Expanding exports and increased remittances from workers abroad, has fueled expectations of Bangladesh's economy to grow by 6.5 percent, according to a forecast by the Asian Development Bank.
Garment exports posted a rise of 11 percent achieving export value of $6.89 billion in 2005, as reported by Bangladesh's Export Promotion Bureau.
Remittances from workers working abroad jumped 20 percent to the highest level of $4.1 billion in 2005.
Gross domestic product is expected to rise 6.5 percent for the current year to June, a 5.6 percent increase compared to the previous year.
Bangladesh is one of the world's fastest growing economies registering an average growth of over five percent since 1990.
Bangladesh's readymade garment exports, recorded double-digit growth in 2005, even in the face of cancellation of global textile quotas beginning last year, a creditable performance by all standards.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
