Bangladesh's Economy
Geography: KS3, topic 20.2.3
Economic Resources
The rate of economic growth in Bangladesh has averaged at 6% every year since 1996.
GDP
- Since 2013, Bangladesh’s GDP per capita has been on the increase.
- It has risen from $956 to $1545 in 2017.
Economic growth
- The rate of economic growth has averaged at 6% every year since 1996.
- The service sector has been contributing towards 50% of GDP.
- Alongside the service sector, agriculture is key to supporting the country’s economic growth.
- Rice is one of the main export products.
Exports
- Other key exports include:
- Tea, potatoes, tobacco and fruit.
Natural resources
- The country has numerous natural resources including:
- Natural gas, oil, petroleum and timber.
- In terms of natural gas production, Bangladesh is the 7th largest producer in Asia.
Test yourself on Bangladesh's Economy
What percentages of GDP does the service sector contribute towards GDP?
What is NOT a key export for Bangladesh?