Bangladesh Map

• At April 2010, USA - based ratings agency Standard & Poor's (S&P) awarded Bangladesh a BB- for a long term in credit rating which is below India and well over Pakistan and Sri Lanka in South Asia. And, despite continuous domestic and international efforts to improve economic and demographic prospects, Bangladesh remains a developing nation. However, Bangladesh gradually decreased its dependency on foreign grant and loan from 85% (In 1988) to 2% (In 2010) for its annual development budget. Its per capita income in 2010 was US$641 compared to the world average of $8,985. But, if purchasing power parity (PPP) is taken into account, Bangladesh's economy is the 44th largest in the world at US$257 billion according to the IMF.

• Jute was once the economic engine of the country. Its share of the world export market peaked in the Second World War and the late 1940s at 80% and even in the early 1970s accounted for 70% of its export earnings. However, polypropylene products began to substitute for jute products worldwide and the jute industry started to decline. Bangladesh grows very significant quantities of rice, tea, potato, mango, onion and mustard. According to FAOSTAT, Bangladesh is one of world's largest producers of: Rice (4th), Potato (11th), Mango (9th), Pineapple (16th), Fruit, Tropical (5th), Onion (16th), Banana (17th), Jute (2nd), Tea (11th).

• Although two-thirds of Bangladeshis are farmers, more than three quarters of Bangladesh’s export earnings come from the garment industry, which began attracting foreign investors in the 1980s due to cheap labour and low conversion cost. In 2009-10 fiscal year the industry exported US$ 12.6 billion worth of products where in 2002 the exported amount was US$ 5 billion. Recently Bangladesh has been ranked as the 4th largest clothing exporter by the WTO (The World Trade Organization) . The industry now employs more than 3 million workers, 90% of whom are women. A large part of foreign currency earnings also comes from the remittances sent by expatriates living in other countries.

• Obstacles to growth include frequent cyclones and floods, inefficient state-owned enterprises, mismanaged port facilities, a growth in the labour force that has outpaced jobs, inefficient use of energy resources (such as natural gas), insufficient power supplies, slow implementation of economic reforms, political infighting and corruption. According to the World Bank, "among Bangladesh’s most significant obstacles to growth are poor governance and weak public institutions." Despite these hurdles, the country has achieved an average annual growth rate of 5% since 1990, according to the World Bank.

• Bangladesh has seen expansion of its middle class (world's Fifty Forth largest, just below of Singapore & Vietnam), and its consumer industry has also grown. In December 2005, four years after its report on the emerging "BRIC" economies (Brazil, Russia, India, and China), Goldman Sachs named Bangladesh one of the "Next Eleven", along with Egypt, Indonesia, Vietnam and seven other countries.

• Bangladesh has seen a dramatic increase in foreign direct investment. A number of multinational corporations and local big business houses such as Beximco, Square, Akij Group, Ispahani, Navana Group, Transcom Group, Habib Group, KDS Group, Dragon Group and multinationals such as Unocal Corporation and Chevron, have made major investments, with the natural gas sector being a priority. In December 2005, the Central Bank of Bangladesh projected GDP growth around 6.5%. In order to enhance economic growth, the government set up several export processing zones to attract foreign investment. These are managed by the Bangladesh Export Processing Zone Authority.

• One significant contributor to the development of the economy has been the widespread propagation of microcredit by Muhammad Yunus (awarded the Nobel peace prize in 2006) through the Grameen Bank. By the late 1990s, Grameen Bank had 2.3 million members, along with 2.5 million members of other similar organisations.

• Bangladesh is in the low-lying Ganges–Brahmaputra River Delta or Ganges Delta. This delta is formed by the confluence of the Ganges (local name Padma or Pôdda), Brahmaputra (Jamuna or Jomuna also known as "Yamuna"), and Meghna rivers and their respective tributaries. The Ganges unites with the Jamuna (main channel of the Brahmaputra) and later joins the Meghna to eventually empty into the Bay of Bengal. The alluvial soil deposited by these rivers has created some of the most fertile plains in the world. Bangladesh has 57 trans-boundary rivers, making water issues politically complicated to resolve – in most cases as the lower riparian state to India. Most parts of Bangladesh are less than 12 m (39.4 ft) above the sea level, and it is believed that about 10% of the land would be flooded if the sea level were to rise by 1 m (3.28 ft).

• In south east Bangladesh experiments have been done since the sixties to 'build with nature'. By implementing cross dams, the natural accretion of silt has created new land. With Dutch funding, the Bangladeshi government began to help develop this new land in the late 1970s. The effort has since become a multiagency operation building roads, culverts, embankments, cyclone shelters, toilets and ponds, as well as distributing land to settlers. By fall 2010, the program will have allotted some 27,000 acres (10,927 ha) to 21,000 families.

