Economy of Bangladesh

[gentleman]

Bangladesh is considered to be one of the poorest nations in the world. Unlike its neighboring countries, Bangladesh is endowed with limited availability of natural resources and despite the fact that it has continuously received foreign aids from various nations, Bangladesh have failed to recover from the economic turmoil that is spreading like a plague, all around this tiny nation. After its freedom, Bangladesh has been struck frequently by natural calamities like floods, storms, earthquakes and plagues. Even the nation and its nationals are not in peace and civil wars have been a part of its daily life.

The economy of Bangladesh is mainly dependent on the agricultural sector and is heavily dependent on its deposit of limited natural resources. One of the major crops that are produced in this region is rice. The country is heavily dependent on its production of rice but still, half of the people of Bangladesh have no food to meet their hunger. Some other crops on which the lives of the thousands in Bangladesh are dependent upon are jute, sugarcane, tobacco and wheat. Bangladesh is also the largest producers of sugarcane in the whole world. The economy of Bangladesh also receives some of the much-needed support from the production of dairy products like milk, butter and cheese. Beef and poultry are some of the small-scale businesses to be seen in this country. Bangladesh is also dependent heavily on the fishing activities and much of its foreign exchange come from the export of Jute, Rice and Fishes, all over the world.

Bangladesh has an advantage of collecting oil from the Bay of Bengal, but the quantity of oil deposit is very low and so they have to spend hefty amount of foreign reserves on importing oil from other nations. Also, Bangladesh has certain quantity of uranium deposits. Coal and other minerals are found in negligible quantity.

Thread to Discuss the economy of Bangladesh

 

[Idiotbox]

bangladesh is a nation where not much is bothered about its economic policies and so it remains to be one of the poorest nations in the world. the people over there eke out doing jobs and most of the economy is supported by the traditional jobs rather than the industrial and technological sector.

 

[R2India]

bangladesh is a nation with its economy lying in a state of pathetic condition. the nation mostly witnesses natural calamities due which its assets are destroyed and the nation does not seem to have any determination to come out of the situation and aftermath.

 

[National]

Bangladeshi people earn their living doing small jobs and mostly out of agriculture. moreover the country is not much developed and people are also not well educated. the natural resources are also meager wherein, many natural disasters are also witnessed throughout the year. it mainly depends on its neighboring countries for most of its demands.