Economic outlook in Bangladesh

Bangladesh has a wide range of natural resources and agriculture. Coal, gas, limestone, hard rock, sand and silicon, the main raw material in different sectors in each country there is a large number. Bangladesh garment industry, textile, cotton, jute, paper, paper, tea, chemical fertilizer, cement, sugar, and in lighting technology.

To use the rear due to the lack of technology and investment, agro-industry in Bangladesh, lack of resources. State agricultural resource use under various credit well, there are a large number of marine resources. On the bright side and stepped in front of several local organizations, agricultural and marine resources. Over the past five to seven years at the time of both this sector is expected to see the most growth.

Imports and exports of major trading partners of both Bangladesh, United States, Japan, India, Australia, China, Malaysia, Indonesia, Hong Kong, South Korea, Taiwan, Saudi Arabia and the United Arab Emirates. Several European countries, including Germany and France are on the list.

Unfortunately, Bangladesh economy is still dependent on imports of consumer goods and industrial raw materials of both. This will cause the country to enjoy a huge trade deficit. Is the main import of crude oil and petroleum products, raw cotton, oil, grain, seed, petroleum products, edible oil, paper, fertilizer, capital goods, primary fiber, iron and steel.

Wide leading exporters of Bangladesh Tea, clothing, leather and leather products, seafood, oil, paper, ceramic products, urea fertilizer, raw jute and jute, jute products such as carpets and carpet backing. Flows since the early 1980s to the present, in the field of export earnings. Next there are tea and leather goods.

Bangladesh economy is more resilient against disasters, often in the past 10 years have been an economic growth rate of around 5%. In the period between 2002 - 2003, domestic savings rate of about 18.23% in 2004 and $ 275.7 billion gross domestic product. That same year, 6.5%, inflation rate of 6% and 5.23% investment rate of the gross domestic product at a uniform rate of $ 2,000 per year, the rate of industrial growth, the growth was 4.9%. In the last five years (2007-2012), where 5.5% of gross domestic product to grow at a constant rate.

Potential for investment in Bangladesh textiles, chemicals, and food-related businesses, services, glass, ceramics, and energy-related products. In recent years, many foreign investors have expressed interest in this sector.

The economic situation has evolved. Bangladesh based companies most active, for example, that many industries. ACI, a lot of Beximco Group, Navana Group, Boshundhora investment groups in certain sectors of economic growth and the most.