Economy of Dhaka
From Wikipedia, the free encyclopedia
 | |
| Currency | Bangladeshi taka (BDT, ৳) |
|---|---|
| FY22-23 | |
Trade organisations | SAFTA, SAARC, BIMSTEC, WTO, AIIB, IMF, Commonwealth of Nations, World Bank, ADB, Developing-8 |
Country group | |
| Statistics | |
| Population | 23,935,700 (2023) |
| GDP |
|
| GDP rank | 1st in Bangladesh |
GDP growth |
|
GDP per capita |
|
GDP by sector |
|
Population below poverty line | 17.4% (2022)[2] |
| 0.756[3] high · 1st of 20 | |
Average gross salary | ৳29700 (US$240) (per month 2023)[4] |
| ৳29700 (US$240) (per month 2023) | |
Main industries | |
The economy of Dhaka is the largest in the People's Republic of Bangladesh, contributing $213.3 billion in nominal gross state product and $316 billion in purchasing power parity (PPP) terms as of 2022. 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 fifth largest economy in South Asia, ahead of Myanmar, Nepal, Bhutan, Maldives, Afghanistan and behind India, Bangladesh, Pakistan and Sri Lanka.
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.[5]
Dhaka is the world's 38th largest city by GDP and has the country's only rapid transit system, the Dhaka Metro Rail.
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.[6]
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.[7]
