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Because of Bangladesh's fertile soil and normally ample water supply, rice can be grown and harvested three times a year in many areas. [9] Due to a number of factors, Bangladesh's labour-intensive agriculture has achieved steady increases in food grain production despite the often unfavorable weather conditions. [9]
This is an accepted version of this page This is the latest accepted revision, reviewed on 28 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 ...
Cyclones can detrimentally affect the food production of the area. In 1991, a cyclone caused the destruction of 60% of the cattle stock in the affected area, 80% of the poultry stock in the affected area, and exposed 72,000 ha of rice paddies to salt water. [28] Cyclones can cause storm surges, which further affect those who live in coastal areas.
Between 2004 and 2010, the food processing industry in Bangladesh grew at an average 7.7 percent per annum. Bangladesh Bureau of Statistics, in its 25006 Economic Census, reported that there were approximately 246 medium-sized food processing industries employing 19 percent of the industrial manufacturing workforce in Bangladesh or 8 percent of the total manufacturing labor force.
Central Cattle Breeding and Dairy Farm was producing 2000 tones of maize every year. [6] Embryo transfer protocol was established at the Central Cattle Breeding and Dairy Farm. The government of Bangladesh plans to increase meat and milk production through artificial insemination and breeding local cattle with European breeds. [7]
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.
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.
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