Author: Mohammad Rafiqul Islam
Abstract:As a developing country, Bangladesh needs to import lots of foreign goods and materials to keep pace of economic development as well as to meet its necessary demand. It found that the overall import of Bangladesh has been grown at the annual rate of 14.8% over the last 22 year from the fiscal year 1994 to 2016. It is also observed that the year to year growth rate that is one year growth rate of import is not stable The highest rate of growth was in fiscal year 2011 compare to year 2010 which was 46.14% and the second highest growth was in the fiscal year 1995 which was 39.9%; whereas in the fiscal years 2002 and 2013 the growth rates were negative which were -2.62% and -3.07% respectively. It is observed that the growth rates of import items, which are below the overall growth rate of import, have experienced negative growths to share to the total import. It is also observed that in most cases when the growth rate (year to year) of import increase the growth rates of GDP also increase or vice versa. So it can be said that import play a very important role to pick up the GDP and as a whole the overall economy of the country which is very significant for the economic prosperous of a county.
Keywords: Import, GDP, Export, Economy, Growth
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