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Flag description: green with a large red disk slightly to the hoist side of center; the red sun of freedom represents the blood shed to achieve independence; the green field symbolizes the lush countryside, and secondarily, the traditional color of Islam

Bangladesh Economy

Economy - overview: Despite sustained domestic and international efforts to improve economic and demographic prospects, Bangladesh remains one of the world's poorest, most densely populated, and least developed nations. Although more than half of GDP is generated through the service sector, nearly two-thirds of Bangladeshis are employed in the agriculture sector, with rice as the single most important product. Major impediments to growth include frequent cyclones and floods, inefficient state-owned enterprises, inadequate port facilities, a rapidly growing labor force that cannot be absorbed by agriculture, delays in exploiting energy resources (natural gas), insufficient power supplies, and slow implementation of economic reforms. Reform is stalled in many instances by political infighting and corruption at all levels of government. Even so, Prime Minister Sheikh HASINA's Awami League government has made some headway improving the climate for foreign investors and liberalizing the capital markets. Progress on other economic reforms has been halting because of opposition from the bureaucracy, public sector unions, and other vested interest groups.

GDP: purchasing power parity - $203 billion (2000 est.)

GDP - real growth rate: 5.3% (2000 est.)

GDP - per capita: purchasing power parity - $1,570 (2000 est.)

GDP - composition by sector: agriculture: 30%

industry: 18%

services: 52% (2000 est.)

Population below poverty line: 35.6% (FY95/96 est.)

Household income or consumption by percentage share: lowest 10%: 3.9%

highest 10%: 28.6% (1995–96 est.)

Inflation rate (consumer prices): 5.8% (2000 est.)

Labor force: 64.1 million (1998)

note: extensive export of labor to Saudi Arabia, Kuwait, UAE, Oman, Qatar, and Malaysia; workers' remittances estimated at $1.71 billion in 1998–99

Labor force - by occupation: agriculture 63%, services 26%, industry 11% (FY95/96)

Unemployment rate: 35.2% (1996)

Budget: revenues: $4.9 billion

expenditures: $6.8 billion, including capital expenditures of $NA (FY99/00 est.)

Industries: cotton textiles, jute, garments, tea processing, paper newsprint, cement, chemical fertilizer, light engineering, sugar

Industrial production growth rate: 6.1% (2000 est.)

Electricity - production: 12.06 billion kWh (1999)

Electricity - production by source: fossil fuel: 93.7%

hydro: 6.3%

nuclear: 0%

other: 0% (1999)

Electricity - consumption: 11.216 billion kWh (1999)

Electricity - exports: 0 kWh (1999)

Electricity - imports: 0 kWh (1999)

Agriculture - products: rice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds, spices, fruit; beef, milk, poultry

Exports: $5.9 billion (2000)

Exports - commodities: garments, jute and jute goods, leather, frozen fish and seafood

Exports - partners: US 31.2%, Germany 9.95%, UK 8.06%, France 5.82%,

Italy 4.42% (1999)

Imports: $8.1 billion (2000)

Imports - commodities: machinery and equipment, chemicals, iron and steel, textiles, raw cotton, food, crude oil and petroleum products, cement

Imports - partners: India 12.2%, Singapore 7.8%, Japan 6.7%, China 6.4%, US 5.3% (1999)

Debt - external: $17 billion (2000)

Economic aid - recipient: $1.575 billion (2000 est.)

Currency: taka (BDT)

Currency code: BDT

Exchange rates: taka per US dollar - 54.000 (January 2001), 52.142 (2000), 49.085 (1999), 46.906 (1998), 43.892 (1997), 41.794 (1996)

Fiscal year: 1 July - 30 June

Bangladesh Communications

Telephones - main lines in use: 500,000 (2000)

Telephones - mobile cellular: 283,000 (2000)

Telephone system: general assessment: totally inadequate for a modern country

domestic: modernizing; introducing digital systems; trunk systems include VHF and UHF microwave radio relay links, and some fiber-optic cable in cities

international: satellite earth stations - 2 Intelsat (Indian Ocean); international radiotelephone communications and landline service to neighboring countries (2000)

Radio broadcast stations: AM 12, FM 12, shortwave 2 (1999)

Radios: 6.15 million (1997)

Television broadcast stations: 15 (1999)

Televisions: 770,000 (1997)

Internet country code: .bd

Internet Service Providers (ISPs): 10 (2000)

Internet users: 30,000 (2000)

Bangladesh Transportation

Railways: total: 2,745 km

broad gauge: 923 km 1.676-m gauge

narrow gauge: 1,822 km 1.000-m gauge (2000)

Highways: total: 201,182 km

paved: 19,112 km

unpaved: 182,070 km (1997)

Waterways: up to 8,046 km depending on season

note: includes 3,058 km main cargo routes

Pipelines: natural gas 1,250 km

Ports and harbors: Chittagong, Dhaka, Mongla Port, Narayanganj (2001)

Merchant marine: total: 35 ships (1,000 GRT or over) totaling 268,566 GRT/375,110 DWT

ships by type: bulk 2, cargo 25, container 3, petroleum tanker 2, refrigerated cargo 1, roll on/roll off 2 (2000 est.)

Airports: 18 (2000 est.)

Airports - with paved runways: total: 15

over 3,047 m: 2

2,438 to 3,047 m: 3

1,524 to 2,437 m: 4

914 to 1,523 m: 1

under 914 m: 5 (2000 est.)

Airports - with unpaved runways: total: 3

1,524 to 2,437 m: 1

under 914 m: 2 (2000 est.)

Bangladesh Military

Military branches: Army, Navy, Coast Guard, Air Force, paramilitary forces (includes Bangladesh Rifles, Bangladesh Ansars, Village Defense Parties, National Cadet Corps), Armed Police battalions

Military manpower - availability: males age 15–49: 36,005,553 (2001 est.)

Military manpower - fit for military service: males age 15–49: 21,362,279 (2001 est.)

Military expenditures - dollar figure: $559 million (FY96/97)

Military expenditures - percent of GDP: 1.8% (FY96/97)

Bangladesh Transnational Issues

Disputes - international: a portion of the boundary with India is indefinite; exchange of 151 enclaves along border with India subject to ratification by Indian parliament; dispute with India over South Talpatty/New Moore Island

Illicit drugs: transit country for illegal drugs produced in neighboring countries

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@Barbados

Barbados Introduction

Background: The island was uninhabited when first settled by the British in 1627. Its economy remained heavily dependent on sugar, rum, and molasses production through most of the 20th century. In the 1990s, tourism and manufacturing surpassed the sugar industry in economic importance.

The 2001 CIA World Factbook

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