The Economy Of Bangladesh

Bangladesh economy is growing gradually. Bangladesh is an agricultural nation. Most of the people in Bangladesh are engaged in farming. Jute and tea are the key sources of Bangladesh export. Also, there are other important agricultural products like peas, beans, lentils, wheat, sweet potatoes, sugarcane, tobacco, and fruits such as bananas, mangoes, and pineapples.

Bangladesh’s economic freedom score is 54.1, making its economy the 131st freest in the 2014 Index. Its overall score has increased by 1.5 points since last year, reflecting improvements in trade freedom and business freedom that offset a notable decline in freedom from corruption. Bangladesh is also ranked 27th out of 42 countries in the Asia Pacific region.
Over the 20 year history of the Index, Bangladesh has advanced its economic freedom score by over 10 points. The overall score increase has been relatively broad-based on six of the ten economic freedoms, including trade freedom, business freedom, and fiscal freedom, the score for which has improved by more than 20 points. Nonetheless, Bangladesh continues to be considered mostly unfree due to a serious lack of progress in other critical areas of its economic freedom. The country has lagged in promoting the effective rule of law. The judicial system remains vulnerable to political interference, and property rights are not strongly protected.