THE DEVELOPMENT PATHWAY OF BANGLADESH Bangladesh, currently 41st Economy is set to become the 25th economy by 2035, according to CEBR if current pace in economic growth continues. MAJOR GDP CONTRIBUTOR Average Economic Growth rate 6%+ for a decade GDP GROWTH Bangladesh has initiated several infrastructure projects. Many of these projects qualify as mega projects due to their size, budget, and economic impact.The government has also identified a few of them as fast-track projects. RMG SECTOR INFRASTRUCTURAL DEVELOPMENT 155 GREEN FACTORIES ECONOMY AT A GLANCE GDP INITIATIVES BEHIND THE DEVELOPMENT PATHWAY THE HIGHEST IN THE WORLD. GNI ROOPPUR NUCLEAR POWER PLANT 438,175 7.88 293,773 351,251 416,264 365,638 FY’17 FY’19 FY’21 6.94 6.59 FY’17 PER CAPITA GDP 1816 FY’17 2122 AGRICULTURE SECTOR 303,916 FY’21 FY’21 FY’19 FY’21 PER CAPITA GNI 2209 2591 FY’19 FY’17 1816 GREW YEAR ON YEAR BY 36.11% TO US $24.78 BN IN FY21 FROM US$18.21 BN US$38.76 BN in FY21 from US $33.67 BN in FY20 Increased 15.10% EXPORT EARNINGS ( MERCHENDISE) 3 VEGETABLE th PRODUCTION AQUACULTURE PRODUCTION th FISH PRODUCTION IN INLAND WATER BODIES nd 5 1 100 SPECIAL ECONOMIC ZONES (30,000 HECTARES) ESTABLISHED HIGH TECH PARK Nuclear power plant [2X1, 200MW] to be operational by 2023. Upon completing the project, Bangladesh will also join the elite group of 33 nuclear power-generating countries globally. Electricity Production Total Installed Capacity 13,792 MW in FY21 3 rd Inland Open water Capture Production AMONG 11 COUNTRIES 22,031 MW TELAPIA PRODUCTION 4th 3rd US$46.39 BN AT THE END OF JUNE 2021 2 HILSHA st PRODUCTION FOREIGN EXCHANGE RESERVE TECHNOLOGICAL ADVANCEMENT 5 rd RICE PRODUCTION INFLOW OF REMITTANCES IMPORT PAYMENTS (C&F) DURING FY21 STOOD AT US$65.59 BN AGAINST US$54.78 BN DURING FY20 INCREASED 19.73% FY’17 FY’21 FY’19 2462 FY’19 IN THE WORLD & IN ASIA REMITTANCE 8th LARGEST REMITTANCE RECEIVING COUNTRY PADMA MULTIPURPOSE BRIDGE 1st BANGABANDHU SATELLITE 2nd BANGABANDHU SATELLITE METRO RAIL PROJECT MRT LINE-6 KARNAFULI TUNNEL Launched On 12 May 2018 The First Bangladeshi Geostationary Communications & Broadcasting Satellite To be launched by 2026 SOCIAL & HUMAN CAPITAL DEVELOPMENT ALLOCATION FOR SOCIAL SECURITY SECTOR TK 95,574 CR IN FY23 TK 2,505 CR IN FY06 POPULATION GROWTH RATE 2.50% in 1974 1.37% in 2022 AVERAGE LIFE EXPECTANCY 72.6 Years in FY20 59 years in FY20 A BRIEF PROFILE OF MCCI DHAKA Founded in 1904, the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) is the oldest and the pre-eminent trade organization in Bangladesh. Its membership role encompasses leading commercial and large industrial organizations of the country, including public sector corporations and local as well as multinational companies. Presently, almost all major enterprises of the manufacturing and service sector are among their members. The Chamber provides a wide range of professional services to its members. The Chamber's services, developed over a long period, are comprehensive and cover specialized areas such as taxation, import-export, tariff and non-tariff measures, investment, WTO matters and other national and international economic and commercial concerns. The Chamber maintains a secretariat manned by professional staff. It offers secret with industrial relations, occupational safety and health, workplace cooperation, skills development, labor law and other labor-related issues. INFANT MORTALITY RATE 84 Per thousand in FY 06 28 Per Thousand in FY20 Graduating As a Developing Country METROPOLITAN CHAMBER OF COMMERCE & INDUSTRY MATERNAL MORTALITY RATE 370 Per lakh in FY06 185 per lakh in FY20 LITERACY RATE (AGED 7 YEARS & ABOVE) 74.4% in 2019 51.91% in 2010 51.9% in 2005 BANGLADESH IN DEVELOPMENT TRAJECTORY Chamber Building, 122-124, Motijheel C.A, Dhaka- 1000, Bangldesh (880)2-223385208-11 & 223354129-(PABX) sg@mccibd.org www.mccibd.org Since her independence in 1971, Bangladesh has traversed a long distance. The country is now on the course of graduating from the least developed country (LDC) status, propelled by increased human assets, lower vulnerability and a highly vibrant ecomomy.