Bangladesh at a Glance

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Bangladesh at a Glance

Bangladesh, officially the People’s Republic of Bangladesh, is a country in South Asia. It is surrounded by India on all sides except for a small border with Myanmar to the far southeast and the Bay of Bengal to the south. Together with the Indian state of West Bengal, it makes up the ethno-linguistic region of Bengal. The name Bangladesh means “Country of Bengal the borders of Bangladesh were set by the Partition of India in 1947, when it became the eastern wing of Pakistan (East Pakistan), separated from the western wing by 1,600 km (1,000 miles).

Despite their common religion of Islam, the ethnic and linguistic gulf between the two wings, compounded by an apathetic government based in West Pakistan, resulted in the independence of Bangladesh under the leadership of Sheikh Mujibur Rahman in 1971 after the bloody Bangladesh Liberation War, in which it was supported by India. The years following independence have been marked by political turmoil, with thirteen different heads of government, and at least four military coups. The population of Bangladesh ranks seventh in the world, but its area of approximately 144,000 km² is ranked ninety-fourth, making it one of the most densely populated countries in the world. It is the third largest Muslim-majority nation, but has a slightly smaller Muslim population than the Muslim minority in India.

People’s Republic of Bangladesh

Gônoprojatontri Bangladesh

Anthem: Amar Shonar Bangla

My Golden Bengal

Capital

(and largest city)

Dhaka

23°42?N 90°21?E / 23.7°N 90.35°E

Official languages Bengali
Demonym Bangladeshi
Government Parliamentary republic
President Zillur Rahman
Prime Minister Sheikh Hasina
Speaker Abdul Hamid
Independence March 26, 1971
Declared Victory Day December 16, 1971
Area
Total 147,570 km2 (94th)

55,599 sq mi

Water (%) 7.0
Population
2009 estimate 162,221,000(7th)
Density 1,099.3/km2 (5th)

2,917.6/sq mi

GDP (PPP) 2008 estimate
Total $226.205 billion (48th)
Per capita $1,398 (153rd)
GDP (nominal) 2008 estimate
Total $84.196 billion (58th)
Per capita $520 (157th)
Gini (2000) 33.4 (medium)
HDI (2007) ? 0.543[ (medium) (146th)
Currency Taka (BDT)
Time zone BST (UTC+6)
Summer (DST) BDST (UTC+7)
Drives on the Left
Internet TLD .bd
Calling code 880
1 Adjusted population, p.4,
Contents

Ø <href=”#History”> History

Ø Culture

Ø People

Ø River

Ø Climate

Ø <href=”#Government_and_politics”>Government and politics

Ø <href=”#Foreign_policy_and_military”>Foreign policy and military

Ø <href=”#Divisions.2C_districts.2C_and_upazilas”>Divisions, districts, and upazilas

Ø <href=”#Geography_and_climate”>Geography and climate

Ø <href=”#Flora_and_fauna”>Flora and fauna

Ø <href=”#Economy”>Agriculture & Economy

Ø <href=”#Demographics”>Demographics

Ø <href=”#Culture”>Culture

Ø Sports

History

Somapura Mahavihara in Paharpur, Bangladesh is the greatest Buddhist Vihara in the Indian Subcontinent built by Dharmapala of Bengal.

Sixty Dome Mosque in Mosque city of Bagerhat was built in the 15th century and is the largest historical mosque in Bangladesh, as well as a World Heritage site.

The Shaheed Minar, which commemorates, is a well known land the Bengali Language Movementmark in Bangladesh.

Sheikh Mujibur Rahman (3rd person from right), founder of Bangladesh and Maulana Bhashani (4th person from right) in 1953.

Remnants of civilization in the greater Bengal region date back four thousand years, when the region was settled by Dravidian, Tibeto-Burman, and Austro-Asiatic peoples. The exact origin of the word “Bangla” or “Bengal” is unknown, though it is believed to be derived from Bang, the Dravidian-speaking tribe that settled in the area around the year 1000 BC.

