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Business By Countries

BANGLADESH
Bangladesh, Countries by TradeBangladesh, Countries by Trade

Introduction

Temptations are sometimes very good in life and must not be resisted.One may wonder what it is all about.We are talking about this Unique cultural learning opportunities and village homestays in the hilltribe regions.Sea beach & island holidays, mangrove forest & river cruises that can be customized and well adjusted to your needs and also your budget.Folks we are talking about the country of Bangladesh.Holidaying is all about enjoying and exploring the virgin lands that havenot been treaded.So Get off the beaten track, interact with indigenous and tribal folk to experience and learn about their unique completely nonviolent culture and lifestyle. These are 'people-meet-people' encounters at their very best. It has all the good tourist spots that one would like to discover and rediscover again and again.You can float down shimmering rivers in wooden country boats, trek through lush forests to discover hidden Mru villages on verdant hilltops.The citizens of this country are very inclined towards religion and strictly adhere to their culture and beliefs.


Business and Economy

Although this country of Bangladesh is very small comparitively, the industrial sector contributes significantly to export receipts; it also provides employment to the needy people in the country and a market for cash crops. Jute products are quite an attraction in the export scenario mainly burlap sacking and carpet backing for export .Also the cotton textiles industry that is very useful for the domestic consumption.Since the early years of 1980s the agriculture production of the ready-made garments for the US market has grown rapidly and quite immensely.Bangladesh is the fifth largest supplier of cotton apparel to the United States that is in a way very dependant from this country, and it has begun exporting to West European markets. Breaking up ships for scrap, using methods that are highly labor intensive, now meets most of Bangladesh's domestic steel needs.


Major Cities

Among the major cities of Bangladesh there are a lot that are worth visiting and seeing.The capital of the country is Dhaka, that has the maximum number of inhabitants with the population ranging from 3,368,940 inhabitants (1991); Chittagong, the leading port is a part of Bangladesh.Khulna, a rapidly growing center for small-scale industry contributes a lot to the economy of this country.Narayangang is the internal port for Dhaka that helps in the communication between places,and lastly there is Rajshahi that is located in a silk-producing area that is the main silk supply placde here.


Fact Sheet

GDP: purchasing power parity - $230 billion (2001 est.)
GDP - real growth rate: 5.6% (2001 est.)
GDP - per capita: purchasing power parity - $1,750 (2001 est.)
GDP - composition by sector: agriculture: 30%
industry: 18%
services: 52% (2000 est.)
Population below poverty line: 36%
Household income or consumption by percentage share:lowest 10%: 4%
highest 10%: 29%
Distribution of family income - Gini index: 34 (1995-96 )
Inflation rate (consumer prices): 5.8% (2000 est.)
Labor force: 64.1 million (1998)
Labor force - by occupation: agriculture 63%, services 26%, industry 11% (FY95/96)
Unemployment rate: 35% (2001 est.)
Industries: cotton textiles, jute, garments, tea processing, paper newsprint, cement, chemical fertilizer, light engineering, sugar
Industrial production growth rate: 6.2% (2001 est.)
Electricity - production: 13.493 billion kWh (2000)
Electricity - production by source: fossil fuel: 92%
Agriculture - products: rice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds, spices, fruit; beef, milk, poultry
Exports: $6.6 billion (2001)
Exports - commodities: garments, jute and jute goods, leather, frozen fish and seafood
Exports - partners: US 31.8%, Germany 10.9%, UK 7.9%, France 5.2%, Netherlands 5.2%, Italy 4.42% (2000)
Imports: $8.7 billion (2001)
Imports - commodities: machinery and equipment, chemicals, iron and steel, textiles, raw cotton, food, crude oil and petroleum products, cement
Imports - partners: India 10.5%, EU 9.5%, Japan 9.5%, Singapore 8.5%, China 7.4% (2000)
Debt - external: $17 billion (2000) (2000)
Fiscal year: 1 July - 30 June




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