Member of: ADB, CCC, Colombo Plan, Commonwealth, ESCAP, FAO, G-77,
GATT, IAEA, IBRD, ICAO, IDA, IDB—Islamic Development Bank, IFAD, IFC,
ILO, IMF, IMO, INTELSAT, INTERPOL, IRC, ITU, NAM, OIC, SAARC, UN,
UNCTAD, UNESCO, UPU, WHO, WFTU, WMO, WTO
Diplomatic representation: Ambassador A. H. S. Ataul KARIM; Chancery at 2201 Wisconsin Avenue NW, Washington DC 20007; telephone (202) 342-8372 through 8376; there is a Bangladesh Consulate General in New York; US—Ambassador-designate William B. MILAM; Embassy at Diplomatic Enclave, Madani Avenue, Baridhara Model Town, Dhaka (mailing address is G. P. O. Box 323, Ramna, Dhaka); telephone [88] (2) 608170
Flag: green with a large red disk slightly to the hoist side of center; green is the traditional color of Islam
- Economy Overview: The economy is based on the output of a narrow range of agricultural products, such as jute, which is the main cash crop and major source of export earnings. Bangladesh is hampered by a relative lack of natural resources, a rapid population growth of 2.8% a year and a limited infrastructure, and it is highly vulnerable to natural disasters. Despite these constraints, real GDP averaged about 3.8% annually during 1985-88. One of the poorest nations in the world, alleviation of poverty remains the cornerstone of the government's development strategy. The agricultural sector contributes over 50% to GDP and 75% to exports, and employs over 74% of the labor force. Industry accounts for about 10% of GDP.
GDP: $20.6 billion, per capita $180; real growth rate 2.1% (FY89 est.)
Inflation rate (consumer prices): 8-10% (FY89 est.)
Unemployment rate: 30% (FY88 est.)
Budget: revenues $1.8 billion; expenditures $3.3 billion, including capital expenditures of $1.7 billion (FY89)
Exports: $1.3 billion (f.o.b., FY89 est.); commodities—jute, tea, leather, shrimp, manufacturing; partners—US 25%, Western Europe 22%, Middle East 9%, Japan 8%, Eastern Europe 7%
Imports: $3.1 billion (c.i.f., FY89 est.); commodities—food, petroleum and other energy, nonfood consumer goods, semiprocessed goods, and capital equipment; partners—Western Europe 18%, Japan 14%, Middle East 9%, US 8%