The kingdom of Gangaridai was formed from at least the seventh century BC, which later united with Bihar under the Magadha, Nanda, Mauryan and Sunga Empires. Bengal was later part of the Gupta Empire and Harsha Empire from the third to the sixth centuries CE. Following its collapse, a dynamic Bengali named Shashanka founded an impressive yet short-lived kingdom. Shashanka is considered the first independent king in the history of Bangladesh. After a period of anarchy, the Buddhist Pala dynasty ruled the region for four hundred years, followed by a shorter reign of the Hindu Sena dynasty. Islam was introduced to Bengal in the twelfth century by Arab Muslim merchants and Sufi missionaries, and subsequent Muslim conquests helped spread Islam throughout the region. Bakhtiar Khilji, a Turkic general, defeated Lakshman Sen of the Sena dynasty and conquered large parts of Bengal in the year 1204. The region was ruled by dynasties of Sultans and land lords Bhuiyan for the next few hundred years. By the 16th century, the Mughal Empire controlled Bengal, and Dhaka became an important provincial centre of Mughal administration.

European traders arrived late in the 15th century, and their influence grew until the British East India Company gained control of Bengal following the Battle of Plassey in 1757. The bloody rebellion of 1857, known as the Sepoy Mutiny, resulted in transfer of authority to the crown, with a British viceroy running the administration.During colonial rule, famine racked the Indian subcontinent many times, including the Great Bengal famine of 1943 that claimed 3 million lives.

Between 1905 and 1911, an abortive attempt was made to divide the province of Bengal into two zones, with Dhaka being the capital of the eastern zone. When India was partitioned in 1947, Bengal was partitioned along religious lines (for the majority Muslims), with the western part going to India and the eastern part joining Pakistan as a province called East Bengal (later renamed East Pakistan), with its capital at Dhaka. In 1950, land reform was accomplished in East Bengal with the abolishment of the feudal zamindari system. However, despite the economic and demographic weight of the east, Pakistan’s government and military were largely dominated by the upper classes from the west. The Bengali Language Movement of 1952 was the first sign of friction between the two wings of Pakistan. Dissatisfaction with the central government over economic and cultural issues continued to rise through the next decade, during which the Awami League emerged as the political voice of the Bengali-speaking population. It agitated for autonomy in the 1960s, and in 1966, its president Sheikh Mujibur Rahman was jailed; he was released in 1969 after an unprecedented popular uprising.

In 1970, a massive cyclone devastated the coast of East Pakistan, killing up to half a million people,and the central government responded poorly. The Bengali population’s anger was compounded when Sheikh Mujibur Rahman, whose Awami League won a majority in Parliament in the 1970 elections,was blocked from taking office. After staging compromise talks with Mujib, President Yahya Khan arrested him on the early hours of March 26, 1971, and launched Operation Searchlight, a sustained military assault on East Pakistan. Yahya’s methods were extremely bloody, and the violence of the war resulted in many civilian deaths Chief targets included intellectuals and Hindus, and about ten million refugees fled to neighbouring India.Estimates of those massacred throughout the war range from three hundred thousand to 3 million.

Before his arrest by the Pakistan Army, Sk. Mujibur Rahman formally declared the independence of Bangladesh and directed everyone to fight till the last soldier of the Pakistan army was evicted from East Pakistan. Awami League leaders set up a government-in-exile in Calcutta, India. The exile government formally took oath at Mujib Nagar in Kustia district of East Pakistan on April 14, 1971 with Tajuddin Ahmad as the first Prime Minister. The Bangladesh Liberation War lasted for nine months. The Bangladesh Forces formed within 11 sectors led by General M.A.G. Osmani consisting of Bengali Regulars and Mukti Bahini conducted a massive guerilla war against the Pakistan Forces with all out support from the Indian Armed Forces. Jointly the Mitro Bahini achieved a decisive victory over Pakistan on December 16, 1971, with Indian Armed Forces taking over 90,000 prisoners of war.

Jatiyo Smriti Soudho, a tribute to the martyrs of the Bangladesh Liberation War.

After its independence, Bangladesh became a parliamentary democracy, with Mujib as the Prime Minister. In the 1973 parliamentary elections, the Awami League gained an absolute majority. A nationwide famine occurred during 1973 and 1974,and in early 1975, Mujib initiated a one-party socialist rule with his newly formed BAKSAL. On August 15, 1975, Mujib with most of his family members were assassinated by mid-level military officers.

A series of bloody coups and counter-coups in the following three months culminated in the ascent to power of General Ziaur Rahman, who reinstated multi-party politics & founded the Bangladesh Nationalist Party (BNP). Zia’s rule ended when he was assassinated in 1981 by elements of the military.Bangladesh’s next major ruler was General Hossain Mohammad Ershad, who gained power in a bloodless coup in 1982 and ruled until 1990, when he was forced to resign under massive revolt of all major political and the public, nevertheless western donor pressure in a major shift in international policy after the end of communism. Since then, Bangladesh has reverted to a parliamentary democracy. Zia’s widow, Khaleda Zia, led the Bangladesh Nationalist Party to parliamentary victory at the general election in 1991 and became the first female Prime Minister in Bangladesh’s history. However, the Awami League, headed by Sheikh Hasina, one of Mujib’s surviving daughters, clinched power at the next election in 1996 but lost to the Bangladesh Nationalist Party again in 2001.

