Bangladesh

Description of Bangladesh

Bangladesh, a country rich in culture and history, is a prominent nation in South Asia known for its vibrant traditions and resilient spirit. With a population exceeding 160 million, it stands as one of the most densely populated countries in the world. Situated at the delta of the Ganges and Brahmaputra rivers, Bangladesh grapples with both the beauty and challenges of its geographical location, including susceptibility to natural disasters such as cyclones and floods. As Bangladesh continues to navigate its path towards economic development and sustainability, exploring the intricate interactions between its macroeconomic statistics and geopolitical landscape becomes imperative.

Population And Age Structure

1. Population, total: Bangladesh has a total population of 167,420,951, which is significantly higher (rank 8 out of 194 countries) than the average population of 40,097,746.6.

2. Population ages 0-14 (% of total population): With 26.98% of its population in the 0-14 age group, Bangladesh falls slightly below the average of 27.34% (rank 92 out of 194 countries).

3. Population ages 0-14, total: The total number of individuals aged 0-14 in Bangladesh is 45,173,820, notably exceeding the average of 10,327,379.98 (rank 8 out of 194 countries).

4. Population ages 15-64 (% of total population): Bangladesh has 67.38% of its population aged 15-64, higher than the average of 63.44% (rank 47 out of 194 countries).

5. Population ages 15-64, total: The total population in Bangladesh aged 15-64 is 112,816,371, well above the average of 26,003,407.49 (rank 7 out of 194 countries).

6. Population ages 65 and above (% of total population): With 5.63% of its population aged 65 and above, Bangladesh is below the average of 9.22% (rank 109 out of 194 countries).

7. Population ages 65 and above, total: Bangladesh has 9,430,760 individuals aged 65 and above, surpassing the average of 3,766,959.08 (rank 15 out of 194 countries).

Summary

Bangladesh has a high total population, with a significant number of individuals falling in the age group of 0-14 as well as 15-64. The country also has a relatively lower percentage of individuals aged 65 and above compared to the global average. These demographic indicators are crucial as they impact various aspects of the economy such as labor force composition, healthcare needs, and social security requirements, influencing policy decisions related to education, healthcare, and retirement planning.

Population Miscellaneous

Rural population in Bangladesh is 103,504,655, significantly higher than the average of 18,044,041. The country ranks 5th out of 190 countries in this attribute.

Rural population (% of total population) in Bangladesh is 61.823%, exceeding the average of 41.158%. Bangladesh ranks 44th out of 190 countries.

Urban population in Bangladesh is 63,916,296, much higher than the average of 22,425,747. Bangladesh ranks 13th out of 194 countries.

Urban population (% of total population) in Bangladesh is 38.177%, lower than the average of 59.691%. The country ranks 151st out of 194 countries.

Age dependency ratio (% of working-age population) in Bangladesh is 48.401%, below the average of 59.219%. The country ranks 148th out of 194 countries.

Birth rate, crude (per 1,000 people) in Bangladesh is 18.053, slightly below the average of 19.384. Bangladesh ranks 89th out of 192 countries.

Death rate, crude (per 1,000 people) in Bangladesh is 5.816, lower than the average of 8.214. The country ranks 159th out of 192 countries.

Fertility rate, total (births per woman) in Bangladesh is 2.003, lower than the average of 2.603. Bangladesh ranks 103rd out of 190 countries.

Summary

Bangladesh has a significantly higher rural population compared to the global average, ranking 5th worldwide. However, its urban population is also notably higher, ranking 13th globally. Despite having a lower urban population percentage than the average, the country excels in birth and death rates, with a lower crude death rate than average.

These indicators are crucial as they highlight Bangladesh's demographic structure, showing a balance between rural and urban populations. The lower death rate and fertility rate are positive signs for the country's potential demographic dividend, indicating a healthier and potentially more economically productive population.

Military

Analysis of key military statistics for Bangladesh:

1. Military expenditure (current USD): Bangladesh's military expenditure is $4.65 billion, which is below the average of $12.9 billion. Bangladesh ranks 41 out of 149 countries in this category.

2. Military expenditure (% of GDP): Bangladesh's military expenditure is 1.24% of its GDP, lower than the average of 1.90%. Bangladesh ranks 101 out of 148 countries in this category.

3. Arms imports (SIPRI trend indicator values): Bangladesh's arms imports amount to $59 million, well below the average of $205.52 million. Bangladesh ranks 51 out of 113 countries in this category.

4. Armed forces personnel, total: Bangladesh has 227,000 armed forces personnel, higher than the average of 165,908. Bangladesh ranks 29 out of 164 countries in this category.

5. Armed forces personnel (% of total labor force): Bangladesh's armed forces personnel constitute 0.32% of its total labor force, significantly lower than the average of 1.28%. Bangladesh ranks 143 out of 164 countries in this category.

Summary

Bangladesh's military expenditure is relatively low both in absolute terms and as a percentage of its GDP compared to global averages. Despite having a higher number of armed forces personnel than average, they constitute a smaller percentage of the total labor force. This indicates that Bangladesh is prioritizing efficiency in military spending and personnel deployment. These indicators are crucial as they reflect Bangladesh's strategic choices in defense allocation and manpower utilization within the broader context of its economic development.

Natural Resources

1. Forest area (sq. km): Bangladesh has a forest area of 18834 sq. km. This is below the average forest area of 211606.11 sq. km, ranking 112 out of 191 countries.

2. Land area (sq. km): Bangladesh's land area of 130170 sq. km is significantly below the average of 665166.51 sq. km, placing it at rank 94 out of 194 countries.

3. Surface area (sq. km): With a surface area of 147570 sq. km, Bangladesh falls below the average surface area of 689779.56 sq. km, ranking 92 out of 194 countries.

4. Arable land (hectares): Bangladesh's arable land spans 8000000 hectares, exceeding the average of 7329543.16 hectares. It holds the 31st rank out of 190 countries in this aspect.

5. Land under cereal production (hectares): Bangladesh's land under cereal production reaches 12232598 hectares, well above the average of 4206011.63 hectares, ranking 15 out of 174 countries.

6. Average precipitation in depth (mm per year): Bangladesh experiences an average precipitation depth of 2666 mm per year, surpassing the average of 1157.83 mm per year, placing it at the 10th rank out of 178 countries.

