Economic Conditions in Bangladesh

Bangladesh comes with an agrarian Economic Conditions with 32% of GDP coming from the Agriculture Sector. Bangladesh economy grew on an average at above 6. 0 percent within the last four years up to be able to FY07. According to the provisional estimates in the Bangladesh Bureau of Statistics (BBS), real GDP recorded a robust growth of 6. 5 percent in FY07, which is marginally below 6. 6percent recorded within FY06. This growth was commendable the way it was achieved in difficult environment marked by substantial and volatile oil value, phasing out of this MFA quota, labour unrest inside garment industry and confrontational political situation in the country in the first half FY07. Maintaining a favourable investment environment and a sound macroeconomic management are crucial to strengthen private sector investment in the economic conditions are raising.