Bangladesh has a total area of 144,000 square km, with 7% being water and the remaining land consisting of 75% for cultivation, 5% for pasture, and 9% for forests. The economy has grown between 5-6% annually since 1996, with nearly half the population employed in agriculture even as the service sector generates over half of GDP. While the economy was resilient during the 2008 recession, challenges include political instability, inadequate infrastructure and electricity, corruption, and slow economic reforms.
Socio economic changes in cooperatives in bangladesh
1.
2. Area : 144 000 Km2
Water : 7 %
Lands under cultivation :
75 %
Wild pasture lands : 5 %
Forests : 9 %
3. The economy has grown 5-6% per year since
1996.
Although more than half of GDP is generated
through the service sector, 45% of
Bangladeshis are employed in the agriculture
sector, with rice as the single-most-important
product.
Bangladesh's growth was resilient during the
2008-09 global financial crisis and recession.
Garment exports, totaling $12.3 billion in
FY09 and remittances from overseas
Bangladeshis, totaling $11 billion in FY10,
accounted for almost 25% of GDP.
4. political instability,
poor infrastructure,
corruption,
insufficient Electricity & Gas supplies
slow implementation of economic reforms.
Bangladesh remains a Emerging country but
overpopulated, and inefficiently-governed
nation.
5. GDP (purchasing power GDP - per capita (PPP)
parity) $1,700 (2010 est.)
$258.6 billion (2010 est.) $1,600 (2009 est.)
$243.9 billion (2009 est.) $1,500 (2008 est.)
$230.6 billion (2008 est.) note: data are in 2010
note: data are in 2010 US US dollars
dollars
GDP - composition by
GDP - real growth rate sector
6% (2010 est.) agriculture: 18.6%
5.8% (2009 est.) industry: 28.5%
6% (2008 est.) services: 53% (2010
est.)
6. Population below poverty note: about 40% of the
line population is
40% (2010 est.) underemployed; many
participants in the labor
Labor force
force work only a few
73.86 million hours a week, at low
Labor force - by wages
occupation
agriculture: 45% Unemployment, youth ages
industry: 30% 15-24
services: 25% (2008) total: 9.3%
Unemployment rate male: 8%
5.1% (2010 est.) female: 13.6% (2006)
5.1% (2009 est.)