7. Renewable internal freshwater resources, total (billion cubic meters): Bangladesh possesses 105 billion cubic meters of renewable internal freshwater resources, below the average of 240.41 billion cubic meters, ranking 57 out of 178 countries.

Summary

Bangladesh has a relatively small forest area, land area, and surface area compared to global averages, ranking below 50th place. However, it excels in arable land and land under cereal production, ranking within the top 31 and 15 countries, respectively. Additionally, Bangladesh experiences high levels of precipitation but lags behind in renewable internal freshwater resources. These indicators are crucial as they reflect Bangladesh's agricultural potential, natural resource management, and water security, which are pivotal for the country's economic development and sustainability.

Resource Rents

Total natural resources rents (% of GDP): Bangladesh's value is 0.56%, lower than the average of 4.63%. This places Bangladesh at rank 117 out of 175 countries in the dataset.

Coal rents (% of GDP): Bangladesh's value is 0.007%, significantly below the average of 0.40%. This places Bangladesh at rank 46 out of 65 countries in the dataset.

Forest rents (% of GDP): Bangladesh's value is 0.08%, much lower than the average of 1.53%. This places Bangladesh at rank 121 out of 174 countries in the dataset.

Oil rents (% of GDP): Bangladesh's value is 0.016%, well below the average of 2.51%. This places Bangladesh at rank 87 out of 117 countries in the dataset.

Natural gas rents (% of GDP): Bangladesh's value is 0.46%, below the average of 1.25%. This places Bangladesh at rank 31 out of 96 countries in the dataset.

Summary

In terms of natural resources rents, Bangladesh falls below the global averages across various key resources like coal, forests, oil, and natural gas. This indicates a lower contribution of these resources to Bangladesh's GDP compared to the average of other countries in the dataset. Such lower resource rents highlight a potential limitation in leveraging natural assets for economic development and may necessitate diversification efforts to reduce dependency on these specific resources.

Commodities

- In terms of Cereal production, Bangladesh's value of 59,962,356.15 metric tons is significantly above the average of 17,249,945.93 metric tons, ranking 10th out of 174 countries in the dataset.

- For Aquaculture production, Bangladesh's production of 2,583,866 metric tons is well above the average of 679,642.92 metric tons, placing it 5th out of 180 countries.

- Regarding Capture fisheries production, Bangladesh's output of 1,919,505 metric tons exceeds the average of 467,453.06 metric tons, ranking 12th out of 190 countries.

- In Total fisheries production, Bangladesh's 4,503,371 metric tons is notably higher than the average of 1,153,914.85 metric tons, placing it 8th out of 182 countries.

- Lastly, for Fertilizer consumption, Bangladesh's rate of 320.91 kilograms per hectare of arable land is above the average of 159.04 kilograms per hectare, ranking 20th out of 187 countries in the dataset.

Summary

Bangladesh is a standout performer in agricultural and fisheries production, with metrics well above global averages, positioning the country within the top 10-20 ranks globally. Particularly noteworthy is Bangladesh's high fertilizer consumption rate, indicating a proactive approach towards enhancing agricultural productivity. These indicators are crucial as they showcase Bangladesh's significant contributions to food production on a global scale and its efforts to ensure food security and economic development within the country.

Intellectual Property

1. Industrial design applications, nonresident, by count: Bangladesh's value of 79 is well below the average of 1415.83, ranking 79 out of 112 countries in the dataset.

2. Industrial design applications, resident, by count: With a value of 1162, Bangladesh exceeds the average of 9799.58, placing it at rank 27 out of 113 countries.

3. Patent applications, nonresidents: Bangladesh's 362 applications fall below the average of 6538.40, ranking the country 47 out of 129 countries.

4. Patent applications, residents: Bangladesh's 40 applications are significantly lower than the average of 19037.56, positioning it at rank 82 out of 117 countries.

5. Trademark applications, nonresident, by count: Bangladesh's 3909 applications are below the average of 15878.93, ranking 78 out of 130 countries.

6. Trademark applications, resident, by count: With 9782 applications, Bangladesh falls short of the average of 111055.78, placing it at rank 49 out of 129 countries.

7. Scientific and technical journal articles: Bangladesh's 4927.32 articles are below the average of 15103.76, ranking the country 54 out of 192 countries.

8. Charges for the use of intellectual property, payments (BoP, current US$): Bangladesh's payment amount of $64,723,020.59 is significantly lower than the average of $3,218,843,494.39, positioning the country at rank 78 out of 143 countries.

9. Charges for the use of intellectual property, receipts (BoP, current US$): Bangladesh's receipt amount of $4,193,734.33 is well below the average of $3,191,687,117.58, placing it at rank 78 out of 122 countries.

Summary

Bangladesh ranks below average in most key macroeconomic indicators related to intellectual property such as industrial design and patent applications, trademark applications, scientific and technical journal articles, and charges for the use of intellectual property. The country's lower rankings may indicate a need for increased innovation, research and development efforts, as well as stronger protection and utilization of intellectual property rights to enhance economic growth and competitiveness in the global market.

Broad Economy Attributes

When looking at GDP (current US$), Bangladesh's value is $373.90 billion, which is below the average of $442.87 billion. Bangladesh ranks 31 out of 189 countries in this dataset.

In terms of GDP, PPP (current international $), Bangladesh's value is $988.55 billion, surpassing the average of $734.14 billion. It ranks 27 out of 181 countries included in the data.

For GDP per capita (current US$), Bangladesh's value is $2233.31, significantly lower than the average of $15462.11. The country ranks 139 out of 190 countries in this aspect.

When considering GDP per capita, PPP (current international $), Bangladesh's value is $5904.57, below the average of $21251.89. It holds the 127th position out of 181 countries.

Turning to GNI (current US$), Bangladesh's value stands at $389.38 billion, below the average of $452.04 billion. The country holds the 28th rank out of 185 countries in this category.

In the case of GNI, PPP (current international $), Bangladesh's value is $1029.47 billion, surpassing the average of $730.70 billion. It ranks 26th out of 181 countries.

Lastly, for GNI per capita, PPP (current international $), Bangladesh's value is $6150, which is lower than the average of $20615.75. The country ranks 129 out of 181 countries in this metric.

