Commerzbank publishes report on Bangladesh
“Insights: Bangladesh” suggests that the significance of Bangladesh as a trading economy is set to increase further, and will be driven not only by its strong position in textile production.
Commerzbank has produced a report on Bangladesh. Within ‘Insights: Bangladesh’, a wide range of experts from a variety of fields explore the challenges and opportunities facing the development of the South Asian nation.
The report looks at sustainability, economic forecasts and grassroots industry experience in Bangladesh, as well as the crucial role of the banking sector. Leaders from the Bangladeshi business, finance and political worlds join Commerzbank’s own representatives to give their vital and targeted insights on this key emerging country.
In terms of area, Bangladesh is less than half the size of Germany; yet with just under 160 million inhabitants, it is one of the world’s most densely populated countries. At the same time, Bangladesh is one of the poorest countries in Asia. On the plus side, Bangladesh’s large, young labour force – the population is growing at around 1% a year and over half of the population is under 25 – represents a strong demographic advantage for the future.
In the past 10 years, the economy has grown substantially at rates of about 6%, with the export-oriented textile industry – which was promoted by the government after independence from Pakistan was gained in 1971 – providing the backbone for this growth. So, despite challenges remaining, Bangladesh’s future looks promising, and will be helped by broadening its export base through development of higher-end manufacturing and tertiary-sector services.
Read the report here. (PDF, 4.0 MB)