Report On Bangladesh Economy

2015
Bangladesh:
The Economy
Prepared for
Green Delta Securities Ltd
Green Delta AIMS Tower (2nd floor),

51-52, Mohakhali C/A, Dhaka-1213, Bangladesh.
Tel : +88 029898367
Fax : 88 029898340
Web address: www.gdslbd.com
Preface
Bangladesh is considered as an emerging economy now a day with enormous growth potential.
Because of its favorable investment climate, Bangladesh is holding a position of 19th whereas
Pakistan holds 25th, India 38th and Sri Lanka 70th position by World Banks Investor protection
ranking.
Bangladesh is listed in Goldman Sachs next 11 and JP Morgans Frontier Five for a high
potential of becoming the worlds largest economies in the 21st century along with BRICS
(Brazil, Russia, India, China and South Africa). The Guardian, a well renowned UK daily, has
reported Bangladesh in eleven countries list often called as New Wave Countries.
Bangladesh economy is now moving on a path of rapid and sustained growth. The economy is
increasingly led by export oriented industrialization. Our textile is the 2nd largest in the world.
Lowest labor cost is the main competitive advantage of our country over competitors and thats
why our main industry is textiles. Other advantages are existing trade concessions (for exampleBD enjoys duty free access to EU. Pharmaceuticals, shipbuilding, ceramics, leather goods are
other major industries. Agriculture plays a crucial role here as it is situated on one of the most
fertile land on earth. Almost half of the population is employed in this sector. Bangladesh is
currently holding 5th place in the global production of fish and sea food. Remittances from
abroad provide a vital foreign exchange. BD telecom industry grew rapidly over the last 15
years and is dominated by foreign investors. We have substantial reserves of natural gas, coal
etc and a lot of international energy companies are involved in production and exploration
activities, including the bay of Bengal. Regional neighbors are keen to use Bangladeshi ports
and railways for transshipment. Located at the crossroads of SAARC, BIMSTEC, the ASEAN+ and
the Indian Ocean, Bangladesh has the potential to emerge as a regional logistics hub.
The economy of Bangladesh has experienced an improvement in the stability over the years.
The position is also good in Global Happiness Index (108 points in 2012) and in Human
Development Index (118 points in 2012).
Acknowledgement
Capital market is a source of financing for companies around the world. It plays an important
role to the functioning of an economy as capital is a critical component for generating economic
output. Whenever an investment decision is made, it is obvious and beneficial for the investors
and the stakeholders to analyze the economic condition of that particular country for the
optimal interpretation of the investment opportunities and condition. This report is made to
serve that intention best possible. I gathered a lot of information from Bangladesh Economic
Review-2014 and www.tradingeconomics.com (more than 40,000 page views everyday from
more than 200 countries) where all the information are taken from official sources of
Bangladesh like Bangladesh bureau of Statistics, National bureau of Revenue, Export Promotion
Bureau, Bangladesh Bank and also World Bank and thereby avoided third party data. Other
sites like www.investopedia.com, www.economist.com etc was also helpful.
I am very thankful to MD. Shafayat Hossain, Assistant Professor, Department of Accounting &
Information Systems, Faculty of Business Studies, University of Dhaka, (Phone: 01729090444)
for his tremendous support obvious to do this report. Also thanks to Abdul Alim Baser, Lecturer,
Department of Accounting, Barisal University, (Phone: 01814750380), Mahmud Rahman,
Assistant Professor, University of Asia Pacific, (Phone: 01741763926) and Mrs. Amena, Senior
Lecturer, Department of Economics, Ideal School & College, Motijheel, Dhaka (Phone:
01920858315) for their time and contribution in this report.
I would like to thank to my reporting head Mr. Asad Murshed Bin Sher Ali for giving me the
scope to contact with different resource persons outside the organization. Thanks to Mr.
Humayun Habib for his support. Special thanks to Mr. Maruful Hoque Chowdhury who helped
me providing a lot of resources. Thanks to everyone of our GDSL family.
Finally I am expressing my deep gratefulness to our CEO, Mr. Wafi Shafique Menhaz Khan for
his continuous support, motivation and utmost patience. Thank you, Sir.
This report will be updated time to time both information and standard wise to ensure best
outcome. As it is no exception of mistakes, it will be an honor to embrace all kinds of
suggestions and corrections to make the report better.
THANK YOU.
Ihsan Saleheen
EO and Assistant Manager,
Green Delta Securities Ltd.
3
Bangladesh: At a glance
General Information:
Official name:
The Peoples Republic of Bangladesh
Independence:
16th December, 1971 against Pakistan after 9 months of liberation war
Political System:
Parliamentary Democracy
Capital:
Dhaka
Time zone:
GMT + 6 hours
Major cities:
Dhaka, Chittagong, Khulna, Rajshahi, Sylhet, Barisal, Rangpur
Principal rivers:
Padma, Meghna, Jamuna, Brahmaputra, Teesta, Surma and

