Bangladesh’s economy has demonstrated remarkable resilience and growth, transitioning from a predominantly agrarian society to one increasingly driven by industry and services. The ready-made garment (RMG) sector remains a cornerstone, making Bangladesh one of the world’s leading apparel exporters and a key driver of employment, particularly for women. Significant contributions also come from remittances sent by the large Bangladeshi diaspora and a growing domestic market fueled by an expanding middle class. While challenges such as inflation, a low tax-to-GDP ratio, and financial sector vulnerabilities persist, ongoing infrastructure development and efforts towards export diversification into areas like pharmaceuticals and IT are aimed at strengthening its economic foundation and achieving upper-middle-income status.
