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Bangladesh Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Bangladesh Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 15,

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 $11 billion in FY10, accounted for almost 25% of GDP.

GDP (purchasing power parity):
$282.5 billion (2011 est.)
country comparison to the world: 44

$265.7 billion (2010 est.)
$249.8 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$115 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.3% (2011 est.)
country comparison to the world: 39

6.4% (2010 est.)
5.9% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$1,700 (2011 est.)
country comparison to the world: 193

$1,600 (2010 est.)
$1,500 (2009 est.)
note: data are in 2011 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: 28.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 53% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
75.42 million
country comparison to the world: 7
note: extensive export of labor to Saudi Arabia, Kuwait, UAE, Oman, Qatar, and Malaysia; workers' remittances were $10.9 billion in FY09/10 (2011 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% (2011 est.)
country comparison to the world: 46

5.1% (2010 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:
31.5% (2010 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA
[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: 100

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

Investment (gross fixed):
23.3% of GDP (2011 est.)
country comparison to the world: 79
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $12.67 billion
[see also: Budget revenues country ranks ]
expenditures: $17.15 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
11% of GDP (2011 est.)
country comparison to the world: 203
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-3.9% of GDP (2011 est.)
country comparison to the world: 123
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
36.7% of GDP (2011 est.)
country comparison to the world: 85

35.4% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
10.7% (2011 est.)
country comparison to the world: 192

8.1% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
5% (31 December 2010 est.)
country comparison to the world: 74

5% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
13.4% (31 December 2011 est.)
country comparison to the world: 67

13% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$16.27 billion (31 December 2011 est.)
country comparison to the world: 67

$14.12 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$59.86 billion (30 October 2011 est.)
country comparison to the world: 64

$56.44 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$73.69 billion (31 December 2011 est.)
country comparison to the world: 58

$64.71 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$47 billion (31 December 2010)
country comparison to the world: 74

$7.068 billion (31 December 2009)
$6.671 billion (31 December 2008)
[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:
7.4% (2011 est.)
country comparison to the world: 32
[see also: Industrial production growth rate country ranks ]

Electricity - production:
25.62 billion kWh (2009 est.)
country comparison to the world: 65
[see also: Electricity - production country ranks ]

Electricity - consumption:
23.94 billion kWh (2009 est.)
country comparison to the world: 65
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
5,724 bbl/day (2010 est.)
country comparison to the world: 93
[see also: Oil - production country ranks ]

Oil - consumption:
98,000 bbl/day (2010 est.)
country comparison to the world: 76
[see also: Oil - consumption country ranks ]

Oil - exports:
2,770 bbl/day (2009 est.)
country comparison to the world: 111
[see also: Oil - exports country ranks ]

Oil - imports:
77,340 bbl/day (2010 est.)
country comparison to the world: 79
[see also: Oil - imports country ranks ]

Natural gas - production:
19.75 billion cu m (2009 est.)
country comparison to the world: 31
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
20.1 billion cu m (2010 est.)
country comparison to the world: 35
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 61
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 158
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
195.4 billion cu m (1 January 2011 est.)
country comparison to the world: 46
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$372 million (2011 est.)
country comparison to the world: 98

$2.502 billion (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$23.86 billion (2011 est.)
country comparison to the world: 69

$19.24 billion (2010 est.)
[see also: Exports country ranks ]

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

Exports - partners:
US 22.1%, Germany 14.1%, UK 8.5%, France 6.8%, Netherlands 6.1% (2010)

Imports:
$31.75 billion (2011 est.)
country comparison to the world: 62

$24.72 billion (2010 est.)
[see also: Imports country ranks ]

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

Imports - partners:
China 18.9%, India 12.7%, Singapore 6%, Malaysia 4.7%, Japan 4% (2010)

Reserves of foreign exchange and gold:
$10.98 billion (31 December 2011 est.)
country comparison to the world: 70

$11.18 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$24.93 billion (31 December 2011 est.)
country comparison to the world: 74

$24.6 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$7.216 billion (31 December 2011 est.)
country comparison to the world: 85

$6.107 billion (31 December 2010 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$94.2 million (31 December 2011 est.)
country comparison to the world: 82

$91.2 million (31 December 2010 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
taka (BDT) per US dollar -

73.7 (2011 est.)
69.65 (2010 est.)
69.04 (2009)
68.554 (2008)
69.893 (2007)


NOTE: 1) The information regarding Bangladesh on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bangladesh Economy 2012 information contained here. All suggestions for corrections of any errors about Bangladesh Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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