Summary

Bangladesh's GDP and GNI values are generally below the global averages, indicating some economic challenges compared to other countries in the dataset. However, it performs relatively better in terms of GDP PPP. The lower GDP per capita and GNI per capita compared to the averages suggest that there might be income disparities and potential areas for further economic development and social welfare improvements in Bangladesh.

Broad Value Added

The Gross value added at basic prices (GVA) in Bangladesh is $360,526,064,065.107, slightly above the average of $360,070,943,595.1235. Bangladesh ranks 28th out of 176 countries in this attribute.

Agriculture, forestry, and fishing value added as a percentage of GDP in Bangladesh is 11.99%, which is higher than the average of 10.86%. Bangladesh ranks 64th out of 182 countries in this category.

The Agriculture, forestry, and fishing value added in current US dollars for Bangladesh is $44,867,092,907.886, significantly higher than the average of $19,924,732,828.067. Bangladesh ranks 11th out of 182 countries in this attribute.

Services value added as a percentage of GDP in Bangladesh is 51.51%, below the average of 56.72%. Bangladesh ranks 128th out of 183 countries in this category.

Services value added in current US dollars for Bangladesh is $192,601,929,547.372, below the average of $295,837,711,130.694. Bangladesh ranks 37th out of 183 countries in this attribute.

Industry (including construction) value added in current US dollars for Bangladesh is $123,057,053,403.125, slightly above the average of $118,421,095,413.502. Bangladesh ranks 27th out of 183 countries in this attribute.

Summary

In summary, Bangladesh performs above average in agriculture, forestry, and fishing value added indicators, ranking significantly high globally. However, the country lags behind in services value added as a percentage of GDP, indicating potential for growth in the service sector. Understanding these indicators is crucial for policymakers as it highlights areas of strength and opportunities for diversification and improvement in the economy.

Manufacturing Value Added

Manufacturing, value added (current US$): Bangladesh's value is $77,017,614,542.75, which is $810,434,953.09 above the average. Bangladesh ranks 24 out of 173 countries in this attribute.

Manufacturing, value added (% of GDP): Bangladesh's value is 20.60%, which is 8.70% above the average. Bangladesh ranks 15 out of 173 countries in this attribute.

Medium and high-tech manufacturing value added (% manufacturing value added): Bangladesh's value is 7.81%, which is 16.68% below the average. Bangladesh ranks 123 out of 149 countries in this attribute.

Chemicals (% of value added in manufacturing): Bangladesh's value is 3.07%, which is 8.49% below the average. Bangladesh ranks 83 out of 89 countries in this attribute.

Food, beverages and tobacco (% of value added in manufacturing): Bangladesh's value is 15.42%, which is 9.09% below the average. Bangladesh ranks 60 out of 92 countries in this attribute.

Machinery and transport equipment (% of value added in manufacturing): Bangladesh's value is 3.58%, which is 13.27% below the average. Bangladesh ranks 78 out of 93 countries in this attribute.

Textiles and clothing (% of value added in manufacturing): Bangladesh's value is 56.81%, which is 50.47% above the average. Bangladesh ranks 1 out of 93 countries in this attribute.

Other manufacturing (% of value added in manufacturing): Bangladesh's value is 21.12%, which is 21.01% below the average. Bangladesh ranks 91 out of 94 countries in this attribute.

Summary

Bangladesh demonstrates a strong presence in the manufacturing sector, with notable strengths in textiles and clothing, where it leads globally. However, there are areas for improvement such as in medium and high-tech manufacturing, chemicals, and machinery and transport equipment, where Bangladesh lags behind the global average. These indicators are crucial as they reflect Bangladesh's industrial structure, competitiveness, and potential for economic diversification and technological advancement.

Money

1. Inflation, consumer prices (annual %): In Bangladesh, the inflation rate is 5.69%, which is below the average of 8.26%. This places Bangladesh at rank 28 out of 165 countries in the dataset.

2. Inflation, GDP deflator (annual %): The inflation rate based on the GDP deflator in Bangladesh is 3.84%, lower than the average of 6.90%. Bangladesh ranks 65 out of 188 countries in this attribute data.

3. Broad money growth (annual %): Bangladesh experiences a broad money growth rate of 13.08%, below the average of 18.03%. This positions Bangladesh at rank 73 out of 139 countries in the dataset.

4. Broad money (% of GDP): The broad money as a percentage of GDP in Bangladesh is 57.76%, which is below the average of 71.75%. Bangladesh ranks 79 out of 139 countries in this attribute data.

5. Broad money to total reserves ratio: Bangladesh has a ratio of 5.00, lower than the average of 5.17. This places Bangladesh at rank 25 out of 126 countries included in the data for this attribute.

Summary

Bangladesh displays moderate inflation rates, with figures below the global averages for both consumer prices and GDP deflator. The country also demonstrates steady yet slightly lower growth in broad money metrics compared to the average. While these statistics position Bangladesh at rankings below the dataset averages, they indicate relative stability in the economy, which can be attractive to investors seeking consistent returns in the long term.

Consumption Expenditure

Final consumption expenditure (current US$): Bangladesh's final consumption expenditure is $272.66 billion, which is below the average of $381.63 billion. Bangladesh ranks 32 out of 159 countries in this data set.

Final consumption expenditure (% of GDP): Bangladesh's final consumption expenditure is 72.92% of GDP, lower than the average of 82.37%. The country ranks 117 out of 159 countries in this indicator.

General government final consumption expenditure (current US$): Bangladesh has a general government final consumption expenditure of $22.32 billion, significantly below the average of $93.68 billion. In this measure, Bangladesh ranks 58 out of 158 countries.

General government final consumption expenditure (% of GDP): Bangladesh's general government final consumption expenditure is 5.97% of GDP, well below the average of 18.71%. The country ranks 156 out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): Bangladesh's household and NPISHs final consumption expenditure is $250.33 billion, slightly below the average of $290.13 billion. Bangladesh ranks 27 out of 158 countries in this category.

Households and NPISHs final consumption expenditure (% of GDP): Bangladesh's household and NPISHs final consumption expenditure is 66.95% of GDP, above the average of 63.68%. The country ranks 65 out of 158 countries in this aspect.

