More importantly, 29.8% of young people in Bangladesh are not involved in education, employment or training. Therefore, any incident related to the contents or services must be resolved between the user and Export Entreprises S.A.; with no involvement or responsibility from Nordea Bank Abp or any of its subsidiaries, © 2016. 2391 0 obj <> endobj October 20, 2020. Nordea Trade offers a set-content, database and tools provided and managed by Export Entreprises.

Economic Indicators. Up to date economic information worldwide, live quotes for financial products and foreign exchange trading platform. 2316 0 obj <> endobj endstream endobj startxref Bangladesh economy maintained an average annual growth rate of close to 7 percent over the last decade, with 8.15% outturn and per capita GDP of USD 1828 in FY19

%%EOF For the international outlook you can consult the latest travel updates available on the IATA website. %PDF-1.6 %���� The post-pandemic global economic recovery and the private consumption boosted by strong remittance flows from the Bangladeshi diaspora around the world are expected to be the key drivers of growth in 2021.In 2019, the general government gross debt remained relatively low - at around 34.6% of GDP - as a result of a tight fiscal policy. That movement, led by the Awami League (AL) and supported by India, won the independence war for Bangladesh in 1971. GDP Growth Rate in Bangladesh averaged 5.69 percent from 1994 until 2016, reaching an all time high of 7.11 percent in 2016 and a record low of 4.08 percent in 1994. For a general overview of international SME support policy responses to the COVID-19 outbreak refer to the World Bank's Map of SME-Support Measures in Response to COVID-19.

Partition in 1947 resulted in an eastern wing of Pakistan in the Muslim-majority area, which became East Pakistan.

), 2% of total installed capacity (2015 est. Public debt ratio to GDP is consequently anticipated to increase to 35.9% by 2021. Inflation moderated to 5.7% in 2019 and is expected to remain stable in 2020 (5.5%) and in 2021 (5.6%), despite the COVID-19 pandemic. Bangladesh recorded one of the fastest growth rates in the world in the past few years with a stable economic performance that has helped to reduce poverty and social inequalities. For all solutions offered by All rights reserved. Because of rounding, the sum of the percentages may be smaller/greater than 100%. Economic statistics. The sector... Continue reading For the latest forecasts on the economic impacts caused by the coronavirus pandemic, please consult the OECD Economic Outlook Interim Report Coronavirus: the world economy at risk (March 2020) and the IMF's policy tracking platform Policy Responses to COVID-19 for the key economic responses from governments. A new VAT law was introduced at the start of the fiscal year 2019-20 in an attempt to increase tax income; however, its impact has been limited since the launch. endstream endobj 2317 0 obj <. Discover how Nordea can help you to expand your business abroad, Nordea and the Nordea logo are registered trademarks. residency requirement for naturalization: President Abdul HAMID (since 24 April 2013); note - Abdul HAMID served as acting president following the death of Zillur RAHMAN in March 2013; HAMID was subsequently indirectly elected by the National Parliament and sworn in 24 April 2013, Prime Minister Sheikh HASINA (since 6 January 2009), Cabinet selected by the prime minister, appointed by the president, president indirectly elected by the National Parliament for a 5-year term (eligible for a second term); election last held on 7 February 2018 (next to be held by 2023); the president appoints as prime minister the majority party leader in the National Parliament, President Abdul HAMID (AL) reelected by the National Parliament unopposed for a second term; Sheikh HASINA reappointed prime minister as leader of the majority AL party, unicameral House of the Nation or Jatiya Sangsad (350 seats; 300 members in single-seat territorial constituencies directly elected by simple majority popular vote; 50 members - reserved for women only - indirectly elected by the elected members by proportional representation vote using the single transferable vote method; all members serve 5-year terms), last held on 5 January 2014 (next to be held by January 2019); note - the 5 January 2014 poll was marred by widespread violence, boycotts, general strikes, and low voter turnout, percent of vote by party - AL 79.1%, JP (Ershad) 11.3%, WP 2.1%, JSD 1.8%, other 1%, independent 4.8%; seats by party - AL 234, JP 34, WP 6, JSD 5, other 5, independent 15; 1 seat repolled, Supreme Court of Bangladesh (organized into the Appellate Division with 7 justices and the High Court Division with 99 justices), chief justice and justices appointed by the president; justices serve until retirement at age 67, subordinate courts: civil courts include: Assistant Judge's Court; Joint District Judge's Court; Additional District Judge's Court; District Judge's Court; criminal courts include: Court of Sessions; Court of Metropolitan Sessions; Metropolitan Magistrate Courts; Magistrate Court; special courts/tribunals, associations of madrassa teachers; business associations, including those intended to promote international trade; development and advocacy NGOs associated with the Grameen Bank; environmentalists; Islamist groups; labor rights advocacy groups; NGOs focused on poverty alleviation, and international trade; religious leaders; tribal groups and advocacy organizations; union leaders, Ambassador Mohammad ZIAUDDIN (since 18 September 2014), 3510 International Drive NW, Washington, DC 20008, Ambassador Marcia BERNICAT (since 4 February 2015), adopted 1971; Rabindranath TAGORE, a Nobel laureate, also wrote India's national anthem, extensive migration of labor to Saudi Arabia, Kuwait, UAE, Oman, Qatar, and Malaysia (2017 est.

