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Economy of Dhaka

Currency	৳. Taka
Fiscal year	FY22-23
Statistics
GDP	$316 billion (PPP 2023)
GDP rank	1st
GDP per capita	$13,614 (PPP, 2023)
Population below poverty line	17.4% (2022)
Human Development Index	0.756 high · 1st of 20
Average gross salary	৳2315095 (US$19,000)
Average net salary	৳1929119 (US$16,000)

The economy of Dhaka is the largest in the Peoples Republic of Bangladesh, contributing $213.3 billion in nominal gross state product and $740 billion in purchasing power parity terms as of 2022. The economy of Dhaka contributes 40% of Bangladesh's gross domestic product. If Dhaka were a sovereign nation, it would rank as the 50th largest economy in the world and fifth largest economy in South Asia, ahead of Myanmar, Nepal, Bhutan, Maldives, Afghanistan and behind India, Bangladesh and Pakistan.

Headquarters of major Bangladeshi financial institutions as Dhaka Stock Exchange, Bangladesh Bank, as well as major companies such as BEXIMCO, Bashundhara Group, PRAN-RFL Group, Dhaka serves as the financial hub of the country. Regional headquarters of many multi-national institutions such as GlaxoSmithKline, HeidelbergCement, Reckitt Benckiser, HSBC, British American Tobacco and Nestlé are also located in Dhaka. Dhaka Stock Exchange is the largest stock exchange in Bangladesh, and third largest in South Asia with a market capitalization of $72.1 billion.

Dhaka is the world's 38th largest city by GDP and has the country's only rapid transit system, the Dhaka Metro Rail.

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.

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.

Sectors

The manufacture of brick in Dhaka's suburbs, which adds little to gross national product, adds significantly to PM2.5 air pollution.

Environmental sector

Founded in 1996, Waste Concern is a Bangladeshi Social Business Enterprise (SBE) for waste recycling that offers solutions for waste management.

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 pharmaceutical, and IT with 15.68% and 7.28% growth.

See also

• Economy of Bangladesh
• List of cities by GDP

References

1. "TelluBase: Dhaka Extract" (PDF). tellusant.com. Retrieved 1 June 2023.
2. "Poverty rose in Dhaka, Barishal, Sylhet". asianews.network. Retrieved 14 August 2023.
3. "Sub-national HDI - Area Database - Global Data Lab". hdi.globaldatalab.org. Archived from the original on 8 February 2023. Retrieved 8 February 2023.
4. "Dhaka / Salary". www.averagesalarysurvey.com. Retrieved 14 August 2023.
5. "Recent Market Information | Dhaka Stock Exchange". www.dsebd.org. Retrieved 14 November 2023.
6. Akter, Sayeeda (3 March 2010). "Economic life carved in history". The Daily Star. Archived from the original on 4 March 2016. Retrieved 30 December 2015.
7. Aniruddha Ray. "Manucci, Niccolao". Banglapedia. Retrieved 29 May 2015.
8. "6% of stocks make up half of Dhaka bourse turnover as majority stuck at floor". The Business Standard. 12 August 2023. Retrieved 14 November 2023.
9. 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).
10. "About Waste concern". Waste Concern. Retrieved 19 February 2012.

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• Economy of Dhaka