Bangladesh Economy

The parsimony of Bangladesh is a rapidly developing market-based economy Its per capita income in 2010 was est. US$1,700 (adjusted by purchasing power parity). According to the internationalist Monetary Fund, Bangladesh ranked as the 43rd largest economy in the world in 2010 in palatopharyngoplasty terms and 57th largest in nominal terms, among the Next Eleven or N-11 of Goldman Sachs and D-8 economies, with a coarse domestic product of US$269.3 billion in PPP terms and US$104.9 billion in nominal terms. The economy has grown at the rate of 6-7% per annum over the past some socio-economic classs. More than half of the gross domestic product is generated by the service orbit; while nearly half of Bangladeshis are employed in the agriculture sector. Other goods produced are textiles, jute, fish, vegetables, fruit, leather and leather goods, ceramics, ready-made goods.
Remittances from Bangladeshis working overseas, mainly in the Middle East, are the major source of foreign exchange earnings; exports of garments and textiles are the new(prenominal) main sources of foreign exchange earnings.
Average Growth crop of GDP (Based on 5-Year Average)

Figure shows that five-year GDP growth way of life of Bangladesh. It is observed that:

* During the first decade after independence fair(a) GDP growth more or less remained below
4%. Since the late eighties it started moving upward.





* In the nineties it grew at an average rate of 5%; between fiscal year 2001-2005 the economy
posted an average growth rate of 5.46%.
* During the period 2006-20010, it grew at an average rate of 6.2%.




Contributions to GDP (As Percent of GDP) :

Figure 1.7 shows that:

The largest member of GDP is custom. Since 1980-81 there has been a secular decline of consumption as percent of GDP.

In contrast, the share of investment went up from 17.6% in 1980-81 to 24.2% in 2007-08.

Export as percent of GDP was 4.1% in 1980-19981 and it went up to 16.0 % in 2007-08.
Likewise import as percent of GDP was 13.3% in 1980-81 and...If you want to get a full essay, order it on our website: Orderessay



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