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Economy of Bangladesh

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Economy ::BANGLADESH
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):
$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

GDP (official exchange rate):
$100.1 billion (2010 est.)

GDP - real growth rate:
6% (2010 est.)
country comparison to the world: 44
5.7% (2009 est.)
6% (2008 est.)

GDP - per capita (PPP):
$1,700 (2010 est.)
country comparison to the world: 195
$1,600 (2009 est.)
$1,500 (2008 est.)
note: data are in 2010 US dollars

GDP - composition by sector:
agriculture: 18.4%
industry: 28.7%
services: 52.9% (2010 est.)

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 were $10.9 billion in FY09/10 (2010 est.)

Labor force - by occupation:
agriculture: 45%
industry: 30%
services: 25% (2008)

Unemployment rate:
4.8% (2010 est.)
country comparison to the world: 44
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 Population below poverty line:
40% (2010 est.)

Household income or consumption by percentage share:...

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