Overview: The economy is based on the output of a narrow range of agricultural products, such as jute, which is the main cash crop and major source of export earnings. Bangladesh is hampered by a relative lack of natural resources, a rapid population growth of 2.8% a year and a limited infrastructure, and it is highly vulnerable to natural disasters. Despite these constraints, real GDP averaged about 3.8% annually during 1985-88. One of the poorest nations in the world, alleviation of poverty remains the cornerstone of the government's development strategy. The agricultural sector contributes over 50% to GDP and 75% to exports, and employs over 74% of the labor force. Industry accounts for about 10% of GDP.

GDP: $20.6 billion, per capita $180; real growth rate 2.1% (FY89 est.)

Inflation rate (consumer prices): 8-10% (FY89 est.)

Unemployment rate: 30% (FY88 est.)

Budget: revenues $1.8 billion; expenditures $3.3 billion, including capital expenditures of $1.7 billion (FY89)

Exports: $1.3 billion (f.o.b., FY89 est.); commodities--jute, tea, leather, shrimp, manufacturing; partners--US 25%, Western Europe 22%, Middle East 9%, Japan 8%, Eastern Europe 7%

Imports: $3.1 billion (c.i.f., FY89 est.); commodities--food, petroleum and other energy, nonfood consumer goods, semiprocessed goods, and capital equipment; partners--Western Europe 18%, Japan 14%, Middle East 9%, US 8%

External debt: $10.4 billion (December 1989)

Industrial production: growth rate 5.4% (FY89 est.)

Electricity: 1,700,000 kW capacity; 4,900 million kWh produced, 40 kWh per capita (1989)

Industries: jute manufacturing, food processing, cotton textiles, petroleum, urea fertilizer

Agriculture: accounts for about 50% of GDP and 74% of both employment and exports; imports 10% of food grain requirements; world's largest exporter of jute; commercial products--jute, rice, wheat, tea, sugarcane, potatoes, beef, milk, poultry; shortages include wheat, vegetable oils and cotton; fish catch 778,000 metric tons in 1986

Aid: US commitments, including Ex-Im (FY70-87), $3.2 billion; Western (non-US) countries, ODA and OOF bilateral commitments (1980-87), $9.5 billion; OPEC bilateral aid (1979-89), $652 million; Communist countries (1970-88), $1.5 billion

Currency: taka (plural--taka); 1 taka (Tk) = 100 paise

Exchange rates: taka (Tk) per US$1--32.270 (January 1990), 32.270 (1989), 31.733 (1988), 30.950 (1987), 30.407 (1986), 27.995 (1985)

Fiscal year: 1 July-30 June

NOTE: The information regarding Bangladesh on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bangladesh Economy 1990 information contained here. All suggestions for corrections of any errors about Bangladesh Economy 1990 should be addressed to the CIA.