In January 11, 2007, following widespread political unrest, a caretaker government was appointed to administer the next general election. The country had suffered from extensive corruption,disorder and political violence. The new caretaker government has made it a priority to root out corruption from all levels of government. To this end, many notable politicians and officials, along with large numbers of lesser officials and party members, have been arrested on corruption charges. The caretaker government held a fair and free election on December 29, 2008.Awami League’s Sheikh Hasina won the elections with a landslide victory and took oath of Prime Minister on 6 Jan 2009.

Population

The Population of Bangladesh is over 140.34 million, growth rate now being 1.30% . Bangladesh is one of the most densely populated countries (834 per sq. km) 80% of the population live in the rural areas. Of the total population 47% are in the civiliar labour force, male 29.14% and female 17.86% .
River
Bangladesh is a deltaic plain of the three major river systems of South Asia – the Ganges, the Brahmaputra and the Meghna. Country is formed with the alluvial soil of these rivers. Green paddy fields and vegetation are found all around. There are some hills on the North Eastern and South Eastern Parts of the country which are the extension of the Himalayan ranges in the South-East. The most significant Characteristic of the landscape of Bangladesh is its extensive networks of rivers which contribute a great deal to shape the socioeconomic life of the country.

Climate

The land ofthe Bangladesh falls in the sub-tropical region of the globe. Of the three major seasons, winter is the shortest. Summer and Rainy seasons are Longer. In Winter- November to February temperature varies froin 29° to 1 1° Celsius. Summei- March to June- is the hottest period when temperature varies from 21° to 32° celsius. Rainy season- July to October- is the wettest period of the ycar, when most rainfall occurs and rivers are f1111, and temperature varies from 30″ to 25° Celsius. Humidity varies from 99% (July) to 36`% (December)

Government and politics

Jatiyo Sangshad Bhaban houses the Parliament of Bangladesh.

National symbols of Bangladesh
Anthem Amar Shonar Bangla
Animal Royal Bengal Tiger
Bird Oriental Magpie Robin
Fish Hilsa
Flower White Water Lily
Fruit Jackfruit
Sport Hadudu
Calendar Bengali calendar

Bangladesh is a parliamentary democracy.Direct elections in which all citizens, aged 18 or over, can vote are held every five years for the unicameral parliament known as Jatiya Sangsad. The parliamentary building is known as the Jatiyo Sangshad Bhaban and was designed by architect Louis Kahn. Currently the parliament has 345 members including 45 reserved seats for women, elected from single-member constituencies. The Prime Minister, as the head of government, forms the cabinet and runs the day-to-day affairs of state. While the Prime Minister is formally appointed by the President, he or she must be an MP who commands the confidence of the majority of parliament. The President is the head of state but mainly a ceremonial post elected by the parliament.

However the President’s powers are substantially expanded during the tenure of a caretaker government, which is responsible for the conduct of elections and transfer of power. The officers of the caretaker government must be non-partisan and are given three months to complete their task. This transitional arrangement is an innovation that was pioneered by Bangladesh in its 1991 election and then institutionalized in 1996 through its 13th constitutional amendment.

The Constitution of Bangladesh was drafted in 1972 and has undergone fourteen amendments.<href=”#cite_note-amendments-28″>[29] The highest judicial body is the Supreme Court. Justices are appointed by the President. The judicial and law enforcement institutions are weak.Separation of powers, judicial from executive was finally implemented on the 1st of November, 2007. It is expected that this separation will make the judiciary stronger and impartial. Laws are loosely based on English common law, but family laws such as marriage and inheritance are based on religious scripts, and therefore differ between religious communities.

The two major parties in Bangladesh are the Bangladesh Awami League and the Bangladesh Nationalist Party (BNP). BNP is led by Khaleda Zia and finds its allies among Islamist parties like Jamaat-e-Islami Bangladesh and Islami Oikya Jot, while Sheikh Hasina‘s Awami League aligns with leftist and secularist parties. Hasina and Zia are bitter rivals who have dominated politics for over 15 years; each is related to one of the leaders of the independence movement. Another important player is the Jatiya Party, headed by former military dictator Ershad. The Awami League-BNP rivalry has been bitter and punctuated by protests, violence and murder. Student politics is particularly strong in Bangladesh, a legacy from the liberation movement era. Almost all parties have highly active student wings, and student leaders have been elected to the Parliament.

