Bangladesh has made significant strides in socio-economic development in the past few decades. Poverty fell from 49% in 1990 to 24.7% in 2014, according to the Bangladesh Bureau of Statistics. During this same period, the economy grew 5-6% on average annually and the per capita income now stands at US$1,314. These improvements are attributed to several factors: development efforts in education and health, improvements and incentives in agriculture, the rise of a burgeoning garment industry and remittances from migrant workers.
PUBLISHED ONJan 2016