Summary

Bangladesh exhibits a pattern of lower final consumption expenditure in both absolute terms and as a percentage of GDP compared to the average of the countries in the dataset. This is particularly notable in general government final consumption expenditure, where Bangladesh's spending is significantly below average, indicating potential limitations in public sector investment and services. The higher household and NPISHs final consumption expenditure as a percentage of GDP suggests a relatively larger contribution from private consumption to the economy, which could reflect on the country's economic structure and growth dynamics.

Equities

In Listed domestic companies, total, Bangladesh has 628 companies, which is slightly below the average of 636.625. This places Bangladesh at rank 14 out of 72 countries in the dataset.

The total value of Stocks traded in Bangladesh is $14,920,160,000, significantly lower than the average of $1,379,501,958,120.91. This ranks Bangladesh 33rd out of 71 countries.

Stocks traded as a percentage of GDP in Bangladesh is 3.99%, well below the average of 31.65%. This places Bangladesh at rank 35 out of 71 countries.

The Market capitalization of listed domestic companies in Bangladesh is $89,773,660,000, far from the average of $1,196,037,851,618.88. Bangladesh ranks 33rd out of 73 countries in this aspect.

Market capitalization of listed domestic companies as a percentage of GDP for Bangladesh is 24.01%, considerably lower than the average of 71.24%. Bangladesh is ranked 48th out of 73 countries in this metric.

The S&P Global Equity Indices for Bangladesh show an annual % change of 23.55%, significantly above the average of 2.06%. This ranks Bangladesh 10th out of 79 countries included in the dataset.

Summary

Bangladesh's performance in key macroeconomic indicators reflects a mixed picture. While the number of listed domestic companies and the value of stocks traded are below average, the country demonstrates strong growth potential as seen in the high annual % change in S&P Global Equity Indices. However, Bangladesh lags behind in terms of market capitalization metrics, indicating room for growth and development in its capital markets.

These findings are important as they provide insights into the depth and efficiency of Bangladesh's financial markets, its attractiveness to investors, and its overall economic development trajectory. Addressing the gaps highlighted in market capitalization and stock trading could potentially lead to increased investment, economic growth, and integration into the global financial system.

Investment

Foreign direct investment, net (BoP, current US$): Bangladesh recorded a value of -1520504558.52071, which is above the average of -1615235980.5053596. This places Bangladesh at rank 123 out of 169 countries in the dataset.

Foreign direct investment, net inflows (BoP, current US$): With a value of 1525312160.40493, Bangladesh surpasses the average of 5749271080.145696, ranking 60 out of 182 countries.

Foreign direct investment, net inflows (% of GDP): Bangladesh's value of 0.407944154674021 is below the average of 2.609379547494923. This places Bangladesh at rank 141 out of 178 countries.

Foreign direct investment, net outflows (BoP, current US$): Bangladesh's value of 4807601.88421795 is far below the average of 5707991116.068991. The country ranks 101 out of 156 countries in this aspect.

Foreign direct investment, net outflows (% of GDP): Bangladesh's value of 0.0012857912875656 is significantly below the average of 1.00435052368164. This places Bangladesh at rank 116 out of 155 countries.

Portfolio Investment, net (BoP, current US$): Bangladesh recorded a value of 190108974.503728, which is below the average of 679559169.5717607. Bangladesh ranks 56 out of 159 countries in this category.

Portfolio investment, bonds (PPG + PNG) (NFL, current US$): With a value of 167460000, Bangladesh is far below the average of 4134263915.254237, placing it at rank 32 out of 59 countries.

Portfolio equity, net inflows (BoP, current US$): Bangladesh's value of -354516607.340144 is significantly below the average of 9197145994.702154. This puts Bangladesh at rank 100 out of 125 countries.

Summary

Bangladesh exhibits mixed performance in terms of foreign direct investment and portfolio investment. While the country ranks relatively low in net FDI inflows and outflows as a percentage of GDP, it surpasses the average in terms of net FDI inflows in US dollars. However, Bangladesh falls short in portfolio investment, including bonds and equity. These statistics are crucial as they provide insights into the country's attractiveness to foreign investors and its level of integration into the global financial market.

Debt

For Total debt service (% of GNI), Bangladesh has a value of 1.04 which is below the average of 5.98. This places Bangladesh at a rank of 106 out of 120 countries in the dataset.

Public and publicly guaranteed debt service (% of GNI) for Bangladesh stands at 0.52, also below the average of 2.84. This places Bangladesh at a rank of 107 out of 120 countries.

External debt stocks (% of GNI) in Bangladesh are at 18.89, significantly below the average of 65.42. Bangladesh ranks 109 out of 120 countries for this attribute.

Debt service on external debt, total (TDS, current US$) for Bangladesh is $4,047,043,812, which is below the average of $9,811,195,839.23. Bangladesh ranks 32 out of 123 countries.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) for Bangladesh is $2,014,023,225.20, below the average of $3,310,612,057.60. Bangladesh ranks 33 out of 123 countries.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) stand at $54,830,387,715.70 for Bangladesh, significantly above the average of $28,695,879,144.98. This puts Bangladesh at a rank of 17 out of 123 countries.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$) in Bangladesh are $5,625,101,000, well below the average of $33,734,699,285.22. Bangladesh ranks 44 out of 91 countries for this attribute.

External debt stocks, total (DOD, current US$) for Bangladesh amount to $73,550,857,817.10, just slightly below the average of $73,845,530,111.82. This places Bangladesh at a rank of 22 out of 123 countries.

Summary

Bangladesh performs relatively well in terms of debt service indicators compared to the global average, ranking in the lower half or even lower third of countries for most debt-related statistics. The country's lower debt service ratios and external debt stocks indicate a moderate debt burden compared to its peers. These indicators are crucial for assessing the country's financial health, economic stability, and ability to meet its debt obligations without excessive strain on its economy.

Broad Trade Attributes

Trade (% of GDP): Bangladesh's trade as a percentage of GDP stands at 26.27%, significantly below the average of 82.34%. With a rank of 159 out of 163 countries, Bangladesh has a limited trade impact on its GDP compared to other nations.

Merchandise trade (% of GDP): Bangladesh's merchandise trade as a percentage of GDP is 23.11%, below the average of 60.01%. Ranked 176 out of 186 countries, Bangladesh has relatively lower merchandise trade activities compared to its peers.

