Tech and Teen
  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog
  • Technology
  • Business
  • Sports
  • Entertainments

Tech and Teen

  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog

Uber contributed BDT 45 billion to Bangladesh’s economy in 2021: Report

by Tech and Teen September 12, 2022September 6, 2022
written by Tech and Teen September 12, 2022September 6, 2022
Uber contributed BDT 45 billion to Bangladesh’s economy in 2021: Report

Uber’s 2021 Bangladesh Economic Impact Report, researched and compiled by Public First, a UK based policy research firm, was unveiled today at an event in the national capital. The Report highlights how Uber has helped transform the on-demand economy for riders, driver partners, and the wider community by generating BDT 45 billion for the Bangladesh economy in 2021.

It deep dives into the factors behind the economic contribution, consumer surplus, how users benefit, and how driver partners gain from flexible work. Key findings of the Report include:
Contribution to the Bangladesh economy
● Uber contributed an estimated BDT 45 billion to the Bangladesh economy in 2021. This includes both the impact of earnings of driver-partners facilitated by Uber, and the wider indirect and induced multiplier effect created throughout the company’s wider supply chain.
● Rides on Uber’s platform produced BDT 70 billion in consumer surplus in 2021, which is roughly equivalent to 0.25% of the GDP of the country

Impact on Riders and Drivers
● 95% of riders say that comfort is an important reason for choosing to use Uber. In a year, it is estimated that Uber saves riders over 17 million hours a year. In fact, as per Bangladeshi riders, ridesharing is the most significant transport innovation they have experienced in the last decade
● 73% of driver-partners said they were satisfied with Uber in 2021. It helps them earn an additional BDT 522 million in higher income through Uber or an average of 26% more than their next best alternative source of income or work.
Impact on Communities – Safety & Improving Access
● 96% of female riders say that safety is an important factor in their choice to use Uber, and 72% of female riders agree that it is now easier to get home late at night
● 84% of riders without access to a car said the availability of ridesharing services like Uber was important to their choice of not owning a vehicle
● In total, we estimate that 1 in 6 Uber trips connect with public transport

Commenting on the unveiling of the Report, Honourable Salman F Rahman, Private Industry and Investment Adviser to the Prime Minister, said, “Bangladesh is moving fast and this pace is accelerated by the technological innovations in the era of 4thIR. We’ve materialized the dream of “Digital Bangladesh” and are focused on achieving the “Smart and developed Bangladesh” by 2041-culmination of Golden Sonar Bangla as envisioned by the father of the nation, under the able leadership of our Honorable Prime Minister Sheikh Hasina. To achieve that goal, we need more brands like Uber to come forward and partner with us in this journey ahead. I am happy to learn about the positive impact of Uber in our transportation and economy. We’ll look forward to seeing Uber’s continued and impactful contributions in the years to come.”
Commenting on the report, Mike Orgill, Senior Director, Public Policy & Government Relations, APAC at Uber, said: “Uber has been an important engine of economic growth and opportunity in Bangladesh since 2016, but we never knew the extent of our contribution. This research shows for the first time the impact on drivers, riders and the economy as a whole. It reaffirms the importance of flexible work opportunities and how improved access to mobility is helping people move around safely and creating value for the Bangladesh economy. It makes our resolve stronger than ever before to continue working for our communities and deploying our technology and global expertise to build a ‘Smart Bangladesh’.”
You can read the full report, including the methodology here.
*One of the most important measures of economic welfare – the amount you would pay someone to voluntarily give up a good or service. If a good has a zero consumer surplus, that implies we can take or leave it – whereas goods with a high consumer surplus are playing an important role in our lives.

Uber
0 comment
0
FacebookTwitterGoogle +PinterestLinkedinWhatsapp
previous post
Winners of MyBL quiz competition enjoy free helicopter ride over Padma Bridge
next post
Businesses spending a higher percentage of technology budgets on cybersecurity, Sophos research reveals

related posts

Walton brings around 100 models of home appliances...

October 25, 2018

Nagad and Dana enable financial access to the...

March 15, 2022

Dhamaka joins hand with Paperfly for Nationwide Doorstep...

February 12, 2021

Huawei: Innovating nonstop for a greener intelligent world

April 30, 2022

GP Accelerator 2.0 launched in Dhaka

April 25, 2019

Microsoft Cloud Innovation Summit: Transforming businesses and taking...

May 1, 2019

Unilever-UNDP roundtable on ‘Safe Water’ set for Thursday

November 28, 2018

The Game Master – realme narzo 20 finally...

December 29, 2020

“Roar Bangla Talks” started its journey at EMK...

May 16, 2019

Paperfly confirms another 102 Crore BDT investment to...

April 19, 2022

First Ever 100 Mbps UNDERGROUND Fiber Optic Network...

April 25, 2019

The Altitude of Photography: OPPO F11 Pro at...

April 10, 2019

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Rakuten Viber unlocks AI capabilities with its new chatbot

    February 9, 2023
  • 5 Tech Gadgets for Teenagers that are Fun, Safe and Educational

    January 27, 2023
  • Samsung offers Galaxy Tab A at an unbeatable price

    January 20, 2023
  • CodersTrust and TechnTalents Signed MoU

    December 3, 2022

Popular Posts

  • 1

    Dotlines Group appoints Ashiqur Rahman Rean as Chief Growth Officer

  • 2

    Grameenphone Ltd. reported total revenues of BDT 7,421.8 crore for first six months of 2022

  • 3

    Internet will remain slow for few weeks

  • 4

    vivo is committed to use technology by connecting people around the world and creating an extraordinary experience for football lovers

  • 5

    Walton to bring 2 new models of smart watches

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

Mobiles

  • vivo V25 with funky display of shades and sparks

  • Predict match outcomes to win Infinix Handset

  • Oppo A17 with extraordinary features

  • Xiaomi brings new entry-level smartphone Redmi A1 for everyone

  • realme C33 with stylish design & powerful camera to hit market soon 

Popular Posts

  • 1

    Nagad MD named ‘Fintech Personality of the Year 2022’

  • 2

    Who is Hans Martin Henrichsen, the new Chief Corporate Affairs Officer of Grameenphone

  • 3

    Bikroy.com and DOVBCOL ties up

  • 4

    Walton producing world-classappliances: NBR chairman

  • 5

    Marcel unveils new brand logo

About Us

Techandteen is the vibrant tech news site in Bangladesh. It provides new tech news and latest tech news and reviews for teenagers. As a tech blog techandteen is also popular tech site and best tech site in Dhaka. We accept Guest Posts and paid Promotions.

Email : shiningbd2014@gmail.com

Dhaka, Bangladesh

Phone :  +88 00 5555

Popular Posts

  • 1

    Internet will remain slow for few weeks

  • 2

    Xiaomi offers up to Tk. 12,000/- cashback on its smartphones

Follow us on Facebook

  • Facebook
  • Twitter
  • Google +
  • Instagram
  • Linkedin
  • Youtube
  • Technology
  • Teen
  • Business
  • Sports
  • Entertainments
  • Multimedia

@ 2018-2022 - Tech and Teen. All Right Reserved.
Developed By: Deshi Hosting, Amjhupi, Meherpur.