Economy Of Bangladesh

Introduction: The Bangladesh economy grew by 6.7% in 2005-06, the highest ever compose since 1989-90. The growth was stimulated mainly by the manufacturing sector, which grew by 10.4%, the highest since 1997-98. approximately branches of the services sector and the normalization of production in the kitchen-gardening sector excessively contributed to the overall economic growth. On the command side, a sizeable increase in remittances and exports made a significant contribution to the growth of GDP. In 2005-06, domestic substantial outpaced domestic supply. The consumer price inflation during the fiscal rose to 7.0%, 0.56 division points above the inflation rate in 2004-05. While provisions inflation increased rapidly, higher oil price and the cordial unsoundness in the foreign exchange market were also alpha factors behind the higher inflation rate in 2005-06. stinting Growth: The growth rates in disparate sectors were as under: Sectors2004-052005-06 Agriculture:2.24.5 Agriculture and Forestry1.84.7 Fisheries 3.73.9 Industry:8.39.6 mining and quarry8.48.8 Manufacturing8.210.4 Large and medium scale8.311.0 Small scale7.99.0 Power, go down on and Water8.97.7 Construction8.38.4 Services:6.46.5 Wholesale and Retail dole out7.17.3 Hotel and Restaurants7.17.

4 Transport, memory board & Communication 7.98.2 Financial Intermediation8.97.1 Real-estate, Renting & agate line3.73.7 Public Administration & Defense8.08.2 Education7.98.0 health and social Work7.47.1 Community, Social & Personal Services4.04.1 GDP at m aker prices 5.96.9 Import duty6.52.2 GDP! growth at constant 1995-96 prices6.06.7 root: Bangladesh Bank Survey. Graph 1: Shows, the economic Growth in different Sectors & Years In terms of US Dollar, the shelter of GDP in current prices increased by 2.71% to US$ 62021 million in 2005-06 from US$ 60382 million in the forgo year. Per capita GDP stood at US$447 in...If you want to digest a full essay, order it on our website: OrderCustomPaper.com

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