Two radical terrorist organizations, Jagrata Muslim Janata Bangladesh (JMJB) and Jama’atul Mujahideen Bangladesh (JMB), were banned in February 2005. Several small-scale bomb attacks taking place since 1999 have been blamed on those groups, and dozens of suspected members have been detained in security operations, including the heads of those two parties in 2006. The masterminds were tried and executed. The Bangladesh government won praise from world leaders, including Western leaders, for its strong anti-terrorist stance.

The January 22, 2007 election was postponed indefinitely and emergency law declared in January 11, 2007 as Army backed caretaker government of Fakhruddin Ahmed aimed to prepare a new voter list and crack down on corruption. They also assisted the interim Government of Bangladesh in a drive against corruption, which resulted in Bangladesh’s position in the Transparency International‘s Corruption Index changed from the very bottom, where they had been for 3 year in a row, to 147th in just 1 year.

A large alliance led by the Bangladesh Awami League won the December 29, 2008 poll, in a landslide victory. They got 230 seats among 300 seats in the parliament. On 31 July 2009 Prime Minister Sheikh Hasina expanded the Bangladeshi cabinet to bring the total size to 44.

Foreign policy and military

Bangladesh pursues a moderate foreign policy that places heavy reliance on multinational diplomacy, especially at the United Nations. In 1974 Bangladesh joined both the Commonwealth of Nations and the United Nations and has since been elected to serve two terms on the Security Council in 1978–1979 and 2000–2001. In the 1980s, Bangladesh played a lead role in founding the South Asian Association for Regional Cooperation (SAARC) in order to expand relations with other South Asian states. Since the founding of SAARC 1985, a Bangladeshi has held the post of Secretary General on two occasions.

Bangladesh’s most important and complex foreign relationships are with India. These relationships are informed by historical and cultural ties and form an important part of the domestic political discourse.

Bangladesh’s relationship with India began on a positive note because of India’s assistance in the independence war and reconstruction. Throughout the years, relations between both countries have fluctuated for a number of reasons. A major source of tension between Bangladesh and India is the Farakka Dam. In 1975, India constructed a dam on the Ganges River 11 miles (18 km) from the Bangladeshi border. Bangladesh alleges that the dam diverts much needed water from Bangladesh and adds a man-made disaster to the country already plagued by natural disasters. The dam also has terrible ecological consequences. On the other hand, India has voiced concerns about anti-Indian separatists and Islamic militants allegedly being harboured across their 2,500-mile (4,000 km) border, as well as the flow of illegal migrants, and is building a fence along most of it.But at the 2007 SAARC meeting both nations pledged to work cooperatively on security, economic and border issues.

The current strength of the army is around 200,000 including reservists,the air force 22,000,and navy 14,950.In addition to traditional defense roles, the military has been called on to provide support to civil authorities for disaster relief and internal security during periods of political unrest. Bangladesh is not currently active in any ongoing war, but it did contribute 2,300 troops to the coalition that fought in the 1991 Persian Gulf War and Bangladesh is consistently a top contributor to UN peacekeeping forces around the world. As of May 2007, Bangladesh had major deployments in Democratic Republic of Congo, Liberia, Sudan, Timor-Leste and Côte d’Ivoire.. Presently Bangladesh is the 2nd largest troop contributor country to the UN.[2]

Bangladesh enjoys relatively warm ties with the People’s Republic of China which has, particularly in the past decade, increased economic cooperation with the South Asian nation. Between 2006 and 2007, trade between the two nations rose by 28.5% and there have been agreements to grant various Bangladeshi commodities tariff-free access to the Chinese market. Cooperation between the Military of Bangladesh and the People’s Liberation Army is also increasing, with joint military agreements signed and Bangladesh procuring Chinese arms which range from small arms to large naval surface combatants such as the Chinese Type 053H1 Missile Frigate.

Divisions, districts, and upazilas

Administrative divisions of Bangladesh. This map shows the highest level unit called a Division.

Bangladesh is divided into six administrative divisions,<href=”#cite_note-CIA2007-40″>[41] each named after their respective divisional headquarters: Barisal, Chittagong , Dhaka, Khulna, Rajshahi and Sylhet.

