The economy of Bangladesh is a major developing mixed economy. As the second-largest economy in South Asia, Bangladesh's economy is the 35th largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven. It has been transitioning from being a frontier market into an emerging market. Bangladesh is a member of the South Asian Free Trade Area and the World Trade Organization. In fiscal year 2021–2022, Bangladesh registered a GDP growth rate of 7.2% after the global pandemic. Bangladesh is one of the fastest growing economies in the world.
Brother Industries, Ltd. (stylized in lowercase) is a Japanese multinational electronics and electrical equipment company headquartered in Nagoya, Japan. Its products include printers, multifunction printers, desktop computers, consumer and industrial sewing machines, large machine tools, label printers, typewriters, fax machines, and other computer-related electronics. Brother distributes its products both under its own name and under OEM agreements with other companies.
Hotpoint is a brand of domestic appliances. Ownership of the brand is split between American company Whirlpool, which has the rights in Europe, Chinese company Haier, which has the rights in the Americas and Turkish company Arcelik which has rights in Russia and the CIS.
The jute trade is centered mainly around India's West Bengal and Assam, and Bangladesh. The major producing country of jute is India and biggest exporter is Bangladesh, due to their natural fertile soil. Production of jute by India and Bangladesh are respectively 1.968 million ton and 1.349 million metric ton. Bengal jute was exported to South East Asia from the 17th century by the Dutch, French and later by other Europeans.
Arçelik A.Ş. is a Turkish multinational household appliances manufacturer.
The textile and clothing industries provide the most significant source of economic growth in Bangladesh's rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. By the end of December 2024, the Bangladeshi Garments Industry has earned $50 Billion from exports, an 8.3% increase in the past year according to the Export Promotion Bureau (EPB). By 2002 exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh's total merchandise exports. Emerging as the world's second-largest exporter of ready-made garment (RMG) products, Bangladesh significantly bolstered employment within the manufacturing sector.
Hossain Zillur Rahman is an academic, economist and policy maker from Bangladesh. He led the drafting of the poverty reduction strategy of the government in 2005 and was a member of the Independent South Asian Commission on Poverty Alleviation (ISACPA). He founded the Dhaka-based think-tank Power and Participation Research Centre (PPRC) in 1996 and prior to that was for over twenty years a leading researcher at the Bangladesh Institute of development Studies.
The Singer Scooter is a series of scooters manufactured by the Singer Corporation, made especially for the Bangladeshi market. The scooter is originally made in Chinese factories. As a product, the scooter embodies Singer Bangladesh's diversification from the sewing machine market into a wide variety of consumer and household goods, and light-industrial manufacturing.
Transcom Limited is a Bangladeshi business conglomerate. The businesses under this group include beverage, pharmaceuticals, newspaper, radio channel, electronics, foods, etc. Transcom is the local agent or comprador of international brands. This group employs more than 10,000 people. Transcom Group is one of the oldest and biggest companies in Bangladesh. Their operation in Bangladesh initially started in 1985 as a tea plantation company.
Bangladesh Machine Tools Factory Limited (BMTF) is a commercial enterprise run under the management of Bangladesh Army. It has 19 dynamic factories engaged in manufacturing a total of 566 products. It is located at Gazipur, about 40 km from Dhaka
Confidence Group of Companies Limited is a Bangladeshi company, involved in manufacturing mid-tech manufacturing engineering products. The conglomerate commenced its operation in 1991 with cement manufacture, and is involved with power generation and the manufacture of Spun Pre-stressed Concrete (SPC) poles. As of 2017, the conglomerate claims to consist of 8 operational business entities.
The Economy of Chittagong is reflected in its gross state product of $116 billion in purchasing power parity (2022) terms ranking, second in size only behind Dhaka in Bangladesh. The nominal gross domestic product of Chittagong metropolitan city is $43 billion. Chittagong metropolitan City is the second largest metropolitan city in Bangladesh. Chittagong is the export hub of Bangladesh, accounting for more than $38 billion in exports. Chittagong is the commercial hub of country. Chittagong is also home to the busiest port in the country.
The electronics industry in Bangladesh is one of the fastest-growing industries in the country with great potential. Popular Bangladeshi electronics brands include Walton Electronics, Singer Bangladesh, Jamuna Electronics, Vision Electronics. Local companies such as Fair Group, Butterfly Group, Electra, Rangs Group, Electro Mart, and Transcom Group manufacture and assembles Electronics Home Appliances in collaboration with foreign brands such as Samsung, Whirlpool, LG, Sony, Gree, Konka, and Sharp.
Kutubuddin Ahmed is a Bangladeshi businessman who is the founder and chairman of the Envoy Group, a conglomerate which operates in multiple sectors, with major operation in the apparel industry. He is a Fellow of the Institute of Engineers, Bangladesh. In 2015 he is a member of the executive committee of the International Chamber of Commerce, Bangladesh, and a director of the Chittagong Stock Exchange.
A machine factory is a company that produces machines. These companies traditionally belong to the heavy industry sector in comparison to a more consumer oriented and less capital intensive light industry. Today many companies make more sophisticated smaller machines, and they belong to the light industry. The economic sector of machine factories is called the machine industry.
Taiwan-Bangladesh relations refer to international relations between Republic of China (Taiwan) and Bangladesh. Taiwan and Bangladesh do not have official relations.
Dawlance is a Pakistani home appliances brand which is a subsidiary of Turkish company Arçelik. It is based in Karachi. Founded in 1980, it was acquired by Istanbul-based Arçelik in 2016.
Square Group is a Bangladeshi diversified multinantional conglomerate based in Dhaka. Samuel S Chowdhury is the chairman and Tapan Chowdhury is managing director of Square Group. Square Group has 60,000 employees.
Deshbandhu Group is a Bangladeshi diversified conglomerate based in Dhaka. Golam Mostafa is the Chairperson and Golam Rahman is the Managing Director of Deshbandhu Group. It headquarters in Mostafa Centre, Banani, is located inside a residential neighborhood.
DBL Group, formerly known as Dulal Brothers Limited, is a Bangladeshi diversified conglomerate based in Dhaka with a focus on the garments industry. The company has received investments from International Finance Corporation, German Investment Corporation, and Swedfund. It has invested to make its factories more green.
($177.95 millions) (2020)
US$186 million (2020)