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Economy

 

Bangladesh is an agricultural country, with some three-fifths of the population engaged in farming. Jute and tea are principal sources of foreign exchange. Other important agricultural products are wheat, pulses (leguminous plants, such as peas, beans, and lentils), sweet potatoes, oilseeds of various kinds, sugarcane, tobacco, and fruits such as bananas, mangoes, and pineapples.

Agriculture has in the past been wholly dependent upon the vagaries of the monsoon. A poor monsoon has always meant poor harvests and the threat of famine. Among the remedial measures adopted has been the construction of a number of irrigation projects designed to control floods and to conserve rainwater for use in the dry months. The most important are the Karnaphuli Multipurpose Project in the southeast, the Tista Barrage Project in the north, and the Ganges-Kabadak Project, to serve the southwestern part of the country. Economic planning has encouraged double and triple cropping, intercropping, and the increased use of fertilizers.

 

Economy of Bangladesh at a glance

GDP: purchasing power parity—$175.5 billion (1998 est.)

GDP—real growth rate: 4% (1998 est.)

GDP—per capita: purchasing power parity—$1,380 (1998 est.)

GDP—composition by sector:
agriculture: 30%
industry: 17%
services: 53% (1997)

Population below poverty line: 35.6% (1995-96 est.)

Household income or consumption by percentage share:
lowest 10%: 4.1%
highest 10%: 23.7% (1992)

Inflation rate (consumer prices): 7% (1998)

Labor force: 56 million
note: extensive export of labor to Saudi Arabia, Kuwait, UAE, and Oman (1996)

Labor force—by occupation: agriculture 65%, services 25%, industry and mining 10% (1996)

Unemployment rate: 35.2% (1996)

Industries: jute manufacturing, cotton textiles, food processing, steel, fertilizer

Industrial production growth rate: 3.6% (1997)

Electricity—production: 11.5 billion kWh (1997)

Electricity—production by source:
fossil fuel: 97.35%
hydro: 2.65%
nuclear: 0%
other: 0% (1996)

Electricity—consumption: 11.3 billion kWh (1996)

Electricity—exports: 0 kWh (1996)

Electricity—imports: 0 kWh (1996)

Agriculture—products: rice, jute, tea, wheat, sugarcane, potatoes; beef, milk, poultry

Exports—commodities: garments, jute and jute goods, leather, frozen fish and seafood

Exports—partners: Western Europe 42%, US 30%, Hong Kong 4%, Japan 3% (FY95/96 est.)

Imports—commodities: capital goods, textiles, food, petroleum products

Imports—partners: India 21%, China 10%, Western Europe 8%, Hong Kong 7%, Singapore 6% (FY95/96 est.)

Debt—external: $16.7 billion (1997)

Economic aid—recipient: $1.475 billion (FY96/97)

Currency: 1 taka (Tk) = 100 poisha

Exchange rates: taka (Tk) per US$1

Fiscal year: 1 July—30 June

 

 

 

Courtesy/Content/Copy -Bangla2000

 
Bangladesh is a independent country located in South Asia . The capital is Dhaka . Bengali is the official language. Due to political exclusion, ethnic and linguistic discrimination, and economic neglect by the West Pakistan , grew agitation led to the Bangladesh Liberation War in 1971, which succeeded after Pakistan surrendered to Freedom Fighters of Bangladesh, and her ally an Indian Brigade in Dhaka .

Bangladesh is a parliamentary democracy country with an elected parliament called the Jatiyo Sangshad (National Assembly). It is the ninth most populous country and among the most densely populated countries in the world. The country straddles the fertile Ganges-Brahmaputra Delta and is subject to annual monsoon floods and cyclones.

Bangladesh is a founding member of the South Asian Association for Regional Cooperation (SAARC), the D-8 and BIMSTEC, and a member of the Commonwealth of Nations , the Organization of Islamic Cooperation and the Non-Aligned Movement.

Official Name: The People's
Government: Parliamentary form of government. The President is head of the state, while the government is headed by the Prime Minister.

Geographical Location: Latitude between 20°34' and 26°38' North. Longitude between 88°01' and 92°41' East.

Area: 143,998 sq km (55,598 sq miles)

land: 130,168 sq km water: 13,830 sq km

Boundaries: North - India (West Bengal and Meghalaya)

West - India (West Bengal)

East - India (Tripura and Assam, Myanmar)

South - Bay of Bengal

Capital City: Dhaka

Other Major Cities: Chittagong, Rajshahi, Khulna, Sylhet, Barisal.

Division: 6 Nos.

City Corporation: 6 Nos.

Districts: 64 Nos.

Upzilla: 476 Nos.

Police Station: 574 nos.