Divisions are subdivided into districts (zila). There are 64 districts in Bangladesh, each further subdivided into upazila (subdistricts) or thana. The area within each police station, except for those in metropolitan areas, is divided into several unions, with each union consisting of multiple villages. In the metropolitan areas, police stations are divided into wards, which are further divided into mahallas. There are no elected officials at the divisional, district or upazila levels, and the administration is composed only of government officials. Direct elections are held for each union (or ward), electing a chairperson and a number of members. In 1997, a parliamentary act was passed to reserve three seats (out of twelve) in every union for female candidates.

Dhaka is the capital and largest city of Bangladesh. Other major cities include Chittagong, Khulna, Rajshahi, Sylhet, Barisal, Bogra, Comilla, Mymensingh and Rangpur. These cities have mayoral elections, while other municipalities elect a chairperson. Mayors and chairpersons are elected for a span of five years.

City City population (2008 estimate) Metro population (2008 estimate)
Dhaka 7,000,940 12,797,394
Chittagong 2,579,107 3,858,093
Khulna 855,650 1,388,425
Rajshahi 472,775 775,495
Sylhet 463,198
Barisal 210,374

Geography and climate

Dead corals at St. Martin’s Island

Satellite image presenting physical features of Bangladesh.

Panorama of Cox’s Bazar in the early morning: clouds on a blue sky, still water and forest in the distance.

Sun rise in Kuakata

Bangladesh is in the low-lying GangesBrahmaputra River Delta or Ganges Delta. This delta is formed by the confluence of the Ganges (local name Padma or Pôdda), Brahmaputra (Jamuna or Jomuna), and Meghna rivers and their respective tributaries. The Ganges unites with the Jamuna (main channel of the Brahmaputra) and later joins the Meghna to eventually empty into the Bay of Bengal. The alluvial soil deposited by these rivers has created some of the most fertile plains in the world. Bangladesh has 58 trans-boundary rivers, making water issues politically complicated to resolve – in most cases as the lower riparian state to India.Most parts of Bangladesh are less than 12 m (39.4 ft) above the sea level, and it is believed that about 50% of the land would be flooded if the sea level were to rise by 1 m (3.28 ft).

In south east Bangladesh experiments have been done since the sixties to ‘build with nature’. By implementing cross dams, the natural accretion of silt has created new land. With Dutch funding, the Bangladeshi government began to help develop this new land in the late 1970s. The effort has since become a multiagency operation building roads, culverts, embankments, cyclone shelters, toilets and ponds, as well as distributing land to settlers. By fall 2010, the program will have allotted some 27,000 acres (10,927 ha) to 21,000 families.

The highest point in Bangladesh is in Mowdok range at 1,052 m (3,450 ft) in the Chittagong Hill Tracts to the southeast of the country.

Straddling the Tropic of Cancer, Bangladeshi climate is tropical with a mild winter from October to March, a hot, humid summer from March to June. A warm and humid monsoon season lasts from June to October and supplies most of the country’s rainfall. Natural calamities, such as floods, tropical cyclones, tornadoes, and tidal bores occur almost every year,combined with the effects of deforestation, soil degradation and erosion. Cox’s Bazar, south of the city of Chittagong, has a beach that stretches uninterrupted over 120 kilometres (75 mi).

In September 1998, Bangladesh saw the most severe flooding in modern world history. As the Brahmaputra, Ganges and Meghna spilt over and swallowed 300,000 houses, 9,700 kilometres (6,027 mi) of road and 2,700 kilometres (1,678 mi) of embankment 1,000 people were killed and 30 million more were made homeless with 135,000 cattle killed, 50 square kilometres (19.3 sq mi) of land destroyed and 11,000 kilometres (6,835 mi) of roads damaged or destroyed. Two-thirds of the country was underwater. There were several reasons for the severity of the flooding. Firstly, there were unusually high monsoon rains. Secondly, the Himalayas shed off an equally unusually high amount of melt water that year. Thirdly, trees that usually would have intercept rain water had been cut down for firewood or to make space for animals.

Bangladesh is now widely recognized to be one of the countries most vulnerable to climate change. Natural hazards that come from increased rainfall, rising sea levels, and tropical cyclones are expected to increase as climate change, each seriously affecting agriculture, water & food security, human health and shelter.

It is believed that in the coming decades the rising sea level alone will create more than 25 million climate refugees.

Flora and fauna

Royal Bengal Tiger.

