Trend of Foreign Currency Earnings by the Garment Sectors in Bangladesh

Abstract

This study was an attempt to know the trend of foreign exchange earnings on garment sectors in Bangladesh. Secondary data was used for the period 1983-20013 to estimate this trend. Different statistical methods and trend models were used to perform the analysis. An upward trend of exchange earning has been observed over the study period. The semi-log trend model was found to be the best fitted model for the foreign exchange earnings on garment sector in Bangladesh. The results showed significantly upward trend with a growth rate 30.918 percent in this sector. Thus it is gratifying that the garment industry of the country is expanding day by day and to increase the growth rate, Bangladesh government need to take proper action for better economy.

Key Words: Trend, Foreign currency, Economy, Garment sector, Bangladesh