Karnaphuli. (Total 310 rivers including tributaries).
Principal industries:
Readymade garments, pharmaceuticals, cements, garment accessories,

Chemicals, fertilizers, newsprint, leather and leather goods, paper, sugar,
Jute, ship building.
Principal exports:
Readymade garments, frozen foods (shrimps), leather, leather products,

jute, jute products, tea, ceramic, textile fabrics, home textile, chemical
product, light engineering products including bi-cycle.
Agro- products:
Rice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds,

spices, fruit; beef, milk, poultry.
Industries:
Jute, cotton, garments, paper, leather, fertilizer, iron and steel, cement,
petroleum products, tobacco, pharmaceuticals, ceramics, tea, salt,
sugar, edible oils, soap and detergent, fabricated metal products,
electricity, natural gas.

Labor force - by occupation:
agriculture: 47%
industry: 13%
services: 40%
Fiscal year:
1 July - 30 June
Exports -commodities:
Garments, knitwear, agricultural products, frozen food (fish and

seafood), jute and jute goods, leather.
Exports - partners:
US 18.7%, Germany 15.8%, UK 10.2%, France 6.2%, Spain 4.6%,

Canada 4.3%, Italy 4%.
Imports -commodities:
Machinery and equipment, chemicals, iron and steel, textiles,

foodstuffs, petroleum products, cement.
Imports -partners:
China 21.7%, India 16.3%, Malaysia 5.2%, Republic of Korea 4.5%,

Japan 4.1%.
Source: Bangladesh Bureau of Statistics
Geography
Between 200 34' and 260 38' north latitude and between 880 01'
Location:
and 920 41' east longitude.

Boundary:
North: India; West: India; South: Bay of Bengal; East: India and Myanmar
Area:
56,977 sq. miles or 147,570 sq. km.
Territorial water:
12 nautical miles Territorial Sea, 200 nautical miles Economic Zone.
Main seasons:
Summer (March-May), rainy season (June-September) and winter

(December-February)
Climate variations:
Season
Pre monsoon
Monsoon
Post monsoon
Winter
Annual
Temperature
maximum
minimum
32.60C
31.50C
30.50C
26.50C
30.40C
22.40C
25.50C
21.40C
13.90C
21.20C
Rainfall
Relative
humidity
453 mm
1,733 mm
210 mm
44 mm
203 mm
74%
86%
80%
73%
78%
Principal seasonal crops and fruits: Paddy, jute, wheat, tobacco, pulses, oil seeds, spices,
vegetables, jack-fruit, banana, mango, coconut, pineapple.
Natural resources:
Natural gas, coal, lime, white clay, granite, glass sand.
National Demographics
Total population (million)
152.51
Male (million)
76.35
Female (million)
76.16
Annual growth rate
1.37%
Sex ratio (males per 100 females)
100.3
Density (per sq km)
1015

Source: Projections as per previous report, Bangladesh Bureau of Statistics
Ports
Sea ports
Seaports
Inland river ports
Airports:
International airports
Domestic airports
Landports:
Chittagong and Mongla.

Dhaka, Chandpur, Barisal,
Khulna, Baghabari,
Sharishabari, Narayanganj,
Bhairab Bazar, Ashuganj.
Dhaka, Chittagong and Sylhet.
Chittagong, Jessore, Sylhet,
Cox's Bazar, Syedpur, Rajshahi
and Barisal.
Benapole, Teknaf,
Banglabandha, Sonamasjid,
Hilli, Darshana, Birol,
Burimari, Tamabil, Haluaghat,
Akhaura, Bibirbazar and
Bhomra.
Source: Statistical Pocket Book Bangladesh-2009, Bangladesh Bureau of Statistics
Communications
Radio stations:
Dhaka, Chittagong, Rajshahi, Khulna, Rangpur, Sylhet, Rangamati,

Comilla and Thakurgaon
Television stations:
Dhaka, Chittagong
Relay stations
Chittagong, Sylhet, Khulna, Natore, Mymensingh, Rangpur,

Noakhali, Satkhira, Cox's Bazar, Rangamati and Thakurgaon.
Television channels:
Terrestrial: BTV
Satellite: BTV World, Channel-I, NTV, ATN Bangla, Bangla Vision,
Boishakhi TV, , Desh TV, ETV, RTV, My TV,
Daily Newspaper:
Daily Prothom Alo, Daily Ittefaq, Daily Kaler Kontha,

Daily Janokantho, Daily Jugantor, Daily Bhorer Kagoj, Daily Star,
Daily Independent, Daily Financial Express, Daily News Today etc.
Source: Statistical Pocket Book Bangladesh-2009, Bangladesh Bureau of Statistics
Index
SL No
Particulars
Page no
1
2
3
4
Preface
Acknowledgement
Bangladesh: At a glance
Sector wise Real GDP growth rate: (Base year 2005-06)
Consumption, Savings and Investment: (% of GDP)