Trade in services (% of GDP): Bangladesh's trade in services as a percentage of GDP is 3.73%, notably lower than the average of 24.63%. With a rank of 171 out of 171 countries, Bangladesh's services trade contributes less to its GDP compared to the global average.

External balance on goods and services (current US$): Bangladesh's external balance on goods and services is at -20,137,890,989.40 USD, significantly below the average of 3,405,509,011.13 USD. Ranked 156 out of 163 countries, Bangladesh faces a substantial deficit in its trade balance with other nations.

External balance on goods and services (% of GDP): Bangladesh's external balance as a percentage of GDP is -5.39%, slightly better than the average of -5.97%. With a rank of 93 out of 163 countries, Bangladesh's GDP is less impacted by the balance of goods and services compared to other nations.

Summary

Bangladesh's trade indicators, including trade, merchandise trade, and trade in services as percentages of GDP, are notably lower than global averages, indicating a limited impact of international trade on its economy. The country also faces a significant deficit in its external balance on goods and services, ranking lower than most nations. These findings are crucial as they highlight Bangladesh's relative position in the global trade landscape, showcasing areas where the country may need to focus on strengthening its trade relationships and improving its trade balance to enhance economic growth and sustainability.

Net Trade

Analysis of macroeconomic statistics for Bangladesh:

1. Current account balance (BoP, current US$): Bangladesh's current account balance is $1,192,771,686.33, which is below the average of $1,443,864,831.49. Bangladesh ranks 41 out of 170 countries in this attribute.

2. Current account balance (% of GDP): Bangladesh's current account balance as a percentage of GDP is 0.32%, higher than the average of -2.36%. The country ranks 64 out of 170 countries in this category.

3. Net trade in goods and services (BoP, current US$): Bangladesh has a net trade deficit of -$18,300,384,906.63, significantly below the average of $2,604,730,003.57. Bangladesh ranks 163 out of 171 countries in this attribute.

4. Net primary income (BoP, current US$): Bangladesh's net primary income is -$2,841,165,938.13, well below the average of -$903,807,529.74. The country ranks 128 out of 170 countries in this category.

5. Net secondary income (BoP, current US$): Bangladesh's net secondary income is $22,334,322,531.09, substantially higher than the average of -$269,227,340.40. Bangladesh ranks 6 out of 170 countries in this attribute.

6. Net trade in goods (BoP, current US$): Bangladesh's net trade in goods stands at -$16,393,590,452.69, far below the average of $1,302,831,005.68. The country ranks 159 out of 171 countries in this category.

7. Net capital account (BoP, current US$): Bangladesh's net capital account is $213,456,649.75, above the average of $136,543,824.05. Bangladesh ranks 46 out of 159 countries in this attribute.

8. Net financial account (BoP, current US$): Bangladesh's net financial account is $544,542,994.64, higher than the average of -$469,840,994.63. The country ranks 50 out of 170 countries in this category.

Summary

In summary, Bangladesh generally performs well in terms of its current account balance as a percentage of GDP and its net secondary income, ranking higher than the global average in these areas. However, the country faces challenges in areas such as net trade in goods and net primary income, where it performs below the average. These statistics are crucial as they reflect Bangladesh's economic position in the global market, its trade relationships, and its ability to generate income from primary sources.

Broad Export Attributes

1. Bangladesh's Exports of goods, services and primary income (BoP, current US$) amount to $38,693,585,662.60, ranking 59th out of 170 countries. This value is significantly below the attribute average of $146,238,908,936.30.

2. The country's Exports of goods and services (BoP, current US$) stand at $38,475,972,659.63, placing Bangladesh 57th out of 170 countries. This figure is notably lower than the attribute average of $122,938,540,059.78.

3. Bangladesh's Exports of goods and services (current US$) amount to $39,045,814,081.15, ranking 57th out of 163 countries. This value is considerably lower than the attribute average of $129,596,864,610.19.

4. With Exports of goods and services (% of GDP) at 10.44%, Bangladesh ranks 150th out of 163 countries. This percentage is significantly lower than the attribute average of 38.19%.

5. Bangladesh's Goods exports (BoP, current US$) total $32,456,147,196.75, placing the country 54th out of 171 countries. This value is notably below the attribute average of $93,310,581,697.39.

6. International tourism, receipts (% of total exports) for Bangladesh is at 0.57%, ranking the country 115th out of 120 countries. This percentage is significantly below the attribute average of 9.74%.

Summary

Bangladesh's exports of goods, services, and primary income are relatively low compared to other countries, ranking between 54th to 59th out of 170-171 countries in various categories. The export values, as a percentage of GDP and in absolute terms, are notably below the global average, indicating a potential area for growth and development in the country's economy.

Merchandise Exports

- Bangladesh's Merchandise exports amounted to $33,605,000,000, ranking 55th out of 187 countries. This value is below the attribute average of $89,542,711,229.95.
- The percentage of Merchandise exports by Bangladesh, residual to the total, stands at 15.21%, putting it in 8th place out of 166 countries. This figure is significantly above the attribute average of 3.20%.

Summary

Bangladesh's merchandise exports totaled $33.6 billion, positioning it as the 55th largest exporter out of 187 countries. Despite ranking lower than the global average of $89.5 billion, Bangladesh's export percentage relative to its total trade volume is notably high at 15.21%, placing it in the top 8 globally compared to an average of 3.20%. These indicators demonstrate Bangladesh's strong export orientation, indicating a significant reliance on international trade for economic growth and the potential for further expansion in global markets.

Technology Exports

Medium and high-tech exports (% of manufactured exports) in Bangladesh are at 1.87%, significantly below the average of 34.29%. This places Bangladesh at rank 141 out of 149 countries in this attribute.

Summary

Bangladesh has a relatively low percentage of medium and high-tech exports compared to the global average, ranking 141 out of 149 countries. This indicates a potential lack of technological advancement in the country's manufacturing sector, which could hinder its competitiveness in the global market and limit its potential for economic growth and diversification.

Service Exports

Analysis of Key Stats for Service Exports in Bangladesh:

1. Service exports (BoP, current US$): Bangladesh's value of $6,019,825,462.88 for service exports is below the attribute average of $28,917,292,503.82. Bangladesh ranks 63 out of 171 countries in this category.

