Bd One Of The Fastest Growing Economies In The World!

[GoldenAsif]

This is from an Australian site.

Bangladesh is forecasting economic growth of 6.53 per cent for the year ending June.

Its statistical agency also notes that per capita GDP will rise above 500 US dollars for the first time.

The Bangladesh Bureau of Statistics says the main driver in the economy this year was a 13 per cent gain in industrial output, mainly related to textiles, while the farm sector lagged.

It says the economy would have grown a record seven per cent had not agriculture posted negative growth and the construction and retail sectors fared poorly.

A Bureau spokesman says farm output, once a mainstay of the Bangladesh economy, fell 0.87 per cent in the current year because of patchy rains.

Bangladesh has been one of the world's fastest-growing economies in recent years, expanding an average five per cent since the early 1990s.

http://www.radioaustralia.net.au/new...s/s1891329.htm

Now, I don't know much about economics but I looked up per capita GDP on google and I found that according to wikipedia we are ranked 156 and we had per capita GDP (nominal) of $451 if it is now $500 that means we have just moved up a few spaces to 153, however these statistics don't give the full picture. A country such as Mauritania is ranked 131 but is mainly desert and does not have skyscrapers, big shopping malls, sophisticated transport system e.g. flyovers in the capital and so on, which Bangladesh does. Pakistan and India are both ranked below Mauritania. Do, Pakistan and India despite their poverty, their political instability (this year has seen suicide bombing in Islamabad and other cities and this week massacres of Shias and Sunnis Pakistan, whereas India is full of ethnic-based guerilla groups as well as communist groups who kill policemen for example) are inferior economically to Mauritania?













(Pictures of Dhaka)


However I think in the next 5 years BD will do very well and I have heard that by the end of this year we may have double digit economic growth for the first time. Our economy is going to shoot up due to these following factors.

1. New government is sorting out the power/energy shortage problem which impedes our growth.

2. New government is insuring state money is not stolen by politicians but is spent for the public good.

3. There is planned to be a new mega-port built in the south-east of the country.

4. Relations with India are very good and economic ties are developing and BD will export gas and other things to India.

5. FDI has been going up recently and is going to soar once investors find BD a investment-friendly country with reduced corruption and political instability.

The future is bright.