangladesh
People of Bangladesh
Transportation of Bangladesh

The information above is a partial reproduction of Google Maps and the CIA World Factbook.


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