Business in Bangladesh: economic snapshot February 2018 | finder.com

ECONOMIC SNAPSHOT
BANGLADESH

Internal perspective

Bangladesh’s robust economy depends on sustained growth in the garment industry, further fueled by growth in expatriate remittances, household incomes and agricultural output. But religious and social tensions remain and threaten to affect the country’s economy.

Population

156.6 million (2013)

Internet users

13.2% in 2016

Gross domestic product (GDP)

  • $957.82 billion (2013)

Top 5 Imports

Top 5 exports

Languages

Top 3 Trading Partners

Top franchises

GDP growth rate (est.)

  • 6.55% in 2015
  • 6.06% in 2014
  • 6.01% in 2013

Trends and outlooks

  • Among the fastest growing and most promising economies in the Asian-Pacific
  • Annual GDP growth at 7% on average
  • Looking to expand industry beyond garmets and into electronics, frozen foods, light engineering and power

Economic challenges

  • Macroeconomic instability
  • Energy and infrastructure deficit
  • Need to develop labor skills and service sector
  • Lacking higher education management

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