Last update – 30.06.2021
Bangladesh
Country rating
SENSITIVE RISK FOR ENTERPRISE
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
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| GDP |
USD 303bn (World ranking 41, World Bank 2019) |
| Population |
163mn (World ranking 8, World Bank 2019) |
|
Form of state |
Parliamentary republic |
|
Head of government |
Sheikh Hasina (PM) |
|
Next elections |
2023, legislative |
Strengths & weaknesses
- Adequate level of public debt
- Large workers' remittances inflowss
- Low wage costs
- Low external debt stock
- Competitive in low-end manufacturing
- Fragile political environment
- Very low per capita income
- Increasing political social and religious violence and a risk of Islamic terrorism targeting foreigners as well as minorities
- Vulnerable to natural disasters (in particular floodings)
- Vulnerable export base: heavily dependent on garment industry, which also faces increased global competition
- Large trade deficit
- Weak business environment: infrastructure shortcomings, red tape
Trade structure by destination/origin
(% of total)
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| Exports | Rank | Imports | ||
| United States 16% |
|
1 |
|
26% China |
| Germany 14% |
|
2 |
|
15% India |
| United Kingdom 10% |
|
3 |
|
6% Singapore |
| Spain 6% |
|
4 |
|
5% Japan |
| France 6% |
|
5 |
|
3% Korea, Republic of |
Trade structure by product
(% of total)
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| Exports | Rank | Imports |
|
Articles of apparel & clothing accessories 83% |
1 | 17% Textile yarn and related products |
|
Textile yarn and related product 5% |
2 | 6% Textiles fibres and their wastes |
|
Footwear 2% |
3 | 6% Fixed vegetable oils and fats, crude, refined of fractionated |
|
Fish, crustaceans, molluscs and preparations thereof 2% |
4 | 6% Petroleum, petroleum products and related materials |
|
Leather, leather manufactures and dressed furskins 1% |
5 | 5% Specialised machinery |
Contact
Mahamoud Islam
Euler Hermes
Euler Hermes