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1994-05-02
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<text>
<title>
Bangladesh: Economy
</title>
<article><hdr>The World Factbook 1993: Bangladesh
Economy</hdr><body>
<p>Overview: Bangladesh is one of the world's poorest, most
densely populated, and least developed nations. Its economy is
overwhelmingly agricultural. Major impediments to growth include
frequent cyclones and floods, government interference with the
economy, a rapidly growing labor force that cannot be absorbed
by agriculture, a low level of industrialization, failure to
fully exploit energy resources (natural gas), and inefficient
and inadequate power supplies. An excellent rice crop and
expansion of the export garment industry helped growth in
FY91/92. Policy reforms intended to reduce government regulation
of private industry and promote public-sector efficiency have
been announced but are being implemented only slowly.
</p>
<p>National product: GDP - exchange rate conversion - $23.8
billion (FY92)
</p>
<p>National product real growth rate: 3.8% (FY92)
</p>
<p>National product per capita: $200 (FY92)
</p>
<p>Inflation rate (consumer prices): 5.09% (FY92)
</p>
<p>Unemployment rate: NA%
</p>
<p>Budget: revenues $2.5 billion; expenditures $3.7 billion,
including capital expenditures of $NA (FY92)
</p>
<list>
<l>Exports: $2.0 billion (FY92)</l>
<l> commodities: garments, jute and jute goods, leather,
shrimp</l>
<l> partners: US 28%, Western Europe 39% (FY91)</l>
<l>Imports: $3.4 billion (FY91/92)</l>
<l> commodities: capital goods, petroleum, food, textiles</l>
<l> partners: Japan 10.0%, Western Europe 17%, US 5.0%
(FY91)</l>
</list>
<p>External debt: $11.8 billion (FY92 est.)
</p>
<p>Industrial production: growth rate 4.0% (FY92 est.); accounts
for less than 10% of GDP
</p>
<p>Electricity: 2,400,000 kW capacity; 9,000 million kWh
produced, 75 kWh per capita (1992)
</p>
<p>Industries: jute manufacturing, cotton textiles, food
processing, steel, fertilizer
</p>
<p>Agriculture: accounts for about 40% of GDP, 60% of employment,
and one-fifth of 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, cotton;
fish catch 778,000 metric tons in 1986
</p>
<p>Illicit drugs: transit country for illegal drugs produced in
neighboring countries
</p>
<p>Economic aid: US commitments, including Ex-Im (FY70-89), $3.4
billion; Western (non-US) countries, ODA and OOF bilateral
commitments (1980-89), $11.65 million; OPEC bilateral aid
(1979-89), $6.52 million; Communist countries (1970-89), $1.5
billion
</p>
<p>Currency: 1 taka (Tk)=100 paise
</p>
<p>Exchange rates: taka (Tk) per US$1 - 39.000 (January 1993),
38.951 (1992), 36.596 (1991), 34.569 (1990), 32.270 (1989),
31.733 (1988)
</p>
<p>Fiscal year: 1 July-30 June
</p></body></article></text>