Bangladesh has an agrarian economy with 25% of GDP coming from the agriculture, forestry and fisheries sector. Major agricultural product are rice, jute, wheat, potato, pulse, tobacco, tea, sugarcane, etc. The country is the largest exporter of jute and jute goods in the world. Readymade Garments occupy the topmost position among the exportable items. Tea, frozen shrimps, fish, leather goods, flowers and vegetables, ceramic-ware and handicrafts are also major exportable commodities.
Bangladesh has undergone a major shift in its economy philosophy and management in recent year. On its birth, it embraced socialism as the economy ideology with a dominant role for the public sector .But since the mid-seventies, the country undertook a major restructuring towards establishing a market economy with emphasis on private sector-led economic growth.
Since its assumption of office in October 2011,the present government has attached top priority to rapid economic growth alongside reduction of grinding poverty in the country through employment generation, human resource development and revitalization of the rural economy. The government is aware that sustainability of poverty alleviation efforts requires employment generation for the poor alongside targeted programmes for raising their income and savings.
Per capita in Bangladesh was estimated to be us dollar 365(1 US $=Taka 75.20)during 2010-2011
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