As per Uber’s 2021 Bangladesh Economic Impact Report, researched by Public First, a UK-based policy research firm, was unveiled in the national capital. The Report emphasizes how Uber has transformed the on-demand economy for riders, driver partners, and the broader community by generating BDT 45 billion for the Bangladesh economy in 2021. In addition, it deep dives into the factors behind the economic contribution, consumer surplus, users’ satisfaction, and how driver partners gain from flexible work. So, Uber Contributed BDT 45bn to Bangladesh’s Economy. Here are the key findings from the Report:
Contribution to the Bangladesh economy
Uber donated an estimated BDT 45 billion to the Bangladesh economy in 2021. This contains both the impact of earnings of driver-partners encouraged by Uber and the wider indirect and induced multiplier effect created throughout the company’s more comprehensive supply chain. Rides on Uber’s platform provided BDT 70 billion in consumer surplus in 2021, roughly equivalent to 0.25% of the country’s GDP.
Influence on Riders and Drivers
95% of riders say that comfort is an important reason for choosing to use Uber. 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 encountered in the last decade. 73% of driver-partners stated they were pleased 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 that safety is an important factor in their choice to use Uber, and 72% of female riders agree that getting home late at night is now easier. In addition, 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. The report estimates that 1 in 6 Uber trips connect with public transport.
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