Economic Census 2024 shows strong growth, rising role of SMEs
The BNP-led government’s development philosophy is rooted in data-driven planning and a people-centred economic policy, State Minister for Planning Zonayed Abdur Rahim Saki said while highlighting the importance of the latest economic census.
In line with this approach, the Bangladesh Bureau of Statistics (BBS) conducted the latest Economic Census under the project titled “Economic Census 2023” and published the National Report based on updated classifications and analysis frameworks.
According to officials, the census incorporated the Bangladesh Standard Industrial Classification (BSIC) and Bangladesh Central Product Classification (BCPC), along with rigorous processes of data analysis, verification, validation, and categorisation in line with the National Industrial Policy 2022.
The findings of the Economic Census 2024 present what officials described as a “comprehensive, dynamic, and promising” picture of the national economy.
The total number of economic units in the country surpassed 11.7 million in 2024, marking an increase of about 49.68 percent compared to 2013.
Officials said this significant growth reflects the expansion and multidimensional development of Bangladesh’s economy.
Of the total, around 7.386 million economic units are located in rural areas, while 4.317 million are in urban areas, indicating a positive trend towards inclusive development.
The census also highlights the dominance of small-scale enterprises. More than 53 percent of economic units are permanent establishments, while micro and cottage industries account for the majority.
Micro industries make up 56.67 percent and cottage industries 38.74 percent, underscoring the strong presence of grassroots entrepreneurs.
Aleya Akter, Secretary of the Statistics and Informatics Division, said BBS has been consistently working to bring the national statistical system up to international standards.
She described the publication of the final report as a significant milestone in that effort.
Analysis of the data suggests that Bangladesh’s economy is gradually becoming more service-oriented, while micro and small enterprises continue to strengthen its foundation.
Officials say this carries an important message for policymakers: development strategies must be SME-friendly, inclusive, and employment-oriented.
The report also emphasises the importance of region-wise data analysis to identify lagging areas, potential sectors, and investment opportunities, which can help ensure balanced regional development.
S. M. Shakil Akhtar, Secretary of the Planning Division, said Bangladesh is steadily progressing towards becoming a more advanced economy.
He stressed that accurate, reliable, and timely data are essential in this journey, calling the BBS initiative both timely and commendable.
He added that the census provides a realistic and comprehensive understanding of the country’s economic structure, including sectoral distribution, employment patterns, ownership structures, and the diversity of production and service activities—offering new directions for development planning.
BBS Director General Md Farhad Siddique said reliable statistics are crucial for sustainable development and evidence-based policymaking.
He noted that regular economic censuses help collect, analyse, and disseminate vital data on non-agricultural economic activities across the country.
