Bangladesh GDP (Gross Domestic Product)

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Bangladesh GDP (Gross Domestic Product)

Bangladesh Country Overview

Its official name is the People’s republic of Bangladesh. This country is located in South Asia. It is the 8 most populous country in the world and also the densest populous country in the world. Bangladesh shares its borders with India, Myanmar.

Bangladesh GDP
Bangladesh GDP

Its capital and largest city name are Dhaka. Dhaka is also Bangladesh’s economic, political and cultural hub. Its second-largest city and seaport name is Chittagong. Bangladesh’s official and national language is Bengali. When we talk about its Ethnic group in Bangladesh, so we see that approx. 98% Bengalis and 2% minorities live in Bangladesh.

By religion, 90% Muslims, 8% Hindus, 0.6% Buddism and others live in Bangladesh. Bangladesh’s total land area is approx. 148,570 km sq. Its total population is 161,370,700. Its population density is 1,107/km2 which is considered a highly dense population in the world. 

Its currency name is called Bangladeshi taka. Its fiscal year is in between 1 July- 30 June. Bangladesh is Generally called a Developing or emerging country because Bangladesh’s economy is Growing rapidly last decades and its economic growth rate is very high in the South Asian region countries.

Bangladesh GDP

Bangladesh’s total GDP is $350 billion (nominal) and $970 billion (PPP) in the year 2021. Its GDP rank is 37th (nominal) and 31st (PPP) in the year 2021. Its GDP growth rate is 6.8% in the year 2021. Bangladesh’s GDP per capita is $2,120 (nominal) and $5,800 (PPP) in the year 2021.

Its GDP per capita rank is 149th (nominal) and 130th (PPP) in the year 2021. When we talk about its GDP by sector, so agriculture: 14%, industry: 35% and services 50% in the year 2018. 

Bangladesh Economy overview

The inflation rate in Bangladesh is 5.4% in the year 2020. In Bangladesh, 20% population live below the poverty line in the year 2019. In Bangladesh, Human Development Index rate is 0.632 in the year 2019 and its rank is 133th in the world. Its HDI rate is considered a medium position in the world.

Bangladesh’s labour force is approx. 69,706,700 in the year 2019. When we talk about its Labor force by occupation, so agriculture: 40%, industry: 20% and services: 40% in the year 2017. In Bangladesh, the Unemployment rate is 4.1% in the year 2017. Bangladesh’s main industries are Textiles, automotive, bicycle, leather, glass, natural gas, petroleum etc. 

Exports

Its total exports are $38 billion in the year 2021. Its main export partners are European Union, United States, Canada, Japan, India, Australia, China etc. 

Imports

Its total imports are $60 billion in the year 2021. Its main imports goods are Textile, machinery, Electrical goods, mineral products, chemicals, aircraft’s etc. Its main import partners are China, India, Singapore, European Union, United States etc.

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