Uber made BDT 45 billion in economic contributions to Bangladesh Last year: report

News Desk : dhakamirror.com

Public First, a UK-based policy research firm, conducted the research and produced the Ubers 2021 Bangladesh Economic Impact Report, which was released today at a ceremony in the capital. The study shows how Uber is helping to transform the on-demand economy for users, driver partners and the general public by producing 45 billion BDT for Bangladesh’s economy in 2021.

It goes deep into the factors behind the economic contribution, consumer surplus, user benefit and driver partner benefit of flexible working. Key findings of the report include:

Contribution to the economy of Bangladesh
Uber contributed an estimated BDT 45 billion to Bangladesh’s economy in 2021. This includes both the impact of driver partner revenue enabled by Uber and the broader indirect and induced multiplier effect created throughout the company’s supply chain. Rides on the Ubers platform produced BDT 70 billion in consumer surplus in 2021, which is roughly 0.25% of the country’s GDP.

Effects on riders and drivers
95% of riders say convenience is a key reason to choose Uber. It is estimated that Uber saves riders over 17 million hours a year. According to Bangladeshi passengers, ridesharing is the most significant transportation innovation they have experienced in the past decade. 73% of driver partners said they were happy 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
96% of female riders say safety is an important factor in their decision to use Uber, and 72% of female riders agree it’s 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 in their decision not to own a vehicle. Overall, the report estimates that 1 in 6 Uber trips involves public transit.

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