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According to the Pakistan Business Council, in addition to cotton, the list of goods imported by Bangladesh from Pakistan includes salt, Sulphur, earths and stones, plastering materials, lime, edible vegetables, raw hides and skins, machinery, inorganic chemicals, man-made staple fibers, plastics, tanning or dyeing extracts, and edible fruits ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 20 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 ...
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 43rd largest in terms of nominal GDP. With a population of 254.4 million people as of 2024, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
Economic mismanagement in general, and fiscally imprudent economic policies in particular, caused a large increase in the country's public debt and led to slower growth in the 1970s. Two wars with India - the Second Kashmir War in 1965 and the separation of Bangladesh from Pakistan also adversely affected economic growth. [35]
The western zone was popularly (and, for a period, also officially) termed West Pakistan and the eastern zone (modern-day Bangladesh) was initially termed East Bengal and later East Pakistan. Although the two zones' population was close to equal, political power was concentrated in West Pakistan, and it was widely perceived that East Pakistan ...
Bangladesh has a labor force of 71.4 million, [168] which is the world's seventh-largest; with an unemployment rate of 5.1% as of 2023. [169] Its foreign exchange reserves, although depleting, [170] remain the second-highest in South Asia, after India. Bangladesh's large diaspora contributed roughly $27 billion in remittances in 2024. [171]
The economy of Bangladesh is a major developing mixed economy. [121] As the second-largest economy in South Asia, [122] [123] Bangladesh's economy is the 35th largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven.
Since then, the country has experienced both civilian democratic and military rule, resulting in periods of significant economic and military growth as well as those of instability; significant during the latter, was the 1971 secession of East Pakistan as the new nation of Bangladesh. [citation needed]