What is Bangladesh average labor costs?

According to the International Labour Organization (ILO), the average labor cost in Bangladesh was $0.72 per hour in 2020. This figure includes both direct and indirect labor costs, such as wages, benefits, and taxes. Bangladesh has one of the lowest average labor costs in the world, making it an attractive destination for foreign investment. However, labor costs have been rising in recent years, driven by factors such as increased demand for labor and inflation.