Social and Economic Context of Bangladesh

Growth and Development:

Bangladesh is the 39th largest economy in the world in terms of market exchange rate. Bangladesh is one of the fastest growing economies in the world and one of the fastest growing middle income countries in the world.

The country has a market-based mixed economy. The emerging country Bangladesh Next XI is one of the emerging markets. According to the World Bank and the International Monetary Fund.

The 2018 per capita income is US $ 1,888 and GDP is $ 314 billion. Bangladesh has the second largest foreign exchange reserves in South Asia (after India). In 2015, Bangladesh paid ₹ 15.31 billion to migrants. 

The largest trading partners are the European Union, the United States, Japan, India, Australia, China and ASEAN Bangladesh. Migrant workers in the Middle East and Southeast Asia are being reimbursed in large sums. 

The economy is operating on strong domestic demand. Country has seen sustainable development and enormous poverty reduction thanks to the prime minister for the strategy she took for the development of Bangladesh to become a developed country in 2040.

Bangladesh Economic Growth:

Financial year 1919 and up leads the development industry. The industrial sector grew by 17.13 percent. The industrial contribution of GDP increased to 30.17 percent from 26.15 percent in the last financial year. 

The share of the agricultural products in GDP fell from 17.80 percent to 13.82 percent. The services sector accounts for 56% of GDP. 

Bangladesh is the third largest capital market in South Asia. As a result, the country is seeing more direct and domestic investment in various corporate sectors and capital markets.

GDP: 2019

      GDP Growth: 8.25%

      Nominal GDP (USD billion): 274.1

      Per Capita GDP (USD): 1,675

      Per Capita GNI (USD): 1,950

Financial Sectors Share of GDP and Growth Rate:
Sectors	Contribution   FY10	Contribution   FY18	Growth   FY18
Agriculture sector	17.80%	13.82%	11.02%
Garment Industry	26.15%	30.1%	17.13%
o/w Manufacturing	16.89%	18.99%	18.23%
Electricity, Water and Gas	1.10%	1.38%	11.78%
Construction	6.50%	7.98%	16.25%
Service	56.04%	56.00%	12.80%
o/w Trade	14.00%	13.15%	14.70%
Transport	10.57%	9.61%	9.38%
Financial Intermediation	3.08%	3.93%	14.38%
Real Estate	7.15%	7.82%	15.14%
Public Administration	3.34%	4.24%	15.03%
Education	2.40%	3.03%	13.41%
Community Services	12.57%	11.11%	10.35%
	100%	100%