Purpose of the case study is to understand current economy scenario of Bangladesh. What all sectors contribute in growth of its economy? How we can define growth of economy?
As Bangladesh was formed in 1971 and since then its very less time for an economy to grow from stretch. However, through GDP as a parameter through which I tried analyzed the current economic situation of this country. It is country situated in South Asia. Bangladesh formed in 1971 after Bangladesh Liberation War. Its market based is 42nd largest in the world. Its economy is second fastest growing with 7.1%. Its economy is largely driven by garments, remittance and agriculture. Other sectors which contributed to country’s GDP are; textile, seafood, leather goods and shipbuilding. It also helps Indian, Nepal and Bhutan with its seaports.
GDP is monetary measure of the market value of final goods and services produced in a year. Nominal GDP is calculated to determine the economic performance of a country for international comparisons.