Bangladesh economy

 Bangladesh's Economy in every situation

The economy of Bangladesh is classified as a developing economy under the IMF classification system. Its GDP per capita was estimated at $1,845 (PPP) in 2011, making it the 156th largest economy in the world. In 2012, its nominal GDP grew by 6.9 percent over the previous year. However, the country's real GDP growth rate fell to 4.4 percent in 2013, due to low agricultural output. Agriculture accounts for about 60% of GDP and employs around 50% of the population.

Economic Growth

In recent years, Bangladesh has experienced rapid economic growth. Between 2000 and 2010, the average annual growth rate of GDP was 9.0%. In the same period, the average annual growth rates of exports, imports, and total factor productivity were 10.0%, 11.5%, and 8.2%, respectively. The government aims to achieve a 5-percent growth rate in 2014.

 Population

According to the UN World Population Prospects, Bangladesh's population reached 158 million in 2011. By 2050, the population is expected to reach 200 million people.

Poverty

About 40% of the Bangladeshi population lives below the poverty line. About half of the rural population is poor.

Human Development Index

The Human Development Index (HDI) is a composite statistic of three dimensions of human development: longevity, education, and income. According to the United Nations Development Programmed, the HDI value for Bangladesh is 0.521, ranking it 136 out of 187 countries.

Health Care

Health care spending in Bangladesh is relatively low compared to other countries. Only 1.4% of GDP is spent on healthcare, according to the WHO.

 Life Expectancy

Life expectancy in Bangladesh is 65.1 years for men and 68.1 years for women.