Economy of Bangladesh

Bangladesh is a farming nation. With some three-fifths of the populace occupied with cultivating. Jute and tea are chief wellsprings of outside trade. Significant hindrances to development incorporate incessant typhoons and floods, wasteful state-possessed ventures, lacking port offices, a quickly developing work power that can't be consumed by agribusiness, delays in misusing vitality assets (gaseous petrol), inadequate force supplies, and moderate usage of financial changes. Monetary change is slowed down in numerous examples by political infighting and defilement at all degrees of government. Progress likewise has been obstructed by resistance from the organization, open part associations, and other personal stake gatherings. The recently chose BNP government, drove by Executive Khaleda ZIA, has the parliamentary solidarity to push through required changes, however the gathering's degree of political will to do so stays unsure.

For higher Gross domestic product development, interests in both open and private parts should be quickened. The predominant political and financial solidness has extraordinarily energized interest in the private part. The pattern of outside direct speculation is very encouraging.The government is resolved to showcase economy and has been seeking after strategies for supporting and empowering private venture and dispensing with ineffective consumptions in the open segment. Various measures have been taken to fortify the arranging framework and heighten changes in the money related division. The current government accept that wastage of assets is a far more prominent obstruction to advancement than insufficiency of assets.

It is normal information that numerous advancement endeavors in the previous years transformed into practices in worthlessness due to wastefulness and debasement in high places. Fear mongering was permitted to deaden peace. Organization was over brought together at the expense of neighborhood government establishments. The legislature has, along these lines, chose to decentralize organization in the fastest conceivable time.

Gross domestic product: buying power equality - $230 billion (2001 est.)

Gross domestic product genuine development rate: 5.6% (2001 est.)

Gross domestic product per capita: buying power equality - $1,750 (2001 est.)

Gross domestic product structure by area:

farming: 30%.

industry: 18%.

administrations: 52% (2000).

Populace underneath neediness line: 35.6% (1995-96 est.)

Family unit pay or utilization by rate share:

most minimal 10%: 3.9%.

most elevated 10%: 28.6% (1996).

Expansion rate (shopper costs): 5.8% (2000)

Work power: 64.1 million (1998).

note: broad fare of work to Saudi Arabia, Kuwait, UAE, Oman, Qatar, and Malaysia; laborers' settlements evaluated at $1.71 billion of every 1998-99.

Work power by occupation: farming 65%, administrations 25%, industry and mining 10% (1996)

Joblessness rate: 35.2% (1996).

Spending plan:

incomes: $4.9 billion

consumptions: $6.8 billion, including capital uses of $NA (2000).

Businesses: jute producing, cotton materials, articles of clothing, tea handling, paper newsprint, concrete, synthetic, light building, sugar, food preparing, steel, manure.

Modern creation development rate: 6.2% (2001)

Power creation: 13.493 billion kWh (2000).

Power creation by source:

petroleum product: 92.45%

hydro: 7.55%

atomic: 0%.

other: 0% (2000).

Power utilization: 12.548 billion kWh (2000)

Power sends out: 0 kWh (2000).

Power imports: 0 kWh (2000).

Agribusiness items: rice, jute, tea, wheat, sugarcane, potatoes, tobacco, beats, oilseeds, flavors, natural product; hamburger, milk, poultry.

Fares: $6.6 billion (2001)

Fares wares: articles of clothing, jute and jute merchandise, calfskin, solidified fish and fish.

Fares accomplices: US 31.8%, Germany 10.9%, UK 7.9%, France 5.2%, Netherlands 5.2%,

Italy 4.42% (2000).

Imports: $8.7 billion (2001)

Imports-wares: apparatus and hardware, synthetic compounds, iron and steel, materials, crude cotton, food, raw petroleum and oil based commodities, concrete.

Imports-accomplices: India 10.5%, EU 9.5%, Japan 9.5%, Singapore 8.5%, China 7.4% (2000)

Financial guide beneficiary: $1.575 billion (2000 est.)

Money: 1 taka (Tk) = 100 poisha.

Trade rates: Taka per US dollar - 57.756 (January 2002), 55.807 (2001), 52.142 (2000), 49.085 (1999), 46.906 (1998), 43.892 (1997)

Financial year: 1 July-30 June.