The US government’s development arm, USAID, conducted the study named Comprehensive Private Sector Assessment or PSA and shared that in a programme on Tuesday in Dhaka.
In 2018-19, Bangladesh earned $40.53 billion by exporting goods. But 85 percent of the earnings came from the RMG sector.
The embassy said the US government through the USAID conducted the study in a show of bilateral support towards strengthening Bangladesh’s economy through diversification.
The assessment did not cover some traditional industries, including the energy sector as a whole.
The embassy said in collaboration with Bangladesh government, they will analyse the priority sectors identified in the report to explore specific strategies for investment and increased engagement with the local private sector in these fields.
The Inspira Advocacy and Consultancy Ltd, a Bangladeshi private consultation firm, helped to conduct the study between October 2018 and July 2019.