2. ICT service exports (BoP, current US$): Bangladesh's value of $405,083,022.25 for ICT service exports is significantly below the average of $4,578,501,153.77. Bangladesh ranks 67 out of 166 countries.

3. ICT service exports (% of service exports, BoP): Bangladesh's percentage of 6.73% for ICT service exports is below the average of 11.75%. The country ranks 100 out of 166 countries.

4. Communications, computer, etc. (% of service exports, BoP): Bangladesh's percentage of 83.32% for communications, computer, etc. services is above the average of 45.85%. The country ranks 11 out of 169 countries.

5. Transport services (% of service exports, BoP): Bangladesh's percentage of 11.39% for transport services is below the average of 21.80%. It ranks 109 out of 169 countries.

6. Travel services (% of service exports, BoP): Bangladesh's percentage of 3.61% for travel services is below the average of 26.40%. The country ranks 153 out of 167 countries in this category.

7. Insurance and financial services (% of service exports, BoP): Bangladesh's percentage of 1.69% for insurance and financial services is below the average of 6.46%. The country ranks 120 out of 161 countries.

Summary

In analyzing key statistics for service exports in Bangladesh, it is evident that the country's performance is below the global average in most categories. Particularly striking is the significant gap in ICT service exports, where Bangladesh ranks low compared to other nations. These findings emphasize the need for Bangladesh to focus on diversifying and strengthening its service export sectors, especially in ICT services, to enhance its competitiveness and expand its global market presence.

Commercial Service Exports

Analysis of key statistics for commercial service exports in Bangladesh:

Summary

In analyzing key statistics for commercial service exports in Bangladesh, it is evident that the country performs below average in terms of the total value of commercial service exports, particularly in travel services and insurance/financial services. However, Bangladesh excels in the export of computer, communications, and other services. The distribution and composition of these exports reflect the country's strengths and weaknesses in different service sectors, which can guide policymakers in identifying areas for improvement and growth to enhance the country's economic development and international competitiveness.

Broad Import Attributes

1. Imports of goods and services (current US$): Bangladesh's value of $59,183,705,070.55 is significantly below the average of $126,191,355,599.06. Bangladesh ranks 47th out of 163 countries in this attribute data.

2. Imports of goods and services (% of GDP): Bangladesh's value of 15.83% is below the average of 44.15%. This places Bangladesh at 156th out of 163 countries for this statistic.

3. International tourism, expenditures (% of total imports): With a value of 1.16%, Bangladesh falls below the average of 3.98%. Bangladesh ranks 116th out of 131 countries in this metric.

4. Goods imports (BoP, current US$): Bangladesh's value of $48,849,737,649.44 is notably below the average of $92,007,788,027.17. In this attribute, Bangladesh ranks 46th out of 171 countries.

5. Imports of goods and services (BoP, current US$): At $56,776,357,566.26, Bangladesh's value is lower than the average of $120,321,577,988.12. The country ranks 48th out of 170 countries for this indicator.

6. Imports of goods, services and primary income (BoP, current US$): Bangladesh's value of $59,835,136,507.36 is well below the average of $144,514,428,722.28. Bangladesh ranks 51st out of 170 countries in this category.

Summary

Bangladesh's key macroeconomic indicators for imports of goods and services paint a picture of the country's relatively low levels of international trade compared to the global average. With values consistently below the average across various metrics, such as the total value of imports and their contribution to the GDP, Bangladesh's ranking among other countries is also noteworthy, being positioned in the lower half for most indicators. These findings are crucial as they indicate the country's economic dependence on imports and its standing in the global trade landscape, highlighting areas for potential growth and development in international commerce.

Merchandise Imports

Analysis of Merchandise imports (current US$): In Bangladesh, the merchandise imports amount to $52,804,000,000. This is below the average of $89,385,605,263.16. Bangladesh ranks 47th out of 190 countries in terms of merchandise imports.

Analysis of Merchandise imports by the reporting economy, residual (% of total merchandise imports): In Bangladesh, the value for this attribute is at 6.12%, higher than the average of 2.51%. Bangladesh is ranked 22nd out of 180 countries in this aspect.

Summary

Bangladesh's merchandise imports amount to $52,804,000,000, ranking 47th globally, below the average of $89,385,605,263.16. Additionally, the country's merchandise imports by the reporting economy, residual (% of total merchandise imports), at 6.12%, is higher than the global average of 2.51%, placing Bangladesh 22nd worldwide in this category.

These statistics are crucial as they highlight Bangladesh's position in global trade. The lower than average merchandise imports show room for potential growth in trade partnerships, while the higher residual percentage signifies a significant portion of imports originating from domestic sources, indicating a level of economic self-sufficiency.

Service Imports

1. Service imports in Bangladesh amount to $7,926,619,916.82. This is below the average service imports of $27,615,356,170.47. Bangladesh is ranked 60 out of 171 countries in this attribute.

2. Communications, computer, etc. (% of service imports, BoP) in Bangladesh is 23.50%. This is below the average of 44.40%. Bangladesh is ranked 142 out of 169 countries in this attribute.

3. Transport services (% of service imports, BoP) in Bangladesh constitute 63.92% of its service imports. This is above the average of 32.90%. Bangladesh is ranked 9 out of 169 countries in this attribute.

4. Travel services (% of service imports, BoP) in Bangladesh stand at 4.97%. This is below the average of 14.14%. Bangladesh is ranked 139 out of 169 countries in this attribute.

5. Insurance and financial services (% of service imports, BoP) in Bangladesh make up 7.61% of its service imports. This is below the average of 8.53%. Bangladesh is ranked 78 out of 169 countries in this attribute.

Summary

In analyzing key macroeconomic indicators for Bangladesh, it is evident that the country's service imports are below the global average across various sectors such as communications, transport, travel, and insurance/financial services. Despite performing well above average in transport services, Bangladesh lags behind in other service import categories. These findings are crucial as they shed light on Bangladesh's reliance on specific service sectors for imports and highlight potential areas for improvement and diversification to enhance economic stability and competitiveness in the global market.

Commercial Service Imports

Commercial service imports in Bangladesh are at $7.57 billion, which is below the average of $27.10 billion, ranking 60th out of 171 countries.

