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Bangladesh Economy 2011
https://theodora.com/wfb2011/bangladesh/bangladesh_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 13, 2011

Economy - overview:
The economy has grown 5-6% per year since 1996 despite political instability, poor infrastructure, corruption, 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, 45% of Bangladeshis are employed in the agriculture sector, with rice as the single-most-important product. Bangladesh's growth was resilient during the 2008-09 global financial crisis and recession. Garment exports, totaling $12.3 billion in FY09 and remittances from overseas Bangladeshis totaling $9.7 billion in FY09 accounted for almost 25% of GDP.

GDP (purchasing power parity):
$259.3 billion (2010 est.)
country comparison to the world: 47

$244.6 billion (2009 est.)
$231.4 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$105.4 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6% (2010 est.)
country comparison to the world: 36

5.7% (2009 est.)
6% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,700 (2010 est.)
country comparison to the world: 197

$1,600 (2009 est.)
$1,500 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 18.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 28.7%
[see also: GDP - composition by sector - industry country ranks ]
services: 52.9% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
73.87 million
country comparison to the world: 8
note: extensive export of labor to Saudi Arabia, Kuwait, UAE, Oman, Qatar, and Malaysia; workers' remittances estimated at $10.9 billion in 2009-10 (2009 est.)
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 45%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 30%
[see also: Labor force - by occupation - industry country ranks ]
services: 25% (2008)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
5.1% (2010 est.)
country comparison to the world: 47

5.1% (2009 est.)
note: about 40% of the population is underemployed; many participants in the labor force work only a few hours a week, at low wages
[see also: Unemployment rate country ranks ]

Population below poverty line:
36.3% (2008 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 8.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 26.6% (2008 est.)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
33.2 (2005)
country comparison to the world: 94

33.6 (1996)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
23.8% of GDP (2009 est.)
country comparison to the world: 48
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $11.43 billion
[see also: Budget - revenues country ranks ]
expenditures: $15.9 billion (2010 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
39.3% of GDP (2010 est.)
country comparison to the world: 74

39.7% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
8.1% (2010 est.)
country comparison to the world: 188

5.4% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
5% (31 October 2010)
country comparison to the world: 86

5% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
14.6% (31 December 2009 est.)
country comparison to the world: 38

16.38% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$13.98 billion (31 December 2010 est)

$10.92 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$57.21 billion (31 December 2010 est.)

$63.03 billion (31 December 2009)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$62.2 billion (31 December 2010 est.)
country comparison to the world: 60

$53.77 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$7.068 billion (31 December 2009)
country comparison to the world: 75

$6.671 billion (31 December 2008)
$6.793 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

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:
6.4% (2009 est.)
country comparison to the world: 50
[see also: Industrial production growth rate country ranks ]

Electricity - production:
25.62 billion kWh (2007 est.)
country comparison to the world: 66
[see also: Electricity - production country ranks ]

Electricity - consumption:
23.94 billion kWh (2007 est.)
country comparison to the world: 65
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
5,733 bbl/day (2009 est.)
country comparison to the world: 91
[see also: Oil - production country ranks ]

Oil - consumption:
96,000 bbl/day (2009 est.)
country comparison to the world: 76
[see also: Oil - consumption country ranks ]

Oil - exports:
2,612 bbl/day (2007 est.)
country comparison to the world: 110
[see also: Oil - exports country ranks ]

Oil - imports:
87,660 bbl/day (2007 est.)
country comparison to the world: 68
[see also: Oil - imports country ranks ]

Oil - proved reserves:
28 million bbl (1 January 2010 est.)
country comparison to the world: 82
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
19.7 billion cu m (2008 est.)
country comparison to the world: 32
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
19.7 billion cu m (2008 est.)
country comparison to the world: 35
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 200
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 200
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
195.4 billion cu m (1 January 2010 est.)
country comparison to the world: 46
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$3.734 billion (2010)
country comparison to the world: 34

$2.416 billion (2009)
[see also: Current account balance country ranks ]

Exports:
$16.24 billion (2010)
country comparison to the world: 73

$15.58 billion (2009)
[see also: Exports country ranks ]

Exports - commodities:
garments, frozen fish and seafood, jute and jute goods, leather

Exports - partners:
US 22.5%, Germany 14.2%, UK 9.6%, France 7%, Netherlands 6.4% (2009)

Imports:
$21.34 billion (2010)
country comparison to the world: 68

$20.3 billion (2009)
[see also: Imports country ranks ]

Imports - commodities:
machinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products, cement

Imports - partners:
China 16.16%, India 12.61%, Singapore 7.55%, Japan 4.63%, Malaysia 4.46% (2009)

Reserves of foreign exchange and gold:
$10.79 billion (31 December 2010 est.)
country comparison to the world: 53

$10.34 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$24.46 billion (31 December 2010 est.)
country comparison to the world: 69

$24.22 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$6.72 billion (31 December 2010 est.)
country comparison to the world: 83

$5.617 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$82 million (31 December 2010 est.)
country comparison to the world: 80

$81 million (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
taka (BDT) per US dollar - 70.59 (2010), 69.039 (2009), 68.554 (2008), 69.893 (2007), 69.031 (2006)


NOTE: The information regarding Bangladesh on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bangladesh Economy 2011 information contained here. All suggestions for corrections of any errors about Bangladesh Economy 2011 should be addressed to the CIA.



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