Economy of Bangladesh

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The total labor force of Bangladesh is 66,642,270 people, wherein 4.6% of population in the country are unemployed. The total number of unemployed people in Bangladesh is 7,652,935.

Bangladesh is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Bangladesh may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Every year, Bangladesh exports about US$26.91 billion and imports about US$32.94 billion. 4.6% of the country's population is unemployed. The total number of unemployed in Bangladesh is 7,652,935. In Bangladesh, 31.5% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Bangladesh is quite high, but nothing to worry about in terms of investments. Potential lenders should look at other economic indicators, including GDP, the rate of urbanization and the strength of the currency, before making investment decisions. Government spending on education is 2.4% of GDP. The country's Gini index is 32.1. Bangladesh is experiencing good equality. The majority of Bangladeshi citizens fall within a narrow income bracket, although some cases can show significant disparities. Bangladesh has a Human Development Index (HDI) of 0.558. Bangladesh has an upper middle HDI score. This indicates that the majority of citizens will be able to lead a worthwhile life, although some citizens will not be able to achieve a high standard of living. The Global Peace Index (GPI) for Bangladesh is 1.997. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Bangladesh is very safe in international comparison. The Strength Rights Index for Bangladesh is 6. Overall, it is considered to be fairly adequate " bankruptcy and collateral laws can at least adequately protect the rights of borrowers and lenders; Credit reports are usually sufficient and generally available.

Currency
The currency of Bangladesh is Bangladeshi taka. The plural form of the word Bangladeshi taka is takas. The symbol used for this currency is #2547;, and it is abbreviated as BDT. The Bangladeshi taka is divided into Poisha; there are 100 in one taka.

Credit rating
According to the SP credit-rating agency, Bangladesh has a credit rating score of BB-, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Bangladesh has a credit rating score of Ba3, and the prospects of this rating are stable.

Central bank
The prime lending rate of Bangladesh's commercial banks is 13. In Bangladesh, the institution that manages the state's currency, money supply, and interest rates is called Bangladesh Bank. Locally, the central bank of Bangladesh is called #2476;#2494;#2434;#2482;#2494;#2470;#2503;#2486; #2476;#2509;#2479;#2494;#2434;#2453;. The average deposit interest rate offered by local banks in Bangladesh is 9.1%.

Public debt
Bangladesh has a government debt of 29.9% of the country's Gross Domestic Product (GDP), as assessed in 2012.

Tax information
The corporate tax in Bangladesh is set at 27.5%. Personal income tax ranges from 0% to 25%, depending on your specific situation and income level. VAT in Bangladesh is 15%.

Finances
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Bangladesh is US$572.44 billion. The gross domestic product (GDP) per capita calculated as purchasing power parity (PPP) in Bangladesh was last seen at $0 million. PPP in Bangladesh is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Bangladesh is 205 billion. Based on this statistic, Bangladesh is considered as a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. The gross domestic product (GDP) per capita in Bangladesh was recently 0 million dollars. The average citizen in Bangladesh has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as citizens find it difficult to obtain the training required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita. The annual GDP growth rate in Bangladesh averaged 6.2% in 2014. According to this percentage, Bangladesh is currently experiencing significant growth. Significant growth countries offer the best opportunities for a significant return on investment, as the GDP growth rate is the most important indicator of economic health. As GDP grows, so do businesses, jobs and personal income.

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