Computer, communications and other services represent 19.94% of Bangladesh's commercial service imports, below the average of 41.71%, placing the country 139th out of 169.

Insurance and financial services account for 7.96% of Bangladesh's commercial service imports, slightly below the average of 8.85%, ranking 77th out of 169 countries.

Transport services form a significant 66.89% of Bangladesh's commercial service imports, well above the average of 34.71%, placing the country 10th out of 169.

Travel services, at 5.20% of Bangladesh's commercial service imports, are below the average of 14.73%, ranking 136th out of 169 countries.

Summary

Bangladesh has a relatively low total commercial service imports compared to the global average, ranking 60th out of 171 countries. The country heavily relies on transport services, accounting for a significant 66.89% of the total, which is well above the average and highlights the importance of the transportation sector in driving Bangladesh's international trade. Additionally, the low representation of computer, communications, and travel services in the country's commercial imports shows potential areas for growth and diversification in the future.

Infrastructure

For Air transport, freight (million ton-km), Bangladesh's value of 117.79 million ton-km is below the average of 1384.37 million ton-km, ranking at 47 out of 126 countries.

Regarding Air transport, registered carrier departures worldwide, Bangladesh's value of 42827.89 departures is notably below the average of 134365.61 departures, placing it at the 47th rank out of 149 countries.

Concerning Air transport, passengers carried, Bangladesh's value of 2984121.69 passengers is below the average of 11848242.70 passengers, ranking at 50 out of 149 countries.

For Container port traffic (TEU: 20 foot equivalent units), Bangladesh's value of 2897709 TEU is below the average of 6907110.27 TEU, ranking at 41 out of 110 countries.

Summary

Bangladesh falls below average in key macroeconomic indicators related to air transport and container port traffic. The country ranks lower than average in air freight, registered carrier departures, passengers carried, and container port traffic when compared to a global scale. These findings are vital as they highlight areas where Bangladesh may need to enhance infrastructure, efficiency, and competitiveness to keep pace with international standards and improve its connectivity and trade relations with other nations.

Information Technology Infrastructure

1. Bangladesh has 23,085 secure internet servers, which is significantly below the average of 458,294 for 193 countries, placing Bangladesh at rank 58.

2. For secure internet servers per 1 million people, Bangladesh has 137.89 servers, below the average of 14,067.17. Bangladesh ranks 127 out of 193 countries.

3. 32.87% of individuals in Bangladesh use the internet, lower than the average of 64.77% for 180 countries. Bangladesh ranks 148 out of 180 countries.

4. Bangladesh has 10,052,819 fixed broadband subscriptions, surpassing the average of 6,591,956. Bangladesh ranks 19 out of 185 countries.

5. With 176,279,465 mobile cellular subscriptions, Bangladesh far exceeds the average of 42,526,463. Bangladesh ranks 9 out of 193 countries.

Summary

Bangladesh lags behind global averages in secure internet servers, internet usage, and fixed broadband subscriptions per capita. However, the country excels in mobile cellular subscriptions, far surpassing the average. These indicators are crucial as they highlight Bangladesh's strengths and weaknesses in digital infrastructure and connectivity, emphasizing the need for further investment and development in the telecommunications sector to enhance overall connectivity and technological advancement.

Energy Consumption

Regarding Renewable energy consumption, Bangladesh lags behind the global average with 27.96% of total final energy consumption coming from renewable sources, which is 4.22% lower than the average. In a pool of 191 countries, Bangladesh ranks 85th in this aspect.

As for CO2 emissions, Bangladesh performs better with 85,493.1 kt of emissions, significantly below the average of 171,895.94 kt. This places Bangladesh at a higher rank of 40 out of 188 countries in terms of CO2 emissions.

Summary

Bangladesh has a lower percentage of renewable energy consumption compared to the global average, ranking 85th out of 191 countries. However, the country excels in CO2 emissions with significantly lower emissions than the global average, placing it at 40th out of 188 countries. These indicators are crucial for Bangladesh's sustainable development goals and its commitment to environmental conservation, influencing its global standing and potential partnerships.

Government Balance Sheet

1. Net acquisition of financial assets (% of GDP): Bangladesh's value of 3.35% is above the average of 2.45%. It ranks 25th out of 87 countries.

2. Net incurrence of liabilities, total (% of GDP): Bangladesh's value of 7.29% is below the average of 7.43%. It ranks 43rd out of 92 countries.

3. Total reserves (% of total external debt): Bangladesh's value of 58.70% is below the average of 66.13%. It ranks 29th out of 102 countries.

4. Reserves and related items (BoP, current US$): Bangladesh's value of $9.28 billion is significantly above the average of $1.92 billion. It ranks 12th out of 171 countries.

5. Total reserves minus gold (current US$): Bangladesh's value of $42.32 billion is below the average of $74.22 billion. It ranks 39th out of 161 countries.

6. Total reserves (includes gold, current US$): Bangladesh's value of $43.17 billion is below the average of $85.71 billion. It ranks 40th out of 161 countries.

7. Total reserves in months of imports: Bangladesh's value of 8.66 months is above the average of 7.10 months. It ranks 39th out of 151 countries.

Summary

Bangladesh performs above average in terms of net acquisition of financial assets and total reserves (% of total external debt), indicating a strong financial position. However, it lags behind in net incurrence of liabilities and total reserves minus gold, suggesting room for improvement in managing liabilities and strengthening gold reserves. The country's high ranking in reserves and related items (BoP) reflects its ability to manage balance of payments effectively.

These indicators are crucial for assessing Bangladesh's financial stability, resilience to external shocks, and ability to meet its international payment obligations. They provide insights into the country's economic health, fiscal management, and capacity to address potential economic challenges in the global landscape.

Government Revenue

1. Revenue, excluding grants (% of GDP): Bangladesh's value is 8.64% of GDP, which is below the average of 27.02%. The country ranks 119 out of 122 countries in this attribute.

2. Grants and other revenue (% of revenue): Bangladesh's value is 19.71% of revenue, below the average of 23.54%. The country ranks 43 out of 108 countries in this attribute.

3. Taxes on goods and services (% of revenue): Bangladesh's value is 42.85% of revenue, above the average of 31.82%. The country ranks 20 out of 122 countries in this attribute.

