consulate(s) general: Los Angeles and New York
Diplomatic representation from the US:
chief of mission: Ambassador John C. HOLZMAN
embassy: Diplomatic Enclave, Madani Avenue, Baridhara, Dhaka 1212
mailing address: G.P.O. Box 323, Dhaka 1000
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
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. The economy is largely agricultural, with the cultivation of rice the single most important activity in the economy. Major impediments to growth include frequent cyclones and floods, the inefficiency of state-owned enterprises, a rapidly growing labor force that cannot be absorbed by agriculture, delays in exploiting energy resources (natural gas), inadequate power supplies, and slow implementation of economic reforms. Prime Minister Sheikh HASINA Wajed's Awami League government has made some headway improving the climate for foreign investors and liberalizing the capital markets; for example, it has negotiated with foreign firms for oil and gas exploration, better countrywide distribution of cooking gas, and the construction of natural gas pipelines and power plants. Progress on other economic reforms has been halting because of opposition from the bureaucracy, public sector unions, and other vested interest groups. Severe floods, lasting from July to October 1998, endangered the livelihoods of more than 20 million people. Foodgrain production fell by 4 million tons, forcing Dhaka to triple its normal foodgrain imports and placing severe pressure on Bangladesh's balance of payments. The floods increased the country's reliance on large-scale international aid. So far the East Asian financial crisis has not had major impact on the economy.
GDP: purchasing power parity—$175.5 billion (1998 est.)
GDP—real growth rate: 4% (1998 est.)
GDP—per capita: purchasing power parity?$1,380 (1998 est.)
GDP—composition by sector: agriculture: 30% industry: 17% services: 53% (1997)
Population below poverty line: 35.6% (1995–96 est.)
Household income or consumption by percentage share: lowest 10%: 4.1% highest 10%: 23.7% (1992)
Inflation rate (consumer prices): 7% (1998)
Labor force: 56 million note: extensive export of labor to Saudi Arabia, Kuwait, UAE, and Oman (1996)
Labor force—by occupation: agriculture 65%, services 25%, industry and mining 10% (1996)
Unemployment rate: 35.2% (1996)
Budget:
revenues: $3.8 billion
expenditures: $5.5 billion, including capital expenditures of $NA
(1997)
Industries: jute manufacturing, cotton textiles, food processing,
steel, fertilizer
Industrial production growth rate: 3.6% (1997)
Electricity—production: 11.5 billion kWh (1997)
Electricity—production by source: fossil fuel: 97.35% hydro: 2.65% nuclear: 0% other: 0% (1996)
Electricity—consumption: 11.3 billion kWh (1996)
Electricity—exports: 0 kWh (1996)
Electricity—imports: 0 kWh (1996)
Agriculture—products: rice, jute, tea, wheat, sugarcane, potatoes; beef, milk, poultry
Exports: $4.4 billion (1997)
Exports—commodities: garments, jute and jute goods, leather,
frozen fish and seafood
Exports—partners: Western Europe 42%, US 30%, Hong Kong 4%, Japan
3% (FY95/96 est.)
Imports: $7.1 billion (1997)
Imports—commodities: capital goods, textiles, food, petroleum
products
Imports—partners: India 21%, China 10%, Western Europe 8%, Hong
Kong 7%, Singapore 6% (FY95/96 est.)
Debt—external: $16.7 billion (1997)
Economic aid—recipient: $1.475 billion (FY96/97)
Currency: 1 taka (Tk) = 100 poisha
Exchange rates: taka (Tk) per US$1—48.500 (January 1999), 46.906 (1998), 43.892 (1997), 41.794 (1996), 40.278 (1995), 40.212 (1994)
Fiscal year: 1 July—30 June
Communications
Telephones: 249,800 (1994 est.)
Telephone system:
domestic: poor domestic telephone service
international: satellite earth stations—2 Intelsat (Indian Ocean);
international radiotelephone communications and landline service to
neighboring countries
Radio broadcast stations: AM 12, FM 12, shortwave 2 (one of
Bangladesh's two shortwave stations, Bangladesh Betar or Radio
Bangladesh, transmits its programs to the world in six languages on
four frequencies) (1998)
Radios: NA
Television broadcast stations: 11 (1997)
Televisions: 350,000 (1993 est.)
Transportation
Railways:
total: 2,745 km
broad gauge: 923 km 1.676-m gauge
narrow gauge: 1,822 km 1.000-m gauge (1998 est.)
Highways:
total: 204,022 km
paved: 25,095 km
unpaved: 178,927 km (1996 est.)
Waterways: 5,150–8,046 km navigable waterways (includes
2,575–3,058 km main cargo routes)
Pipelines: natural gas 1,220 km
Ports and harbors: Chittagong, Dhaka, Mongla Port
Merchant marine:
total: 40 ships (1,000 GRT or over) totaling 315,855 GRT/453,002 DWT
ships by type: bulk 2, cargo 33, oil tanker 2, refrigerated cargo 1,
roll-on/roll-off cargo 2 (1998 est.)
Airports: 16 (1998 est.)
Airports—with paved runways: total: 15 over 3,047 m: 1 2,438 to 3,047 m: 2 1,524 to 2,437 m: 4 914 to 1,523 m: 1 under 914 m: 7 (1998 est.)
Airports—with unpaved runways:
total: 1
over 3,047 m: 1 (1998 est.)
Military
Military branches: Army, Navy, Air Force, paramilitary forces (includes Bangladesh Rifles, Bangladesh Ansars, Village Defense Parties, National Cadet Corps)
Military manpower—availability:
males age 15–49: 33,374,195 (1999 est.)
Military manpower—fit for military service:
males age