Bangladesh 2006

Yearbook 2006

Bangladesh A wave of blast attacks that in the fall of 2005 had claimed at least 28 deaths and injured hundreds had its legal aftermath. Seven leaders and another 21 members of the extremist group Jamaat-ul-Mujahidin were sentenced to death. In another intervention against Islamic extremism, the Islami Bank was convicted of fines for money laundering and for pouring money into suspected terrorists.

Economy

Inflation rate 5.60%
Unemployment rate 4.4%
Gross domestic product (GDP) 690,300,000,000 USD
GDP growth rate 7.40%
GDP per capita $ 4,200
GDP by sector
Agriculture 14.20%
Industry 29.30%
Service 56.50%
State budget
Revenue 6.633 billion
Expenditure 9.34 billion
Proportion of the population below the national poverty line 31.5%
Distribution of household income
Top 10% 27
Lower 10% 4th
Industrial production growth rate 8.40%
Investment volume 24.2% of GDP
National debt 33.10% of GDP
Foreign exchange reserves $ 33,660,000,000
Tourism 2014
Number of visitors 125,000
Revenue 154,000,000 USD

 

According to CountryAAH, major public holidays in Bangladesh include Independence Day (March 26) and New Year (January 1). There was concern in the important textile industry. Dozens of factories were burned down and hundreds were vandalized by workers demanding higher wages and better working conditions. The textile industry alone accounts for close to 80% of Bangladesh’s export earnings and employs 40% of the country’s industrial workers. The industry has done brilliant business since the international textile quotas were abolished but is notorious for inhumane conditions for its employees. The head of the international export zone outside Dhaka, where most of the factories are located, was dismissed as a scapegoat for the unrest.

Political life was also characterized by unrest. As before in Bangladesh, political agitation, in the absence of formal debate, was conducted on the streets. During the countdown to the general elections in January 2007, a broad opposition alliance, led by the Awami League, conducted a long series of strikes and demonstrations for the demand for a new electoral commission and revised electoral votes. The opposition received support for its criticism of the undemocratic conditions for the electoral process of Western thinkers such as the International Crisis Group and the National Democratic Institute.

Constitutionally, the government resigned under Prime Minister Khaleda Zia in October to allow a neutral interim government to rule the country for the last three months before the election. President Iajuddin Ahmed himself took responsibility for the interim government since the Awami League refused to approve the man who had first been appointed. Following strikes and transport blockades, which repeatedly hit the country for several days, the electoral commission chairman also resigned. The actions were blown off by promises that the lengths of votes, which were suspected to contain at least 12 million false names, would be revised and other election arrangements reviewed. The army was deployed throughout the country to knock down any new protests.

One joyous subject for the country was that economist Muhammad Yunus and his creation, the micro-lending Grameen Bank, were awarded the Nobel Peace Prize.

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