CAUSES OF POVERTY IN BANGLADESH

In Bangladesh, 20.5% of the population lived below the national poverty line in 2019. In Bangladesh, the proportion of employed population below $1.90 purchasing power parity/day in 2022 was 2.7%. For every 1,000 babies born in Bangladesh in 2021, 27 died before their 5th birthday. The causes of poverty in Bangladesh are tough to tackle, but the country has nonetheless shown impressive improvements and resilience over the years. For instance, the country has made remarkable progress in poverty reduction in the last couple of decades: according to the World Bank, Bangladesh managed to reduce its poverty rate—defined as the percent of the population living below $1.90 a day—from 44.2 percent in 1991 to 18.5 percent in 2010. This reduction was possible thanks to a steadily increasing growth rate between five and six percent yearly between 1991 and 2010. Growth resulted primarily from Bangladesh’s expanding textile and garment industry, which draws in $20 billion annually and has given jobs to more than four million people.

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