Economy
Gross National Product (GNP): US$15.6 billion in fiscal year (FY) 1986 at current prices; per capita GNP US$150; 4.5 percent real growth in FY 1987.
Agriculture: Large-scale subsistence farming, labor intensive, heavily dependent on monsoon rains. Main crops rice, jute, wheat, tea, and forestry products. Fisheries of increasing importance.
Industry: Jute manufactures, ready-made garments, cotton textiles, seafood processing, and pharmaceuticals.
Services: Substantial exported labor, primarily to Persian Gulf nations. As many as 450,000 Bangladeshis abroad in 1987; important source of foreign currency remittances.
Resources: Sufficient natural gas for country's nitrogenous fertilizer needs. Abundant proven coal reserves. Offshore and onshore reserves of petroleum. Hydroelectric power and thermal power sources. Biofuels widely used in rural areas.
Exports: Approximately US$819 million in FY 1986. Raw jute and jute manufactures, frozen seafood, ready-made garments, tea, and leather goods. United States, Japan, and Britain largest buyers.
Imports: Approximately US$2.4 billion in FY 1986. Food grains, fuels, raw cotton, fertilizer, and manufactured products. Singapore, Japan, and United States largest suppliers.
Balance of Payments: Has had negative trade balance since independence in 1971. Exports represented 30 percent, imports 70 percent of total annual trade in FY 1986.
Exchange Rate: 34.20 takas=US$1 (September 1988).
Fiscal Year: July 1 to June 30.
Gross National Product (GNP): US$15.6 billion in fiscal year (FY) 1986 at current prices; per capita GNP US$150; 4.5 percent real growth in FY 1987.
Agriculture: Large-scale subsistence farming, labor intensive, heavily dependent on monsoon rains. Main crops rice, jute, wheat, tea, and forestry products. Fisheries of increasing importance.
Industry: Jute manufactures, ready-made garments, cotton textiles, seafood processing, and pharmaceuticals.
Services: Substantial exported labor, primarily to Persian Gulf nations. As many as 450,000 Bangladeshis abroad in 1987; important source of foreign currency remittances.
Resources: Sufficient natural gas for country's nitrogenous fertilizer needs. Abundant proven coal reserves. Offshore and onshore reserves of petroleum. Hydroelectric power and thermal power sources. Biofuels widely used in rural areas.
Exports: Approximately US$819 million in FY 1986. Raw jute and jute manufactures, frozen seafood, ready-made garments, tea, and leather goods. United States, Japan, and Britain largest buyers.
Imports: Approximately US$2.4 billion in FY 1986. Food grains, fuels, raw cotton, fertilizer, and manufactured products. Singapore, Japan, and United States largest suppliers.
Balance of Payments: Has had negative trade balance since independence in 1971. Exports represented 30 percent, imports 70 percent of total annual trade in FY 1986.
Exchange Rate: 34.20 takas=US$1 (September 1988).
Fiscal Year: July 1 to June 30.
