The market-based economy of Bangladesh is the 44th largest in the world in nominal terms, and 32nd largest by purchasing power parity; it is classified among the Next Eleven emerging market economies. According to the IMF, Bangladesh’s economy is the second fastest growing major economy of 2016, with a rate of 7.1 percent. Dhaka and Chittagong are the principal financial centers of the country, being home to the Dhaka Stock Exchange and the Chittagong Stock Exchange.The financial sector of Bangladesh is the second largest in the subcontinent.
The national GDP is $245.20 billion (nominal; 2016) and $674.279 billion by purchasing power parity (PPP) 2016. The sector wise GDP is: Agriculture 15.33 pc, Industry 31.28 pc and Services 53.39 pc.
Country’s export earnings in the just concluded financial year 2015-16 stood at $34.24 billion with a 9.72-per cent growth thanks to a commendable performance by the readymade garment sector. Export earnings in FY16 were 2.21 per cent higher than the government-set target of $33.50 billion.
According to the EPB data, the export earnings from the RMG products in FY16 stood $28.09 billion with a 10.21-per cent growth from $25.49 billion in the FY15.
The United States is the largest export market for Bangladesh. The U.S. is also one of the largest sources of foreign direct investment in Bangladesh. Bilateral trade in 2014 stood at $ six billion. The main American exports to Bangladesh are agricultural products (soybeans, cotton, wheat, dairy), aircraft, machinery, engines, and iron and steel products. American imports from Bangladesh include apparel, footwear, and textile products; toys, games and sporting goods; shrimp and prawns; and agricultural product.
We, therefore, cannot ignore the results of the US Presidency election. Anyone who is die-hard anti-Muslims, if wins, the Bangladesh economy will suffer.
Ameer Hamzah
Dhaka
The national GDP is $245.20 billion (nominal; 2016) and $674.279 billion by purchasing power parity (PPP) 2016. The sector wise GDP is: Agriculture 15.33 pc, Industry 31.28 pc and Services 53.39 pc.
Country’s export earnings in the just concluded financial year 2015-16 stood at $34.24 billion with a 9.72-per cent growth thanks to a commendable performance by the readymade garment sector. Export earnings in FY16 were 2.21 per cent higher than the government-set target of $33.50 billion.
According to the EPB data, the export earnings from the RMG products in FY16 stood $28.09 billion with a 10.21-per cent growth from $25.49 billion in the FY15.
The United States is the largest export market for Bangladesh. The U.S. is also one of the largest sources of foreign direct investment in Bangladesh. Bilateral trade in 2014 stood at $ six billion. The main American exports to Bangladesh are agricultural products (soybeans, cotton, wheat, dairy), aircraft, machinery, engines, and iron and steel products. American imports from Bangladesh include apparel, footwear, and textile products; toys, games and sporting goods; shrimp and prawns; and agricultural product.
We, therefore, cannot ignore the results of the US Presidency election. Anyone who is die-hard anti-Muslims, if wins, the Bangladesh economy will suffer.
Ameer Hamzah
Dhaka
