Uber, Bangladesh’s leading ridesharing app released its 2024 Economic Impact Report at an event in the presence of Md. Ehsanul Hoque, Senior Secretary, Road Transport and Highways Division and Mohammed Yasin, BRTA Chairman. Compiled by Public First, the report highlights Uber’s role in supporting economic growth in Bangladesh, with a total of BDT 55 billion of economic activity in the country in 2024.
In 2024, Uber’s Moto and Auto services supported BDT 9.2 billion of economic activity in Bangladesh. These services have become essential for meeting the growing demand for affordable and convenient last mile connectivity. The platform also played a key role in time savings for its riders, with 82% of riders using Uber for commuting to and from work, saving an estimated 1.1 million hours annually, valued at BDT 940 million.
The report highlights the factors driving the economic contribution of Uber in Bangladesh:
Key findings:
Supporting a wider economic footprint
● Earning Opportunities: In total, in 2024, we estimate that driver-partners earn an additional 42% a year in higher income through Uber, relative to their next best alternative type of work.
● Local Exploration: In 2023, we estimate that Uber generated BDT 2.9 billion in additional value for Bangladesh’s tourism industry, which now supports 2.14 million jobs in 2024.
● Consumer Surplus: In 2024, we estimate that rides with Uber generated BDT 669 billion in consumer surplus* for riders in Bangladesh.
Expanding opportunity
● Earning Opportunities: 50% of drivers agree that they would have fewer job opportunities without the platform
● Increased Opportunity: 76% of drivers say that Uber is the first app they have received earnings through.
Transforming Travel
● Ease of Travel: 81% of riders agree that booking with Uber is much easier than hailing a ride in the street.
● Travel Innovation: 86% of riders agree that the Uber app is an important transportation innovation.
Safety & Improving Access
● Women’s Safety: 95% of female riders say that safety is an important factor when choosing to use the Uber app. 89% of riders consider Uber to be the safest way for them to travel home.
● Accessibility: 87% of riders agree that Uber has made it easier for them to get around their city. 78% of riders say that it would be difficult to find a safe way to travel at night if ridesharing services like Uber didn’t exist.
Addressing the event, Special Guest, Mohammad Yasin, Chairman BRTA, said, The Government of Bangladesh is committed to enhancing the country’s infrastructure and economic development. In this context, Uber’s role in improving connectivity, supporting livelihoods, and promoting tourism has been notable. The ridesharing industry including Uber has made commendable efforts in leveraging technology to address transportation challenges, which contribute positively to the nation’s growth and development.
Commenting on the report, Nasheed Ferdous Kamal, Country Head for Uber Bangladesh, said, Our 2024 Economic Impact highlights Uber’s significant contribution in transforming transportation and creating work opportunities in the country. We are proud of the meaningful impact we have made on the country’s economy and remain dedicated to reshaping the mobility landscape, connecting communities and creating livelihoods.
Total views: 1202
