Bangladesh: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | 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. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2015): China, United States, and India |
| Top Industries Source: CIA World Factbook | Jute; Cotton; Garments; Paper |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $1,099,767,213,459 (2021) |
| GDP Growth Rate (annual %) | 6.939% (2021) |
| GDP Per Capita, PPP (current international) | $6,494 (2021) |
GDP Country Rank 27/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 5.546% (2021) |
| External debt stocks, total (DOD, current US$) | $91,429,305,072 (2021) |
| Total tax rate (% of commercial profits) | 33.4% (2019) |
| Real Interest Rate (5 year average %) | 3.076% (2021) |
| Manufacturing, value added (% of GDP) | 21.236% (2021) |
| Current Account Balance (BoP, current US$) | ($15,563,232,438) (2021) |
Labor and Employment [1]
| Labor Force, Total | 70,961,067 (2021) |
| Employment in Agriculture (% of total employment) | 37.748% (2020) |
| Employment in Industry (% of total employment) | 21.646% (2020) |
| Employment in Services (% of total employment) | 40.606% (2020) |
| Unemployment Rate | 5.229% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $71,019,901,847 (2021) |
| Exports of goods and services (current US$) | $44,385,410,501 (2021) |
| Total Merchandise Trade (% of GDP) | 29.95% (2021) |
| FDI, net inflows (BoP, current US$) | $1,388,504,953 (2021) |
| Commercial Service Exports (current US$) | $4,869,655,620 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Bangladesh’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.