Standard Time: GMT + 6 Hours

Climate Variations: Winter 11°C - 20°C (Dec-Feb), Summer 21°C - 34°C (April - June)

Average Rainfall: 203 CM

Humidity: Highest 99% (July), Lowest 36% (Dec & Jan)

Population: 164.4 million (2010)

Literacy Rate: 62.66%

Life expectancy : 67 years (men), 69 years (women)

Average Income: 1000 USD

Language: The national language is Bangla, which is spoken by 95%, 5% other dialects, English is widely spoken.

National Days: 21 February : International Mother Language Day and Language Martyrs Day

26 March : Independence Day

14 April : Bangla New Year's Day

01 May : May Day

07 November : National Solidarity Day

16 December : Victory Day

Principal Crops: Rice, Jute, Tea, Tobacco, Wheat, Sugarcane, etc.

Principal Rivers : Padma, Jamuna, Brahmaputra, Meghna, Karnaphuli, Shitalakhya, Teesta, Surma, etc.

Religion: Muslims 88.35 %, Hindus 10.5 %, Buddhists 0.6%, Christians 0.3% and others 0.3%

Principal Exports: Raw Jute and products, Tea, Leather and Leather goods, Garments, Frozen Shrimps, Ceramics, Vegetables, Software, Medicine, etc.

Principal Imports: Foods, Oil, Industrial Raw Materials, Machineries Parts, Chemical, etc.

Working Hours: The official working hours in Bangladesh is from 9:00 AM to 5:00 PM on Saturday to Wednesday and 9:00 AM to 1:00 PM on Thursday. Friday is a weekly holiday. Banks transact their business from 9:00 AM to 3:00 PM on Saturday to Wednesday and from 9:00 AM to 12:00 noon on Thursday.

Principal Industries: Jute, Garments, Tea, Fertilizer, Cement, Leather and Leather goods, Fishing, etc.

Currency: Taka having a denomination of 500, 100, 20, 10, 5, 2 and 1.
Exchange Rate: US$ 1.00 = Tk. 70,

Monetary unit : 1 taka = 100 paisa

Best Tourist Season: October - March

Internet domain : .com.bd, .bd

International dialling code : +880       

People's Republic of Bangladesh
  • গণপ্রজাতন্ত্রী বাংলাদেশ
  • Gônoprojatontri Bangladesh
Flag Emblem

Anthem: 


Amar Shonar Bangla
My Golden Bangla

 

Bangladesh

From Wikipedia, the free encyclopedia

officially the People's Republic of Bangladesh (Bengali: গণপ্রজাতন্ত্রী বাংলাদেশ Gônoprojatontri Bangladesh) is a sovereign state located in South Asia. It is bordered by India and Myanmar and by the Bay of Bengal to the south. The capital (and largest city) is Dhaka, located in central Bangladesh. The official state language is Bengali. The name Bangladesh means "Country of Bengal" in the official Bengali language.
The borders of present-day Bangladesh were established with the
partition of Bengal during the reign and demise of the British India. Its map was chartered by Sir Cyril Radcliffe during the creation of Pakistan and India in 1947, when the region became East Pakistan, part of the newly formed nation of Pakistan. Due to political exclusion and economic exploitation by the politically dominant West Pakistan, popular agitation grew against West Pakistan and led to the Bangladesh Liberation War in 1971, after the Bangladeshi Declaration of Independence on 26 March 1971. With the direct and indirect help of India, 9 months of war come to an end on 16 December 1971 by the surrender of the Pakistan Army at Race Course, just after 10 days of direct action of the Indian Army. After independence, the new state endured an inept and corrupt administration, nationalising all aspects of life, that resulted in famines, poverty, widespread corruption, as well as political turmoil and unrest in the civil and military administration. The restoration of order in late 1975 brought back confidence and hope back into the lives of the citizens and the country.[citation needed] Since 1991 has been followed by relative calm and economic progress.

Bangladesh is a parliamentary democracy, with an elected parliament called the Jatiyo Sangshad. It is the ninth-most populous country and among the most densely populated countries in the world. Just like in the rest of South Asia the poverty rate prevails, although the United Nations has acclaimed Bangladesh for achieving tremendous progress in human development.[6][7] Geographically, the country straddles the fertile Ganges-Brahmaputra Delta and is subject to annual monsoon floods and cyclones.

The country is listed among the Next Eleven economies. It is a founding member of the South Asian Association for Regional Cooperation, the D-8 and BIMSTEC, and a member of the Commonwealth of Nations, the Organisation of Islamic Cooperation and the Non-Aligned Movement. However, Bangladesh continues to face a number of major challenges, including widespread political and bureaucratic corruption, widespread poverty, and an increasing danger of hydrologic shocks brought on by ecological vulnerability to climate change.[8][9]