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Current Balance of Payments(BoP) Position of Bangladesh

Current Balance of Payments(BoP) Position of Bangladesh …

Experts say, the remittance inflow of Bangladesh will be double if, and only if our existing manpower learn the language of the country they work in.

Macroeconomics Lab

One country’s economic performance is reflected through its Balance of payment. Balance of payments (BoP) accounts is an accounting record of all monetary transactions between a country and the rest of the world. Bangladesh is not different so. The improvement of its economy also depends on the performance of its Bop. According to a World Bank report published in 2012, The Current account balance (BoP; US dollar) in Bangladesh is 926.19 billion (World Bank indicators).

Import dependence is one of the weaknesses of BoP. The growth of import is significantly higher than that of export. If we can reduce the import dependency or increase the level of export, then it will help reduce the pressure on of our BoP. As our growth of export is lower than that of import most of the time our trade balance is negative. Bangladesh recorded a trade deficit of 1076.01 USD Million in August…

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