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Economy is the life blood of a country.
The stronger the economy of a nation is, the
more developed will the country be. Bangladesh, one of the developing countries of the world, has a rapidly developing market-based economy with an estimated US$1700 per capita income in 2010. The country has a population of estimated 14 billion. Even with such a big population, the country is trying to keep its head above water in the world of laissez-fair. According to the International Monetary Fund, Bangladesh ranked as the 47 th largest economy in the world in 2010 in PPP terms and 57 th largest in nominal terms, among the Next Eleven or N-11 of Goldman Sachs and D-8 economies, with a GDP of US$269.3 billion in PPP. The economy has grown at the rate of 6-7% p. a. over the past few years. Therefore, more than half of the GDP belongs to the service sector, a major number of nearly half of Bangladeshis are employed in agriculture sector, with RMG, textiles, leather, jute, fish, vegetables, leather as other important products. Manufacturing and industry is an important sector of the economy of Bangladesh. Many new jobs- mostly for women- have been created by the countrys dynamic private ready-made garment industry, which grew at double-digit rates through most of the 1990s. It overtook India in apparel export in 2009 reaching US$2.66 billion.