unbekannter Gast

Bangladesh: Economy#

Bangladesh's economy has grown roughly 6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, slow implementation of economic reforms, and the 2008-09 global financial crisis and recession. Although more than half of GDP is generated through the service sector, almost half of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Garment exports, the backbone of Bangladesh’s industrial sector and 80% of total exports, surpassed $21 billion last year, 18% of GDP. The sector has remained resilient in recent years amidst a series of factory accidents that have killed over 1,000 workers and crippling strikes that shut down virtually all economic activity. Steady garment export growth combined with remittances from overseas Bangladeshis, which totaled almost $15 billion and 13% of GDP IN 2013, are the largest contributors to Bangladesh’s current account surplus and record foreign exchange holdings.

Economic Facts#

GDP (purchasing power parity)$324.6 billion (2013 est.)
$307 billion (2012 est.)
$289.2 billion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate5.8% (2013 est.)
6.1% (2012 est.)
6.5% (2011 est.)
GDP - per capita (PPP)$2,100 (2013 est.)
$2,000 (2012 est.)
$1,900 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by sector of originagriculture: 17.2%
industry: 28.9%
services: 53.9% (2013 est.)
Population below poverty line31.5% (2010 est.)
Household income or consumption by percentage sharelowest 10%: 4%
highest 10%: 27% (2010 est.)
Labor force - by occupationagriculture: 47%
industry: 13%
services: 40% (2010 est.)
Exports - commoditiesgarments, knitwear, agricultural products, frozen food (fish and seafood), jute and jute goods, leather
Exports - partnersUS 18.7%, Germany 15.8%, UK 10.2%, France 6.2%, Spain 4.6%, Canada 4.3%, Italy 4% (2013 est.)
Agriculture - productsrice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds, spices, fruit; beef, milk, poultry
Budgetrevenues: $17.19 billion
expenditures: $24.02 billion (2013 est.)
Imports - commoditiesmachinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products, cement
Imports - partnersChina 21.7%, India 16.3%, Malaysia 5.2%, Republic of Korea 4.5%, Japan 4.1% (2013 est.)
Exchange ratestaka (BDT) per US dollar -
78.19 (2013 est.)
81.863 (2012 est.)
69.649 (2010 est.)
69.04 (2009)
68.554 (2008)
Exports$26.91 billion (2013 est.)
$24.92 billion (2012 est.)
Debt - external$30.69 billion (31 December 2013 est.)
$29.53 billion (31 December 2012 est.)
Fiscal year1 July - 30 June
Imports$32.94 billion (2013 est.)
$32.29 billion (2012 est.)
Industrial production growth rate9% (2013 est.)
Industriesjute, cotton, garments, paper, leather, fertilizer, iron and steel, cement, petroleum products, tobacco, pharmaceuticals, ceramics, tea, salt, sugar, edible oils, soap and detergent, fabricated metal products, electricity, natural gas
Inflation rate (consumer prices)7.6% (2013 est.)
6.6% (2012 est.)
Labor force78.62 million
note: extensive export of labor to Saudi Arabia, Kuwait, UAE, Oman, Qatar, and Malaysia; workers' remittances were $10.9 billion in FY09/10 (2013 est.)
Unemployment rate5% (2013 est.)
5% (2012 est.)
note: about 40% of the population is underemployed; many persons counted as employed work only a few hours a week and at low wages
Distribution of family income - Gini index32.1 (2010)
33.6 (1996)
Public debt30.9% of GDP (2013 est.)
32.2% of GDP (2012 est.)
Current account balance$3.541 billion (2013 est.)
$1.754 billion (2012 est.)
Reserves of foreign exchange and gold$15.74 billion (31 December 2013 est.)
$12.75 billion (31 December 2012 est.)
GDP (official exchange rate)$140.2 billion (2013 est.)
Stock of direct foreign investment - at home$7.04 billion (31 December 2013 est.)
$6.64 billion (31 December 2012 est.)
Stock of direct foreign investment - abroad$110.1 million (31 December 2013 est.)
$108.1 million (31 December 2012 est.)
Market value of publicly traded shares$NA (February 2014 est.)
$17.48 billion (31 December 2012)
$23.55 billion (31 December 2011 est.)
Central bank discount rate5% (31 December 2010 est.)
5% (31 December 2009 est.)
Commercial bank prime lending rate13% (31 December 2013 est.)
13% (31 December 2012 est.)
Stock of domestic credit$93.38 billion (31 December 2013 est.)
$79.32 billion (31 December 2012 est.)
Stock of narrow money$17.11 billion (31 December 2013 est.)
$14.85 billion (31 December 2012 est.)
Stock of broad money$85.61 billion (31 December 2013 est.)
$70.87 billion (31 December 2012 est.)
Taxes and other revenues12.3% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-4.9% of GDP (2013 est.)
GDP - composition, by end usehousehold consumption: 75.3%
government consumption: 5.7%
investment in fixed capital: 25.6%
investment in inventories: 3.6%
exports of goods and services: 24.5%
imports of goods and services: -34.7%
(2013 est.)
Gross national saving28.3% of GDP (2013 est.)
27% of GDP (2012 est.)
25% of GDP (2011 est.)