Bangladesh: Economic Contexts

[Note: This information derives primarily from the 1995 edition of the CIA World Factbook.]

Overview: Despite sustained domestic and international efforts to improve economic and demographic prospects, Bangladesh remains one of the world's poorest, most densely populated, and least developed nations. Its economy is overwhelmingly agricultural, with the cultivation of rice the single most important activity in the economy. Major impediments to growth include frequent cyclones and floods, the inefficiency of state-owned enterprises, a rapidly growing labor force that cannot be absorbed by agriculture, delays in exploiting energy resources (natural gas), and inadequate power supplies. Excellent rice crops and expansion of the export garment industry led to real growth of 4% in 1992 and again in 1993. Policy measures intended to reduce government regulation of private industry, to curb population growth, and to expand employment opportunities have had only partial success given the serious nature of Bangladesh's basic problems.

Basic Information


Foreign Trade

Postcolonial Web India OV Bangladesh OV