ECONOMIC STATUS OF BANGLADESH

GROUP 3
Group leader: Mantaqa Mahir Members: Aurindom Roy Syed Anika Ahsan Ikbal Hassain Sarif Md. Saidur Rahman Mollah

DEFINITION OF ECONOMY

An economy consists of the economic systems of a country or other area; the labor, capital and land resources; and the manufacturing, production, trade, distribution, and consumption of goods.

INTRODUCTION

Bangladesh still remains in the least developing country (LDC) list of the UN

Bangladesh is a nation with a low level of material well-being

BANGLDESH ECONOMY HISTORY & STATUS

nationalizing all industries after its independence External markets for jute had been lost

banking and monetary systems were unreliable

workers were largely illiterate, unskilled, and underemployed leaders began to turn their attention to developing new industrial capacity and rehabilitating its economy encouraging signs of progress

historically has run a large trade deficit,

imports and aid-dependence of the country has systematically been reduced

ECONOMIC SECTORS OF BANGLADESH AGRICULTURE

Most Bangladeshis earn their living from agriculture Two thirds of the population works in the agricultural sector Underemployment remains a serious problem, and a growing concern for Bangladesh's agricultural sector alternative sources of employment will continue to be a daunting problem

MANUFACTURING & INDUSTRY

many new jobs mostly for women have been created by the country's dynamic private ready-made garment industry

grew at double-digit rates

ready-made garments reached $3,125 million, representing 52% of Bangladesh's total export

TEXTILE SECTOR

INVESTMENT

The stock market capitalization of the Dhaka Stock Exchange in Bangladesh crossed USD 50 billion in August 2010

The crash is believed to be caused artificially to benefit a handful of players at the expense of the big players.

Major investment in real estate by domestic and foreign-resident Bangladeshis has led to a massive building boom in Dhaka and Chittagong.

2010-11 market crash

FINANCIAL SYSTEM

BLACK MONEY IN BANGLADESH ECONOMY

BUDGET OF BANGLADESH ECONOMY 2012-2013

STATISTICS OVERVIEW

STATISTICS OVERVIEW
GDP (purchasing power parity) $258.6 billion (2010 est.)
Labor force agriculture: 45% industry: 30% services: 25% (2008)

Unemployment rate 5.1% (2010 est.)

Inflation rate (consumer prices) 8.1% (2010 est.)

STATISTICS OVERVIEW

Exports $19.24 billion (2010 est.) $15.07 billion (2009 est.)

Imports $24.72 billion (2010 est.) $19.68 billion (2009 est.)

Exchange rates taka (BDT) per US dollar 70.59 (2010) 69.04 (2009) 68.554 (2008) 69.893 (2007) 69.031 (2006

FUTURE PROSPECTS

Bangladesh remains a test case of economic development the economy reveals some strength

Remarkably the Bangladesh economy can feed an ever-increasing population from its narrow land base

As the economic survival of the nation is at stake, Bangladesh cannot afford to fail in its quest for development

Food production has increased to near selfsufficiency

THANK

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