Although more than half of GDP is generated through the services sector, almost half of Bangladeshis are employed in the agriculture sector, with rice as the single-most-important product. The huge delta region formed at the confluence of the Ganges and Brahmaputra River systems - now referred to as Bangladesh - was a loosely incorporated outpost of various empires centered on the Gangetic plain for much of the first millennium A.D. Muslim conversions and settlement in the region began in the 10th century, primarily from Arab and Persian traders and preachers. Bangladesh economy maintained an average annual growth rate of close to 7 percent over the last decade, with 8.15% outturn and per capita GDP of USD 1828 in FY19 For the latest forecasts on the economic impacts caused by the coronavirus pandemic, please consult the OECD Economic Outlook Interim Report Coronavirus: the world economy at risk (March 2020) and the IMF's policy tracking platform Policy Responses to COVID-19 for the key economic responses from governments. Economic growth slumped to an over 10-year low in FY 2020 (July 2019–June 2020), as the pandemic hammered both domestic activity and the external sector. Bangladesh Economic and Financial Indicators, March 2020 . 0 Your safe gateway to international trade. Other social issues include constant social strikes, terrorist threats, limited access to capital by the population, and disputes over Teesta River water distribution with India. ), -3.1 migrant(s)/1,000 population (2017 est. Main crops include rice, tea, jute, wheat, sugarcane, tobacco, spices, and fruits. Bangladesh: Economic and Political Overview. Each of the freedoms within these four broad categories is individually scored on a scale of 0 to 100. In January 2014, the incumbent AL won the national election by an overwhelming majority after the BNP boycotted, extending HASINA's term as prime minister.
Nonetheless, deficit is forecast to widen to 2.2% in 2020 because of high import requirements of the construction sector for mega-infrastructure projects. For the international outlook you can consult the latest situation reports published by the World Health Organisation as well as the global daily statistics on the coronavirus pandemic evolution including data on confirmed cases and deaths by country. The country has taken measures to promote green financing and is seeking grants from the international community, notably via the Green Climate Fund. Source: 2019 Index of Economic Freedom, Heritage Foundation. The Bank compiles and publishes a range of Economic data in monetary and financial sector. 3.19% annual rate of change (2015-20 est. Bangladesh is the world's fourth biggest rice producer, although shortages caused by natural disasters occasionally force the country to import rice. h�b``b``:����� Ȁ �l@���1�`���� ���dL:l����da
The male and female populations are broken down into 5-year age groups represented as horizontal bars along the vertical axis, with the youngest age groups at the bottom and the oldest at the top. The Economic freedom index measure ten components of economic freedom, grouped into four broad categories or pillars of economic freedom: Rule of Law (property rights, freedom from corruption); Limited Government (fiscal freedom, government spending); Regulatory Efficiency (business freedom, labour freedom, monetary freedom); and Open Markets (trade freedom, investment freedom, financial freedom).
Current account deficit was estimated to have narrowed to 2.7% of GDP in 2019 as higher textile exports provided support. For the general overview of the key economic policy responses to the COVID-19 outbreak (fiscal, monetary and macroeconomic) taken by the Bangladeshi government to limit the socio-economic impact of the COVID-19 pandemic, please consult the section dedicated to Bangladesh in the IMF’s Policy Tracker platform. Tableau des valeurs actuelles, des prévisions, des statistiques, des tableaux et le calendrier économique: Bangladesh - Indicateurs économiques. Key Country Indicators. %PDF-1.6 %���� Bangladesh Economic and Financial Indicators, July 2020 . Garment exports, the backbone of Bangladesh's industrial sector, accounted for more than 80% of total exports and surpassed $28 billion in FY 2016-17. ), 8 divisions; Barisal, Chittagong, Dhaka, Khulna, Mymensingh, Rajshahi, Rangpur, Sylhet, Independence Day, 26 March (1971); Victory Day, 16 December (1971); note - 26 March 1971 is the date of the Awami League's declaration of an independent Bangladesh, and 16 December (Victory Day) memorializes the military victory over Pakistan and the official creation of the state of Bangladesh, mixed legal system of mostly English common law and Islamic law, has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction, Bangladesh Nationalist Front or BNF [Abdul Kalam AZADI], Bangladesh Nationalist Party or BNP [Khaleda ZIA], Bangladesh Tariqat Federation or BTF [Syed Nozibul Bashar MAIZBHANDARI], Jamaat-i-Islami Bangladesh or JIB (Mujibur RAHMAN), Jatiya Party or JP (Ershad