• The highest point in Bangladesh is in Mowdok range at 1,052 m (3,451 ft) in the Chittagong Hill Tracts to the southeast of the country. Cox's Bazar, south of the city of Chittagong, has a beach that stretches uninterrupted over 120 kilometres (75 mi).

• Straddling the Tropic of Cancer, Bangladeshi climate is tropical with a mild winter from October to March, a hot, humid summer from March to June. A warm and humid monsoon season lasts from June to October and supplies most of the country's rainfall. Natural calamities, such as floods, tropical cyclones, tornadoes, and tidal bores occur almost every year, combined with the effects of deforestation, soil degradation and erosion. The cyclones of 1970 and 1991 were particularly devastating. A cyclone that struck Bangladesh in 1991 killed some 140,000 people.

• Bangladesh is now widely recognized to be one of the countries most vulnerable to climate change. Natural hazards that come from increased rainfall, rising sea levels, and tropical cyclones are expected to increase as climate change, each seriously affecting agriculture, water & food security, human health and shelter. It is believed that in the coming decades the rising sea level alone will create more than 20 million climate refugees. Bangladeshi water is contaminated with arsenic frequently because of the high arsenic contents in the soil. Up to 77 million people are exposed to toxic arsenic from drinking water. Bangladesh is among the countries most prone to natural floods, tornados and cyclones.

• Cricket enjoys a passionate following in Bangladesh and it is the most popular sport followed by football (soccer). The national cricket team participated in their first World Cup in 1999, and the following year was granted elite Test cricket status. But they have struggled to date, recording only three Test match victories,one against Zimbabwe in 2005 and the other two in a series win of 2-0 against the West Indies in 2009. In July, 2010, they celebrated their first ever win over England in any form of match. Later in 2010,they managed to whitewash New Zealand for the first time in history. In 2011, Bangladesh co-hosted the ICC Cricket World Cup 2011 with India and Sri Lanka.

• They participated at the Asian Games 2010 in Guangzhou, they defeated Afghanistan to claim their Gold Medal in the first ever cricket tournament held in the Asian Games. Hadudu (Kabaddi) is the national sport of Bangladesh. Other popular sports include field hockey, tennis, badminton, handball, basketball, volleyball, chess, shooting, angling and carrom. The Bangladesh Sports Control Board regulates 29 different sporting federations.

• Bangladesh pursues a moderate foreign policy that places heavy reliance on multinational diplomacy, especially at the United Nations. In 1974 Bangladesh joined both the Commonwealth of Nations and the United Nations and has since been elected to serve two terms on the Security Council in 1978–1979 and 2000–2001. In the 1980s, Bangladesh played a lead role in founding the South Asian Association for Regional Cooperation (SAARC) in order to expand relations with other South Asian states. Since the founding of SAARC 1985, a Bangladeshi has held the post of Secretary General on two occasions.

• Bangladesh's most important and complex foreign relationship is with India. This relationship is informed by historical and cultural ties and forms an important part of the domestic political discourse. Bangladesh's relationship with India began on a positive note because of India's assistance in the independence war and reconstruction. Throughout the years, relations between both countries have fluctuated for a number of reasons.

• A major source of tension between Bangladesh and India is the Farakka Dam. In 1975, India constructed a dam on the Ganges River 11 miles (18 km) from the Bangladeshi border. Bangladesh alleges that the dam diverts much needed water from Bangladesh and adds a man-made disaster to the country already plagued by natural disasters. The dam also has terrible ecological consequences. On the other hand, India has voiced concerns about anti-Indian separatists and Islamic militants allegedly being harboured across their 2,500-mile (4,000 km) border, as well as the flow of illegal migrants, and is building a fence along most of it. But at the 2007 SAARC meeting both nations pledged to work cooperatively on security, economic and border issues.

• The current strength of the army is around 200,000 including reservists, the air force 22,000, and navy 14,950. In addition to traditional defense roles, the military has been called on to provide support to civil authorities for disaster relief and internal security during periods of political unrest. Bangladesh is not currently active in any ongoing war, but it did contribute 2,300 troops to the coalition that fought in Operation Desert Storm in 1991 and Bangladesh is consistently a top contributor to UN peacekeeping forces around the world. As of May 2007, Bangladesh had major deployments in Democratic Republic of Congo, Liberia, Sudan, Timor-Leste and Côte d'Ivoire. Presently Bangladesh is the largest troop contributor country to the UN.

• Bangladesh enjoys relatively warm ties with the People's Republic of China which has, particularly in the past decade, increased economic cooperation with the South Asian nation. Between 2006 and 2007, trade between the two nations rose by 28.5% and there have been agreements to grant various Bangladeshi commodities tariff-free access to the Chinese market. Cooperation between the Military of Bangladesh and the People's Liberation Army is also increasing, with joint military agreements signed and Bangladesh procuring Chinese arms which range from small arms to large naval surface combatants such as the Chinese Type 053H1 Missile Frigate.