Economy of Dhaka
Currency৳. Taka
FY22-23
Statistics
GDP$316 billion (PPP 2023)[1]
GDP rank1st
GDP per capita
$13,614 (PPP, 2023)
Population below poverty line
17.4% (2022)[2]
0.745[3]
high · 1st of 20
Average gross salary
৳2315095 (US$22,000)[4]
৳1929119 (US$18,000)

The economy of Dhaka is the largest in the Peoples Republic of Bangladesh, contributing $213.3 billion in nominal gross state product and $740 billion in purchasing power parity terms as of 2022.[5] The economy of Dhaka contributes 40% of Bangladesh's gross domestic product. If Dhaka were a sovereign nation, it would rank as the 50th largest economy in the world and fourth largest economy in South Asia, ahead of Myanmar, Sri Lanka, Nepal, Bhutan, Maldives, Afghanistan and behind India, Bangladesh and Pakistan. Dhaka also boast the highest per capita GDP in South Asia.

Headquarters of major Bangladeshi financial institutions as Dhaka Stock Exchange, Bangladesh Bank, as well as major companies such as BEXIMCO, Bashundhara Group, PRAN-RFL Group, Dhaka serves as the financial hub of the country. Regional headquarters of many multi-national institutions such as GlaxoSmithKline, HeidelbergCement, Reckitt Benckiser, HSBC, British American Tobacco and Nestlé are also located in Dhaka. Dhaka Stock Exchange is the largest stock exchange in Bangladesh, and third largest in South Asia with a market capitalization of $72.1 billion.[6]

Dhaka is the world's 38th largest city by GDP and has the country's only rapid transit system, the Dhaka Metro Rail.

History

Due to its location right beside some main river routes, Dhaka was an important centre for business. Muslin fabric was produced and traded in this area.[7]

Italian traveller Niccolao Manucci came to Dhaka in 1662–63. According to him, there were only two kuthis (trading posts) – one of the English and the other of the Dutch. Ships were loaded with fine white cotton and silk fabrics.[8]

Citibank regional headquarters in located in Dhaka

Sectors

Top publicly traded companies
in Dhaka for 2023[9]
Grameenphone
Walton Group
British American Tobacco Bangladesh
Square Pharmaceuticals
Robi Axiata Limited
United Power
Renata Limited
BEXIMCO

The manufacture of brick in Dhaka's suburbs, which adds little to gross national product, adds significantly to PM2.5 air pollution.[10]

Environmental sector

Founded in 1996, Waste Concern is a Bangladeshi Social Business Enterprise (SBE) for waste recycling that offers solutions for waste management.[11]

International trade and other sectors

Dhaka has historically derived significant revenue from International trade, Textile, Pharmachemical and financial institutions. The exports of goods made in Dhaka totalled approximately US$10 billion in 2012, with a rapid growth in Pharmachemical, and IT with 15.68% and 7.28% growth.

See also

References

  1. ↑ "TelluBase: Dhaka Extract" (PDF). tellusant.com. Retrieved 1 June 2023.
  2. ↑ "Poverty rose in Dhaka, Barishal, Sylhet". asianews.network. Retrieved 14 August 2023.
  3. ↑ "Sub-national HDI - Area Database - Global Data Lab". hdi.globaldatalab.org. Retrieved 8 February 2023.
  4. ↑ "Dhaka / Salary". www.averagesalarysurvey.com. Retrieved 14 August 2023.
  5. ↑ "Dhaka (North & South), Bangladesh". C40 Cities. Retrieved 4 August 2023.
  6. ↑ "Recent Market Information | Dhaka Stock Exchange". www.dsebd.org. Retrieved 14 November 2023.
  7. ↑ Akter, Sayeeda (3 March 2010). "Economic life carved in history". The Daily Star. Retrieved 30 December 2015.
  8. ↑ Aniruddha Ray. "Manucci, Niccolao". Banglapedia. Retrieved 29 May 2015.
  9. ↑ "6% of stocks make up half of Dhaka bourse turnover as majority stuck at floor". The Business Standard. 12 August 2023. Retrieved 14 November 2023.
  10. ↑ Sohara Mehroze Shachi (5 September 2018). "Bangladesh's Air Pollution Problem Grows, Brick by Brick". Undark. Retrieved 7 September 2018. The kiln operations alone — while representing just 1 percent of the country's GDP — generate nearly 60 percent of the particulate pollution in Dhaka, according to Bangladesh's Department of Environment (DOE).
  11. ↑ "About Waste concern". Waste Concern. Retrieved 19 February 2012.
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