Economy of Dhaka
 The location of Dhaka on the map of Bangladesh | |
| Currency | Taka |
|---|---|
| FY20-21 | |
| Statistics | |
| GDP | $170 Billion (nominal, 2020) $340billion (PPP, 2020) |
| GDP rank | 1st |
GDP per capita | $7,400 (nominal, 2020) $9,800 (PPP, 2020) |
Population below poverty line | 09% |
| Unemployment | 4.0% (2020)[1] |
Average gross salary | 110000৳-BDT |
| Public finances | |
| Expenses | $805 million (DSCC + DNCC)[2] |
Dhaka is the financial and the entertainment capital of Bangladesh. It accounts for up to 35% (130-168 billion USD Nominal GDP)
of Bangladesh's economy. Dhaka's GDP is almost double to quadruple than the economy of neighbouring countries like Myanmar, Nepal, Sri Lanka etc. If Dhaka were a country than it would rank 50th economy in the list of countries GDP.[3][4] Dhaka is also home to major Bangladeshi industrial conglomerates such as Beximco Holdings Limited, Bashundhara Group, Jamuna Group, PRAN-RFL Group, BSRM and Defense Advancement Trading Company (DATCO).[5][failed verification] Many foreign establishment such as GlaxoSmithKline, Heidelberg Cement, Reckitt Benckiser, HSBC, British American Tobacco, and Nestlé have their regional headquarters located in Dhaka.[citation needed]. Dhaka stock exchange is the 2nd biggest in the South Asian Nation. o
During the Mughal Era and Bengal Presidency, Dhaka has the biggest economy among the divisions in Bangladesh. Bengal presidency was the 50% contributor of Indian Mughal subcontinent. Dhaka's living standard was considered as like as London the wealthiest city of Europe in Mughal era.[6][failed verification]
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]
Sectors
| Top publicly traded companies in Dhaka for 2015[citation needed] |
| Beximco |
| One Bank Limited |
| Al-Arafah Islami Bank Limited |
| Prime Bank Limited |
| United Airways |
| Mercantile Bank Limited |
| Beximco Pharma |
| Summit Power Limited |
The manufacture of brick in Dhaka's suburbs, which adds little to gross national product, adds significantly to PM2.5 air pollution.[9]
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.[citation needed]
See also
References
- ^ "Asian Metropolis: Dhaka" (PDF). Urban. Retrieved 29 October 2014.
- ^ Mollah, Shahjahan (6 July 2014). "Budget for split DCCs Monday, Tuesday". Banglanews24.com. Archived from the original on 10 July 2014. Retrieved 18 February 2015.
For the fiscal year 2014-15, the DSCC budget will stand at Tk 1,800 crore while Dhaka North City Corporation would be announced its budget of Tk 2,000 crore.
- ^ Rezaul Karim (24 February 2017). "Dhaka's economic activities unplanned: analysts". The Daily Star.
- ^ Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School. "Dhaka Factsheet". Lloyd's City Risk Index 2015–2025. Lloy'ds. Retrieved 25 November 2016.
{{cite web}}:|author1=has generic name (help)[permanent dead link] - ^ "Dhaka Improving Living Conditions of the Poor". Retrieved 29 October 2014.
- ^ Kabir, Anisul; Parolin, Bruno. "PLANNING AND DEVELOPMENT OF DHAKA – A STORY OF 400 YEARS" (PDF). fau.usp.br. Archived from the original (PDF) on 10 January 2017. Retrieved 30 December 2015.
- ^ Akter, Sayeeda (3 March 2010). "Economic life carved in history". The Daily Star. Retrieved 30 December 2015.
- ^ Aniruddha Ray. "Manucci, Niccolao". Banglapedia. Retrieved 29 May 2015.
- ^ 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).