ABSTRACT
This chapter describes the economic history of Bangladesh and finds that the structure of the economy has changed over the course of the 49 years after independence. The GDP growth rate has increased significantly since 2010, the share of agriculture to GDP has declined, and the services appeared as the dominant economic sector followed by the industry. In transforming the economy from a Least Developed Country to a Lower-Middle-Income country, the key contributors are lower population growth, self-sufficiency in rice production, NGO’s role in micro-credit, remittance from low-skilled migrants, and the export earnings from the ready-made garment (RMG) industry. The impact of these sectors is also visible in the achievements of different human development indicators.
