Economic Progress:

With about 160 million population the total size of our GDP is about USD 99.36 billion, this is
official figure but experts argument is that we may have even a bigger one. It may be true due to
existence of black money and other factors. Bangladeshs per capita GDP is about USD 684 on
current price basis. We exported USD 16.2 billion in 2009-2010 fiscal year and in the same
period we imported worth USD 21.5 billion. We have foreign exchange reserve of USD 10.75
billion in June, 2010. That means we may import only for a quarter without earning foreign
currency by export or in remittance form.
The targets set in vision 2021 may be mentioned in Economy as follows:
* Accountability of government and effective parliament.
* Local government institutions of adequate strength and jurisdiction.
* Rule of law and good governance. Human rights (political, legal, social, economic, cultural).
* Meeting basic human needs.
* Alleviation of poverty from 45% to 15% by 2021.
* Social safety nets for the extremely poor.
* Housing for all by 2015.
* Raising the economy to the level of a middle-income country by 2021 i.e. GDP per capita at
$1500.
It also contains some midterm and long-term targets. The midterm targets are supposed to be
achieved by the year 2013 like, raising economic growth rate to 8%, reducing poverty rate to
25%, enhancing electricity supply to 7,000 MW. The long-term targets are supposed to be
achieved by the year 2017 like boosting economic growth rate to 10%, reducing poverty rate to
15%, enhancing electricity supply to 20,000 MW.
Agriculture sector creates employment almost 45 percent of the population while it contributes
only 17.2 per cent of GDP along with other crucial sectors heavily influential. On the other hand,
manufacturing sector creates only 13.7 per cent employment and contributes almost 20 per cent

of GDP. Remaining informal sectors create employment and contribution to the GDP but not to a
significant scale.

Unsuccessful Economic Progress:

The World Bank categorizes countries in four groups- low income, lower-middle income, uppermiddle income and high income countries. According to the World Bank, a lower-middle income
country will have a per capita income between $1,045 and $4,125 and an upper-middle income
economy needs to have a per capita income between $4,126 and $12,745 in FY2015.
According to this classification of the Word Bank, Bangladesh should be very
close to the middle-income group now and our target should be the upper
middle-income group by 2021.
Actual conditions of Economy are shown below Still now Bangladesh is an underdeveloped country.
Housing is a great problem in our country till now.
The unemployment rate of Bangladesh is very high for insufficient economy.