Globalization Impact on Bangladesh Economy

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Economy of Bangladesh
Economy of Bangladesh

Currency Fiscal year Trade organisations

Bangladesh Taka (BDT) 1 July - 30 June WTO, SAFTA, D8, WCO Statistics

GDP GDP growth GDP per capita GDP by sector Inflation (CPI)

$228.4 billion (2008 est.PPP) 6.5% (2008 est.) $ 1500 (2008 est.PPP) Agriculture (19%), industry (28.7%), services (53.7%) (2007 est.) 9.4% (2008 est.)

Population 38% (2009 est.) below poverty line Labour force Labour force by occupation Unemployment Main industries 70.86 million (2008 est.) Agriculture (65%), industry (25%), services (10%) (2005 est.) 2.4% (2008) jute manufacturing, cotton textiles, garments, tea processing, paper newsprint, sugar, light engineering, chemical, cement, fertilizer, food processing External Exports Export goods $15.56 billion (2008-2009) garments, jute and jute goods, leather, frozen fish and seafood

Main export partners Imports Import goods Main import partners Gross External Debt

US 31.8%, Germany 10.9%, UK 7.9%, France 5.2%, Netherlands 5.2%, Italy 4.42% (2000) $25.205 billion (2008) machinery and equipment, chemicals, iron and steel, raw cotton, food, crude oil and petroleum products, India 10.5%, EU 9.5%, Japan 9.5%, Singapore 8.5%, China 7.4%(2004) $21.23 billion (31 December 2007 est.) Public finances

Public Debt Revenues Expenses Economic aid

$1.2 billion (June 2005 est.) $8 billion (2007 est.) $11 billion (2007 est.) $1.575 billion (2000 est.) Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars This box: view " talk

Bangladesh has modernized rapidly in recent years. The economy of Bangladesh is constituted by that of a developing country.[1] Its per capita income in 2008 was US$1389 (adjusted by purchasing power parity) lower than the world average of $10,497.[2] According to the gradation by the International Monetary Fund, Bangladesh ranked as the 48th largest economy in the world in 2008, with a gross domestic product of US$224,889...
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