
Bangladesh
The Republic of Bangladesh is a country in South Asia, its borders India and Myanmar. It is considered to be a middle power and a major developing nation. Within South Asia, it ranks first in gender equality, second in foreign exchange earnings and third in life expectancy and peacefullness.
Chapter 1: Economic and business environment
Demographics | 160,995,640 |
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Capital | Dhaka |
Major cities | Chittagong, Khulna, Rasjhahi |
Languages | Bengali (bn-BD), English (en) |
GDP | 1,211.70 USD (2015) |
Unemployment rate | 4,9% in 2016 |
Main industries | GDP Composition by Sector: Industrial Production Growth Rate: 6.5 percent Industries: clothing, food, leather, ship building |
Currency | BDT Bangladeshi taka |
Interest rate | 3.00% - 9.25% |
Political key info | Bangladesh is a unitary, Westminster-style parliamentary republic with universal suffrage. |
Inflation | 5,4% in 2017 |
Chapter 2 : Automotive market, segments & sales
Total Car park | 3 cars per 1,000 inhabitants As Bangladesh has achieved considerable economic growth (> +7% GDP), with stable unemployment and growing foreign investment, purchasing power has risen and has caused an increased demand for vehicles (cars, motorbikes, LCVs). To meet these demands, Bangladesh must import vehicles, as none are manufactured in the country. |
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New vehicle registrations (Cars, LCV, Trucks) |
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Top 5 brands (total market) | Nitol has 40 percent market share, Ifad Auto holds 38 percent, and Runner Motors 10 percent (according to the IDLC review) |
Model preference top 5 (total market) | Arion |
Chapter 4: Taxation & legislation
Tariffs are progressively levied on emissions, with a minimum rate of approximately 155% and a maximum rate of 600%. A change in import tax was announced on June 2, 2017, depending on the vehicle type, but the import tax increased from $ .1000 to $ 10000 compared to before the change
Chapter 5: Car policies
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