faction) [Hussain Mohammad ERSHAD], Jatiya Party or JP (Manju faction) [Anwar Hossain MANJU], Liberal Democratic Party or LDP [Oli AHMED], National Socialist Party or JSD [KHALEQUZZAMAN], Ain o Salish Kendro (Centre for Law and Mediation) or ASK (legal aid and civil rights), Bangladesh Center for Worker Solidarity or BCWS, Bangladesh Rural Advancement Committee or BRAC [Sir Fasel Hasan ABED], Federation of Bangladesh Chambers of Commerce and Industry or FBCCI [Md. Latest Update: October 2020. Similarly, … In FY 2016-17, steady export growth in the garment sector, combined with $13 billion in remittances from overseas Bangladeshis, contributed to Bangladesh's rising foreign exchange reserves. These include Major economic indicators [monthly], Selected indicators [weekly], Economic position of the country [Monthly], Export, Import and Bangladesh balance of payments. The Gross Domestic Product (GDP) in Bangladesh expanded 7.11 percent in 2016 from the previous year. 2391 0 obj <> endobj ), DHAKA (capital) 17.598 million; Chittagong 4.539 million; Khulna 1.022 million; Rajshahi 844,000 (2015), 176 deaths/100,000 live births (2015 est. ), about 40% of the population is underemployed; many persons counted as employed work only a few hours a week and at low wages, inadequate for a modern country; introducing digital systems; trunk systems include VHF and UHF microwave radio relay links, and some fiber-optic cable in cities, fixed-line teledensity remains less than 1 per 100 persons; mobile-cellular telephone subscribership has been increasing rapidly and now exceeds 80 telephones per 100 persons, country code - 880; landing point for the SEA-ME-WE-4 fiber-optic submarine cable system that provides links to Europe, the Middle East, and Asia; satellite earth stations - 6; international radiotelephone communications and landline service to neighboring countries (2016). Bangladesh Economic Review 2019 Cover Page Preface & Introduction Contents List of Abbreviations and Acronyms Socio-Economic Indicators of Bangladesh Executive Summary. Shafiul Islam (Mohiuddin)], Ministry of Women's and Children's Affairs or MoWCA [Meher Afroze CHUMKI] (advocacy group to end gender-based violence), Odikhar [Dr. C.R. Economic indicators for Bangladesh Bangladesh's GDP expected to grow by 5.2% in 2020 and 6.8% in 2021 – ADO 2020 Update Bangladesh's inflation rates forecasted at 5.7% in 2020 and 5.5% in 2021 – ADO 2020 Update Financial situation of the banking sector remains weak due to a large share of non-performing loans and an increase in restructured loans. For all solutions offered by endstream endobj startxref To find out about the latest status of the COVID19 pandemic evolution and the most up-to-date statistics on the COVID19 disease in Bangladesh, please visit the, To find out about the latest public health situation in Bangladesh and the current sanitary measures in vigour, please consult the, For the information on the travel restrictions undertaken by the government of Bangladesh, please consult the Banglsdeshi government, For the information on all the measures applicable to movement of goods during the period of sanitary emergency due to the COVID-19 outbreak (including eventual restrictions on imports and exports, if applicable), please consult the portal of the the, For the information on the economic recovery scheme put in place by the Bangladeshi government to address the impact of the COVID19 pandemic on the Banagladeshi economy, please visit the website of the, For the information on the local business support scheme established by the Bangladeshi government to help small and medium-sized companies to deal with the economic impacts of the COVID19 epidemic on their activity, please consult the portal of the, To find out about the support plan for exporters put in place by the Bangladeshi government, please consult the latest publications available on the, OECD Economic Outlook Interim Report Coronavirus: the world economy at risk (March 2020), IMF's policy tracking platform Policy Responses to COVID-19, Economic freedom in the world (interactive map), 2019 Index of Economic Freedom, Heritage Foundation, The Economist - Business Environment Rankings 2014-2018, Bangladeshi Directorate General of Health Services, International Trade Centre's COVID-19 Temporary Trade Measures, World Bank's Map of SME-Support Measures in Response to COVID-19. endstream endobj startxref The government aims to increase technology exports to USD 5 billion by 2021. © Export Entreprises SA, All Rights Reserved. Bangladesh recorded one of the fastest growth rates in the world in the past few years with a stable economic performance that has helped to reduce poverty and social inequalities.
Economic Indicators for Bangladesh including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Bangladesh economy.
World Bank, The shape of the population pyramid gradually evolves over time based on fertility, mortality, and international migration trends.
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