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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 ...
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.
As a part of four 5-year perspective plan to be undertaken between 2022 and 2041, Bangladesh is aiming to achieve high income status through industrialization. The initiative encourages expansion of manufacturing capacity and investment in human capital development to develop exports from Bangladesh. [1]
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]
The economy of Dhaka contributes 40% of Bangladesh's gross domestic product. If Dhaka were a sovereign nation, it would rank as the 50th largest economy in the world and fifth largest economy in South Asia, ahead of Myanmar, Nepal, Bhutan, Maldives, Afghanistan and behind India, Bangladesh, Pakistan and Sri Lanka.
Sedimentation in reservoirs effects the turbidity of the reservoir, and erosion patterns along the river. It also presents a cost to the government who has to dredge the rivers of its sediments. In Bangladesh, the government has to remove 0.8 million cubic meters of maintenance dredging and 2 million cubic meters of capital dredging per year.
Bangladesh is known for its vulnerability to climate change and more specifically to natural disasters. It is important to mention the fact that the location of the country is vulnerable for the presence for three powerful rivers, Asian rivers, Brahmaputra, Ganges and the Meghna along with their numerous tributaries that could result massive floods.
The urban population rose to 20% in 1991 and to 24% by 2001. In 2011, Bangladesh had an urban population of 28% and the rate of urban population growth was estimated at 2.8%. [3] At this growth rate, Bangladesh's urban population would reach 79 million or 42% of the population by 2035.