Bangladesh, typically known for being one of
the poorest nations, has had 6% annual growth
in Gross Domestic Product (GDP) since 2000.
(1, 2) The steady growth has generated changes
in industries such as the garment industry as
well as improved the purchasing power of many
families. As a result, the middle class
population is estimated at 30 million people
(total population 158 million).
(3)
The
measurement of social class varies and often
includes estimates of income, expenditure,
education, and occupation; all of which have
limitations.
(4) However, one common thread is
that the ‘middle class’, in any society, enjoys
living standards that the poor cannot afford. The
Bangladeshi middle class can afford to spend
more on food, clothes, and lifestyle
management (including electronics). The
change in the aggregate monthly expenditure
(1990 to 2008) of the Bangladeshi middle class
was estimated at 24.3 million.
(3) Relative to
other Asian countries, the Bangladeshi middle
class is considered small—currently; but it has
very high potential for continued growth.