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Bangladesh:
Economy

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Economy - overview
Definition
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)
Definition - World rank and map
$206.7 billion (2007 est.)
GDP (official exchange rate)
Definition
$72.42 billion (2007 est.)
GDP - real growth rate
Definition - World rank and map
5.6% (2007 est.)
GDP - per capita
Definition - World rank and map
$1,300 (2007 est.)
GDP - composition by sector
Definition
agriculture: 19%
industry: 28.7%
services: 52.3% (2007 est.)
Labor force
Definition
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
Definition
agriculture: 63%
industry: 11%
services: 26% (FY95/96)
Unemployment rate
Definition - World rank and map
1% (includes underemployment) (2007 est.)
Population below poverty line
Definition
45% (2004 est.)
Household income or consumption by percentage share
Definition
lowest 10%: 3.7%
highest 10%: 27.9% (2000)
Distribution of family income - Gini index
Definition - World rank and map
33.4 (2000)
Inflation rate (consumer prices)
Definition - World rank and map
8.4% (2007 est.)
Investment (gross fixed)
Definition - World rank and map
26% of GDP (2007 est.)
Budget
Definition
revenues: $6.796 billion
expenditures: $9.794 billion (2007 est.)
Public debt
Definition - World rank and map
37.4% of GDP (2007 est.)
Agriculture - products
Definition
rice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds, spices, fruit; beef, milk, poultry
Industries
Definition
cotton textiles, jute, garments, tea processing, paper newsprint, cement, chemical fertilizer, light engineering, sugar
Industrial production growth rate
Definition - World rank and map
9.5% (2007 est.)
Electricity - production
Definition - World rank and map
21.35 billion kWh (2005)
Electricity - consumption
Definition - World rank and map
19.49 billion kWh (2005)
Electricity - consumption per capita
Definition - World rank and map
127 kWh (2005)
Electricity - exports
Definition
0 kWh (2005)
Electricity - imports
Definition
0 kWh (2005)
Oil - production
Definition - World rank and map
6,746 bbl/day (2005)
Oil - consumption
Definition - World rank and map
86,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people
Definition - World rank and map
0.6 bbl/day (2005 est.)
Oil - exports
Definition - World rank and map
1,100 bbl/day (2004)
Oil - imports
Definition - World rank and map
81,010 bbl/day (2004)
Oil - proved reserves
Definition - World rank and map
28 million bbl (1 January 2006 est.)
Natural gas - production
Definition - World rank and map
13.43 billion cu m (2005 est.)
Natural gas - consumption
Definition - World rank and map
13.43 billion cu m (2005 est.)
Natural gas - consumption per capita
Definition - World rank and map
87 cu m (2005 est.)
Natural gas - exports
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - imports
Definition - World rank and map
0 cu m (2005)
Natural gas - proved reserves
Definition - World rank and map
135.8 billion cu m (1 January 2006 est.)
Current account balance
Definition - World rank and map
$334 million (2007 est.)
Exports
Definition - World rank and map
$11.75 billion (2007 est.)
Exports - commodities
Definition
garments, jute and jute goods, leather, frozen fish and seafood
Exports - partners
Definition
US 23.9%, Germany 12.2%, UK 9.7%, France 5% (2006)
Imports
Definition - World rank and map
$16.03 billion (2007 est.)
Imports - commodities
Definition
machinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products, cement
Imports - partners
Definition
China 17.7%, India 13.2%, Kuwait 8.1%, Singapore 4.9% (2006)
Reserves of foreign exchange and gold
Definition - World rank and map
$5.515 billion (31 December 2007 est.)
Debt - external
Definition - World rank and map
$21.23 billion (31 December 2007 est.)
Stock of direct foreign investment - at home
Definition
$4.938 billion (2007 est.)
Stock of direct foreign investment - abroad
Definition
$105 million (2007 est.)
Market value of publicly traded shares
Definition
$3.61 billion (2006)
Economic aid - recipient
Definition
$1.321 billion (2005)
Currency (code)
Definition
taka (BDT)
Exchange rates
Definition
taka per US dollar - 69.893 (2007), 69.031 (2006), 64.328 (2005), 59.513 (2004), 58.15 (2003)
Fiscal year
Definition
1 July - 30 June


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