Bangladesh has significant growth potential, especially in its
manufacturing sector and has an impressive track record of growth
and poverty reduction. It has been among the fastest growing
economies in the world over the past decade, supported by a
demographic dividend, strong ready-made garment (RMG) exports of
over US$35 Billion, and stable macroeconomic conditions. A large,
young working-age population concentrated in a riverine nation
networked by excellent communications — both physically and
digitally — clocking an average growth of over seven per cent
consistently for more than a decade.
GDP From Manufacturing in Bangladesh averaged 14873.65 BDT Million from 2006 until 2020, reaching an all time high of 27106.70 BDT Million in 2020. Low-cost and high-quality products are produced on time; reliably and very competitively with a skilled work force; unique regional location for expansion into key Asian and other markets; privileged trading status with Canada, the EU and Japan; clusters of companies providing a local supplier base with depth in skilled labor, training, and technical development facilities provide a favorable advantage for the boom in manufacturing in Bangladesh. The manufacturing sector of Bangladesh currently contributes 17 per cent of the value added to the country's GDP as well as 90 per cent of exports.