Economy of Bangladesh

Topics: Gross domestic product, Purchasing power parity, Inflation Pages: 9 (2257 words) Published: May 14, 2013
Assignment on
Macroeconomic analysis of Bangladesh

Submitted to:
Mr. Md. Kazi Raihan Uddin
Department of management studies
University Of Dhaka

Submitted by:
Kaniz Fatema
Batch :16th, section:A
Department of management studies

Date of submission:01.04.2013 Table of contents

No.| Details| Page no.|
1.| Economic condition of Bangladesh and GDP analysis| 3-9| 2.| GNP and GNI| 9-11|
3.| Export trend of Bangladesh| 11-12|
4.| Import trend of Bangladesh| 13|
5.| FDI and Balance Of Payment| 14|
6.| Inflation and Exchange Rate| 15-16|
7.| References| 17|

Economic condition of Bangladesh:
The economy of Bangladesh is a rapidly developing market-based economy. Its per capita income in 2010 was est. US$1,700. According to the International Monetary Fund, Bangladesh ranked as the 44th largest economy in the world in 2011 in PPP terms and 57th largest in nominal terms, with a gross 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 few years. More than half of the GDP is generated by the service sector; 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, is the major source of foreign exchange earnings; exports of garments and textiles are the other main sources of foreign exchange earnings. GDP's rapid growth due to sound financial control and regulations have also contributed to its growth.

GDP Analysis
Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period of time.

GDP-real growth rate (%) This entry gives GDP growth on an annual basis adjusted for inflation and expressed as a percent. The graph shows that the growth rate is lowest at 4.42% but at a gradual increase it reaches at 6.63% in the year 2007. After that again the rate decreases at a slow rate and in the year 2010 it is 5.74%.

This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year.

This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. At per capita GDP the rate increases at a gradual rate from 2000 to 2010 there is a gradual increase. There is no fluctuation from the rate of 860.34 it increases to 1556.94 which shows the development in this area. Bangladesh is a developing country. Though it does not have such a rich GDP condition, its total amount of GDP of 2008 is 78,992 millions of US dollars, and purchasing power parity is 213,504 millions of International dollars. Besides this, ours GDP per capita- current prices is $624 (2010 estimate) and PPP is $1,527 International Dollars (2010 estimate). With addition, the estimated GDP (PPP) – share of world total of Bangladesh is 0.36%. National Accounting Wing of Bangladesh Bureau of Statistics produces and disseminates estimates of fiscal year based (1 July-30 June). Year| Gross domestic product,current prices| Percent Change| 2000| 47.048| 1.12 %|

2001| 47.194| 0.31 %|
2002| 49.56| 5.01 %|
2003| 54.476| 9.92 %|
2004| 59.12| 8.52 %|
2005| 61.127| 3.39 %|
2006| 65.204| 6.67 %|
2007| 73.969| 13.44 %|
2008| 84.462| 14.19 %|
2009| 94.874| 12.33 %|
2010| 105.56| 11.26 %|

Table : Sector-wise Gross Domestic Product (GDP) at Current market Price. (In Crore...
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