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The industry has been boosted by rapid economic growth, increased demand for real estate housing, and the emergence of a middle class. [5] During the years 1990-1992, Bangladesh underwent economic changes following a shift in government, resulting in a recession within the real estate market due to a decline in investor interest. [6]
This is an accepted version of this page This is the latest accepted revision, reviewed on 12 February 2025. Economy of Bangladesh Motijheel C/A, the downtown of Dhaka Currency Bangladeshi taka (BDT, ৳) Fiscal year 1 July – 30 June Trade organizations SAFTA, SAARC, BIMSTEC, WTO, AIIB, IMF, Commonwealth of Nations, World Bank, ADB, Developing-8 Country group Developing/Emerging Lower-middle ...
Urban poverty in Bangladesh remains notably large, with nearly 19 percent of the urban population grappling with economic hardship. This figure, both in absolute terms and concerning the broader South Asian context, stands out as high—second only to Afghanistan in the realm of urban poverty rates (Ellis and Roberts 2015). [21]
Dhaka, the largest city, with a population of 14.7 million, accounted for 31.8% of the total urban population by 2019. Age dependency ratio (% of working-age population) changed from 58.2% to 49.0% by the end of the decade. The influx of Rohingya refugees had impact on the demography of Bangladesh. [12]
Bangladesh exported a total of $65 billion in FY 2022-23 compared to $52 billion in FY 2021/22. Increase life expectancy to 80 years. Extend universal health care to 75% of the population. Increase adult literacy rate to 100% by 2031. Free education for up to 12 years.
One of the major subfields of urban economics, economies of agglomeration (or agglomeration effects), explains, in broad terms, how urban agglomeration occurs in locations where cost savings can naturally arise. [1] This term is most often discussed in terms of economic firm productivity.
The economy of Dhaka is the largest in the People's Republic of Bangladesh, contributing $213.3 billion in nominal gross state product and $740 billion in purchasing power parity terms as of 2022. The economy of Dhaka contributes 40% of Bangladesh's gross domestic product.
Bangladesh is a unitary parliamentary republic based on the Westminster system. It is a middle power with the second-largest economy in South Asia. Bangladesh is home to the third-largest Muslim-majority population and the fifth-most spoken native language.