Economic growth slumped to an over 10-year low in FY 2020 (July 2019–June 2020), as the pandemic hammered both domestic activity and the external sector. ), bacterial and protozoal diarrhea, hepatitis A and E, and typhoid fever, dengue fever and malaria are high risks in some locations, the name - a compound of the Bengali words "Bangla" (Bengal) and "desh" (country) - means "Country of Bengal", UTC+6 (11 hours ahead of Washington, DC, during Standard Time), previous 1935, 1956, 1962 (pre-independence); latest enacted 4 November 1972, effective 16 December 1972, suspended March 1982, restored November 1986, proposed by the House of the Nation; approval requires at least a two-thirds majority vote by the House membership, assented to by the president of the republic, and approved in a referendum by a majority of voters; amended many times, last in 2014 (2017), at least one parent must be a citizen of Bangladesh. Bangladesh: Selected Indicators .

}}, Economic freedom in the world (interactive map)

Key Country Indicators > Country summaries.

Latest Available Data. Financial situation of the banking sector remains weak due to a large share of non-performing loans and an increase in restructured loans. Garment exports, the backbone of Bangladesh's industrial sector, accounted for more than 80% of total exports and surpassed $28 billion in FY 2016-17. Bangladesh: Selected Indicators . G���}B��*nq1� Eventually the area known as Bengal, primarily Hindu in the western section and mostly Muslim in the eastern half, became part of British India. Economic Indicators for Bangladesh including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Bangladesh economy.

h�bbd```b``� "�H�O �u X�,bfG�H�m ����Z"كA$K����V�6S,�[�$eA�� ����'�|�!�C��L�*���`c��U�/f`bd�|6���&���> �e� Powered by Export-Entreprises.com. Source: Find more information about your business sector on our service Market reports.

. Bangladesh's economy has grown roughly 6% per year since 2005 despite prolonged periods of political instability, poor infrastructure, endemic corruption, insufficient power supplies, and slow implementation of economic reforms. Calls for greater autonomy and animosity between the eastern and western wings of Pakistan led to a Bengali independence movement. Key Country Indicators. Bangladesh reached the lower middle-income country status in 2015. p� �s������*c�vδ�FCK�^/�F�i.ڳvS�*_����/��NO����dڪ?�, Although more than half of GDP is generated through the services sector, almost half of Bangladeshis are employed in the agriculture sector, with rice as the single-most-important product. Europeans established trading posts in the area in the 16th century. The Economic freedom index measure ten components of economic freedom, grouped into four broad categories or pillars of economic freedom: Rule of Law (property rights, freedom from corruption); Limited Government (fiscal freedom, government spending); Regulatory Efficiency (business freedom, labour freedom, monetary freedom); and Open Markets (trade freedom, investment freedom, financial freedom).

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