The economy of Sylhet is the 5th largest in the Peoples Republic of Bangladesh. It has a gross state product of $16 billion in nominal terms, and $40 billion in terms of purchasing power parity, making it the third largest behind Dhaka, Chittagong, Khulna and Rajshahi. Since the formation of Bangladesh, Sylhet has been regarded as the spiritual and cultural center of the country, and often termed as the agricultural capital of Bangladesh. Due to vast natural resources and emerging metropolitan, Sylhet is a major economic hub of the country alongside Dhaka and Chittagong. In recent years, Sylhet is experiencing major infrastructural developments, and projected to be the forefront of Bangladesh's economic growth.[citation needed] Sylhet is known for its tea plantations.[1] About 80% of the country's agar processing factories are located in Barlekha Upazila.[2]
As of 2019, Sylhet's per capita GDP is $3,050 in nominal terms and 6,250 in purchasing power parity terms, which is the second highest in Bangladesh.[citation needed] According to the World Bank, Sylhet and Chittagong have the lowest incidence of poverty in Bangladesh.[3]
^"Sylhet". Encyclopaedia Britannica.
^Siddiquee, Iqbal (19 October 2011). "Agar farming sees export markets". The Daily Star.
^"Poverty Maps of Bangladesh 2010" (PDF). World Bank. Retrieved 4 July 2020.
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