Bangladesh Economy
Published by OurEconomy.org on November 24, 2009 filed under Bangladesh Economy · Comments (0)
Bangladesh Economy |
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It takes 74 days to start a new business in Bangladesh mainly due to the fact that the country’s economy is the 149th freest one worldwide and because of low investments’ existence. There are many confusing regulations present in conducting business.
GDP real growth rate manifested 6.3% in 2007. According to CIA World Factbook, $208.3 billion is the indicator of the country’s GDP with the percentage of 50 regarding services sector.
Though, inflation almost touched double figures showing 9% in 2003. In addition to this, black market activity was the government’s concern in recent years. And in spite of $16.67 billion imports and $12.45 billion exports, there still exists the so-called trade barrier causing trouble for Bangladesh economy.
However, the government is trying to make some attempts to improve economic conditions. In other words, corruption, regional instability and climate change are in the list of Bangladesh government’s economic worries.
Topics: Bangladesh Economy
