Trend of Foreign Exchange Earnings by the Visitors in Bangladesh

Taj UDDIN
Anamul HUQ
Nazrul ISLAM
Ohid ULLAH

Keywords

Visitors, Trend, Foreign exchange, Tourism industry, Economy

Abstract

This study was an attempt to know the trend of foreign exchange earnings by the visitors in Bangladesh. To estimate this trend, secondary data was used for the period 1986-2008. Different statistical techniques 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. The results showed significantly upward trend with a growth rate 18.05 percent per year. Thus it is gratifying that the tourism industry of the country is expanding day by day and to increase the growth rate government and non-government organization need to take proper action for better economy.