4. Taxes on international trade (% of revenue): Bangladesh's value is 8.61% of revenue, above the average of 6.24%. The country ranks 28 out of 101 countries in this attribute.

5. Other taxes (% of revenue): Bangladesh's value is 1.56% of revenue, below the average of 2.12%. The country ranks 45 out of 106 countries in this attribute.

6. Taxes on income, profits and capital gains (% of revenue): Bangladesh's value is 27.28% of revenue, above the average of 24.66%. The country ranks 47 out of 119 countries in this attribute.

Summary

Bangladesh's revenue composition is characterized by a lower reliance on grants and higher taxes on goods and services, international trade, and income, profits, and capital gains compared to the global average. This strategic shift in revenue generation, where taxes play a significant role, reflects a more sustainable approach to financing governmental operations and investments. Achieving a balance in revenue sources can enhance economic stability and reduce dependency on external aid, fostering greater fiscal autonomy and self-reliance for Bangladesh.

Taxes

1. Tax revenue (% of GDP): Bangladesh's tax revenue is 7.00% of its GDP, which is below the average of 16.72%. With a rank of 119 out of 123 countries, Bangladesh has a lower tax revenue compared to most countries in the dataset.

2. Taxes on exports (% of tax revenue): Bangladesh's reliance on taxes from exports is minimal at 0.03%, significantly lower than the average of 2.54%. Ranked 22 out of 36 countries, Bangladesh's focus on export taxes is relatively low compared to other nations in the dataset.

3. Customs and other import duties (% of tax revenue): Bangladesh's collection from duties is 10.69% of its tax revenue, above the average of 9.01%. Ranked 29 out of 99 countries, Bangladesh relies relatively more on import duties compared to other nations in the dataset.

4. Taxes on income, profits and capital gains (% of total taxes): In Bangladesh, taxes on income, profits, and capital gains contribute to 33.98% of total taxes, below the average of 38.40%. Ranked 73 out of 120 countries, Bangladesh places less emphasis on these taxes compared to the average country in the dataset.

5. Tariff rate, applied, weighted mean, all products (%): Bangladesh's applied tariff rate of 10.99% is higher than the average of 5.21%. With a rank of 20 out of 153 countries, Bangladesh's tariffs on products are relatively high compared to the average across all countries.

Summary

Bangladesh exhibits lower than average tax revenue as a percentage of GDP, with a focus on customs and import duties compared to taxes on exports and income. This suggests a heavy reliance on import-related revenue streams and a comparatively smaller emphasis on export and income-related taxes. Understanding these trends is important for policymakers as it indicates the country's fiscal priorities and can impact its economic development strategies and trade relationships.

Government Expenses

1. Expense (% of GDP): Bangladesh's expense as a percentage of GDP is 8.15%, which is below the average of 31.69%. Bangladesh ranks 121 out of 123 countries in this attribute data.

2. Compensation of employees (% of expense): Bangladesh's compensation of employees as a percentage of expense is 22.44%, slightly below the average of 24.70%. The country ranks 62 out of 123 countries in this attribute data.

3. Goods and services expense (% of expense): Bangladesh's goods and services expense as a percentage of overall expense is 15.42%, slightly above the average of 14.77%. The country ranks 48 out of 122 countries in this attribute data.

4. Interest payments (% of expense): Bangladesh's interest payments as a percentage of expense is 22.57%, significantly above the average of 6.85%. The country ranks 4 out of 121 countries in this attribute data.

5. Other expense (% of expense): Bangladesh's other expenses as a percentage of overall expense is 3.57%, below the average of 8.29%. The country ranks 91 out of 120 countries in this attribute data.

6. Subsidies and other transfers (% of expense): Bangladesh's subsidies and other transfers as a percentage of expense is 36.00%, below the average of 43.29%. The country ranks 74 out of 121 countries in this attribute data.

Summary

The analysis of key macroeconomic indicators for Bangladesh reveals that the country has a relatively low expense as a percentage of GDP, ranking 121 out of 123 countries. Bangladesh also has high interest payments as a percentage of expense, ranking 4 out of 121 countries. These findings are crucial as they highlight Bangladesh's fiscal management, showing areas where the country's expenditures deviate from the global average and may impact its overall economic health and policy priorities.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Population, total 8/194
Population ages 0-14, total 8/194
Population ages 15-64, total 7/194
Population ages 65 and above, total 15/194
Rural population 5/190
Urban population 13/194
Land under cereal production (hectares) 15/174
Average precipitation in depth (mm per year) 10/178
Cereal production (metric tons) 10/174
Aquaculture production (metric tons) 5/180
Capture fisheries production (metric tons) 12/190
Total fisheries production (metric tons) 8/182
Agriculture, forestry, and fishing, value added (current US$) 11/182
Manufacturing, value added (% of GDP) 15/173
Textiles and clothing (% of value added in manufacturing) 1/93
Net secondary income (BoP, current US$) 6/170
Merchandise exports by the reporting economy, residual (% of total merchandise exports) 8/166
Communications, computer, etc. (% of service exports, BoP) 11/169
Transport services (% of service imports, BoP) 9/169
Transport services (% of commercial service imports) 10/169
Mobile cellular subscriptions 9/193
Reserves and related items (BoP, current US$) 12/171
Interest payments (% of expense) 4/121

Ranks in Bottom Decile For:

Attribute Rank/Total
Chemicals (% of value added in manufacturing) 83/89
Other manufacturing (% of value added in manufacturing) 91/94
General government final consumption expenditure (% of GDP) 156/158
External debt stocks (% of GNI) 109/120
Trade (% of GDP) 159/163
Merchandise trade (% of GDP) 176/186
Trade in services (% of GDP) 171/171
External balance on goods and services (current US$) 156/163
Net trade in goods and services (BoP, current US$) 163/171
Net trade in goods (BoP, current US$) 159/171
Exports of goods and services (% of GDP) 150/163
International tourism, receipts (% of total exports) 115/120
Medium and high-tech exports (% manufactured exports) 141/149
Travel services (% of service exports, BoP) 153/167
Imports of goods and services (% of GDP) 156/163
Revenue, excluding grants (% of GDP) 119/122
Tax revenue (% of GDP) 119/123
Expense (% of GDP) 121/123