what is the economic condition of Bangladesh
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The economy faces challenges of infrastructure bottlenecks, insufficient power and gas supplies, bureaucratic corruption, political instability, natural calamities and a lack of skilled workers.
The economy faces challenges of infrastructure bottlenecks, insufficient power and gas supplies, bureaucratic corruption, political instability, natural calamities and a lack of skilled workers.GDP growth: : 7.1% (2016) 7.3% (2017); 7.9% (2018) 8.1% (2019e);
The economy faces challenges of infrastructure bottlenecks, insufficient power and gas supplies, bureaucratic corruption, political instability, natural calamities and a lack of skilled workers.GDP growth: : 7.1% (2016) 7.3% (2017); 7.9% (2018) 8.1% (2019e);Country group: Developing/Emerging; Lower-middle income economy;
The economy faces challenges of infrastructure bottlenecks, insufficient power and gas supplies, bureaucratic corruption, political instability, natural calamities and a lack of skilled workers.GDP growth: : 7.1% (2016) 7.3% (2017); 7.9% (2018) 8.1% (2019e);Country group: Developing/Emerging; Lower-middle income economy;GDP rank: 39th (nominal, 2019); 29th (PPP, 2019)
The economy faces challenges of infrastructure bottlenecks, insufficient power and gas supplies, bureaucratic corruption, political instability, natural calamities and a lack of skilled workers.GDP growth: : 7.1% (2016) 7.3% (2017); 7.9% (2018) 8.1% (2019e);Country group: Developing/Emerging; Lower-middle income economy;GDP rank: 39th (nominal, 2019); 29th (PPP, 2019)GDP per capita rank: 144th (nominal, 2018); 136th (PPP, 2018)
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Bangladesh’s economic freedom score is 55.6, making its economy the 121st freest in the 2019 Index. Its overall score has increased by 0.5 point, with higher scores on factors including property rights and government integrity countering declines in investment freedom and fiscal health. Bangladesh is ranked 27th among 43 countries in the Asia–Pacific region, and its overall score is below the regional and world averages.
Robust economic growth of approximately 6 percent annually for two decades has been driven by a rapid increase in private consumption and fixed investment. Nevertheless, Bangladesh still grapples with poor infrastructure, endemic corruption, insufficient power supplies, and slow implementation of economic reforms. The fragile rule of law continues to undermine economic development. Corruption and weak enforcement of property rights force workers and small businesses into the informal economy. Entrepreneurial activity is also hampered by an uncertain regulatory environment.
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