A major part of the coastline comprises a marshy jungle, the Sundarbans, the largest mangrove forest in the world and home to diverse flora and fauna, including the Royal Bengal Tiger. In 1997, this region was declared endangered.The Magpie Robin is the National Bird of Bangladesh and it is common and known as the Doyel or Doel (Bengali: ??????). It is a widely used symbol in Bangladesh, appearing on currency notes and a landmark in the city of Dhaka is named as the Doyel Chatwar (meaning: Doyel Square).The national flower of the country is water lily and the national fruit is jackfruit.

Bangladesh- Agricultural Country

Bangladesh Agriculture at a Glance

Total family : 17,600,804
Total farm holding : 15,089,000
Total area : 14.845million hectare
Forest : 2.599 million hectare
Cultivable land : 8.44 million hectare
Cultivable waste : 0.268 million hectare
Current fellow : 0.469 million hectare
Cropping intensity : 175.97%
Single cropped area : 2.851 million hectare
Double cropped area : 3.984 million hectare
Triple cropped area : 0.974 million hectare
Net cropped area : 7.809 million hectare
Total cropped area : 13.742 million hectare
Contribution of agriculture sector to GDP : 23.50%
Contribution of crop sector to GDP : 13.44%
Manpower in agriculture : 62%
Total food crop demand : 23.029 million metric ton
Total food crop production : 27.787 million metric ton
Net production : 24.569 million metric ton

Economy

Worker in a paddy field – a common scene throughout Bangladesh. Two thirds of the population works in the agricultural sector.

Despite continuous domestic and international efforts to improve economic and demographic prospects, Bangladesh remains a developing nation.<href=”#cite_note-52″>[53] Its per capita income in 2008 was US$520 compared to the world average of $10,200.<href=”#cite_note-CIA2007-40″>[41]

Jute was once the economic engine of the country. Its share of the world export market peaked in the Second World War and the late 1940s at 80%<href=”#cite_note-jute-53″>[54] and even in the early 1970s accounted for 70% of its export earnings. However, polypropylene products began to substitute for jute products worldwide and the jute industry started to decline. Bangladesh grows very significant quantities of rice (chal), tea (Cha) and mustard. Although two-thirds of Bangladeshis are farmers, more than three quarters of Bangladesh’s export earnings come from the garment industry,<href=”#cite_note-garments-54″>[55] which began attracting foreign investors in the 1980s due to cheap labour and low conversion cost. In 2002, the industry exported US$5 billion worth of products.<href=”#cite_note-rahman-55″>[56] The industry now employs more than 3 million workers, 90% of whom are women.<href=”#cite_note-begum-56″>[57] A large part of foreign currency earnings also comes from the remittances sent by expatriates living in other countries.

Bashundhara City, the largest shopping mall in South Asia

Jamuna Bridge: one of the longest bridges in the world.

Obstacles to growth include frequent cyclones and floods, inefficient state-owned enterprises, mismanaged port facilities, a growth in the labour force that has outpaced jobs, inefficient use of energy resources (such as natural gas), insufficient power supplies, slow implementation of economic reforms, political infighting and corruption. According to the World Bank, “among Bangladesh’s most significant obstacles to growth are poor governance and weak public institutions.”

Despite these hurdles, the country has achieved an average annual growth rate of 5% since 1990, according to the World Bank. Bangladesh has seen expansion of its middle class, and its consumer industry has also grown. In December 2005, four years after its report on the emerging “BRIC” economies (Brazil, Russia, India, and China), Goldman Sachs named Bangladesh one of the “Next Eleven,” along with Egypt, Indonesia, Vietnam and seven other countries. Bangladesh has seen a dramatic increase in foreign direct investment. A number of multinational corporations and local big business houses such as Beximco, Square, Akij Group, Ispahani, Navana Group, Transcom Group, Habib Group, KDS Group and multinationals such as Unocal Corporation and Chevron, have made major investments, with the natural gas sector being a priority. In December 2005, the Central Bank of Bangladesh projected GDP growth around 6.5%.

One significant contributor to the development of the economy has been the widespread propagation of microcredit by Muhammad Yunus (awarded the Nobel peace prize in 2006) through the Grameen Bank. By the late 1990s, Grameen Bank had 2.3 million members, along with 2.5 million members of other similar organisations.

In order to enhance economic growth, the government set up several export processing zones to attract foreign investment. These are managed by the Bangladesh Export Processing Zone Authority.

Demographics

Religion in Bangladesh
Religion Percent
Islam 89.7%
Hinduism 9.2%
Buddhism 0.7%