Bangladesh
emerged as one of the fastest growing economies in the world with most
remarkable and “fast-forward” success stories in recent years. Bangladesh’s
economy is ranked 121st in the 2019 Index. Bangladesh is ranked 27th among
43 countries in the Asia–Pacific region. Economic growth of approximately 6
percent annually for two decades has resulted by a rapid increase in private
consumption and fixed investment. The major factor for such a development is
Bangladesh’s remarkable progress in poverty reduction.
The combined
value of exports and imports is equal to 35.3 percent of GDP.
In the last
3 years, Bangladesh has seen a tremendous growth in the information and
communications technology (ICT) sector and also aims to raise its export
earnings to $5 billion by 2021.
Shipbuilding is
a growing industry in Bangladesh with great potential. Bangladesh also has the
world's largest ship breaking industry.
Bangladesh's
textile industry, which includes knitwear and ready-made garments is
the nation's number one export earner with 80% of Bangladesh's total exports of
$27 billion and is 2nd in world textile exports.
There are
currently 3 international airports in Bangladesh. The total length of railroad
in Bangladesh is 2,855 kilometres. The total length of roadways in Bangladesh
is 21,269 kilometres.