Base year: 2005-06
13
GDP at constant price (Real GDP): Base year 2005-06
13
GDP Annual growth rate
14
8
9
10
11
12
13
GDP Per Capita

GDP per Capita PPP
GNP
Gross fixed Capital Formation
Interest rate
Interbank rate: Average of one month
15
16
17
18
19
20
14
15
16
Loans to private sector

Gold Reserves
Money Supply (M0, M1, M2 and M3)
21
22
23
17
18
19
20
21
Corporate Tax Rate

Personal Income Tax Rate
Value Added Tax (VAT) Rate
Inflation Rate
Consumer Price Index (CPI)
24
25
26
27
28
22
23
24
25
26
Export prices
GDP Deflator
Import prices
Food Inflation
Balance of Trade
29
30
31
32
33
27
Capital flows
34
28
Current Account
35
9
2
3
4-8
12
29
Current Account to GDP
36
30
Exports
37
31
External Debt
38
32
Imports
39
33
Terms of Trade
40
34
Foreign Exchange Reserves
41
35
36
Latest Data on Foreign Exchange Reserves

Foreign Direct Investment
42
43
37
38
Remittances
NO of Immigrants (Employed): (000)
44
46
39
Unemployment Rate
47
40
Employed persons
47
41
Population
48
42
43
44
45
46
47
48
Wages
Consumer Spending
Disposable Personal Income
Personal Savings
Government Budget
Government Budget Value
Government Debt to GDP
49
50
51
52
53
54
55
49
50
Government Spending
Govt Spending % to GDP: Base year (2005-06)
56
57
51
52
53
54
Crude Oil Production

Manufacturing Production
Revenue
Revenue compared to % of GDP: (Base year 2005-06)
58
59
60
61
55
56
Govt loan from internal sources

Bank deposit
62
62
10
57
58
59
60
61
External Sources
Income from Export
Import Expenditure
Average exchange rate of BDT vs USD
Velocity of money:
63
63
65
67
68
62
Currency reserve: % of change over years
68
63
64
Concluding Remarks
References
69
70
11
Sector wise Real GDP growth rate: (Base year 2005-06)

Sectors
2009-10
2010-11
Agriculture
6.55%
3.89%
Fishery
4.6%
6.69%
Mining
8.15%
3.62%
Industry
6.65%
10.01%
(Manu.)
Electricity, Gas, 9.97%
13.36%
Water
Construction
7.21%
6.95%
Wholesale and 5.85%
6.69%
retail trade
Hotel and
6.01%
6.2%
restaurants
Transport and
7.55%
8.44%
Communication
Service of
6.25%
10.44%
Financial sector
Real estate,
3.85%
3.88%
rent and others
Public
8.23%
8.84%
administration
and defense
Education
5.18%
5.63%
Health and
6.83%
6.34%
social service
Community,
3.21%
3.23%
social and
personal
service
GDP growth
5.57%
6.46%
rate at
constant price
12
2011-12
2012-13
2.41%
5.32%
6.93%
9.96%
1.47%
6.18%
9.35%
10.31%
2013-14
(temp)
2.46%
6.49%
5.22%
8.68%
10.58%
8.99%
7.4%
8.42%
6.70%
8.04%
6.18%
8.56%
6.57%
6.39%
6.49%
6.7%
9.15%
6.27%
6.47%
14.76%
9.11%
9.12%
3.92%
4.04%
4.24%
7.53%
6.53%
7.06%
7.75%
3.81%
6.30%
4.76%
8.22%
5.02%
3.25%
3.25%
3.27%
6.52%
6.01%
6.12%
Consumption, Savings and Investment: (% of GDP) Base year: 2005-06

Particulars
2009-10
2010-11
Consumption: 79.14%
79.30%
Govt
5.07%
5.09%
Private
74.06%
74.21%
Investment:
26.23%
27.39%
Govt
4.67%
5.25%
Private
21.56%
22.14%
Internal
20.86%
20.70%
savings
National
29.49%
28.95%
savings
2011-12
2012-13
78.78%
5.04%
73.74%
28.26%
5.76%
22.50%
21.22%
77.96%
5.12%
72.85%
28.39%
6.64%
21.75%
22.04%
2013-14
(Temp)
76.57%
5.20%
71.38%
28.69%
7.30%
21.39%
23.43%
29.86%
30.53%
30.54%
GDP at constant price (Real GDP): Base year 2005-06

Particulars 2009201020112012201310
11
12
13
14 (Jan)
GDP
3608.45 3850.5 4093.78 7298.97 7745.39
BDT Billion Source: (www.tradingeconomics.com I Bangladesh Bureau of Statistics)
GDP
9000
8000
7298.97
7745.39
BDT Billion
7000
6000
5000
4000
3608.45
3850.5
4093.78
2009-10
2010-11
2011-12
3000
2000
1000
0
13
2012-13
2013-14 (Jan)
Highlights:
The monetary value of all the finished goods and services produced (by the nationals
and the foreigners) within a countrys border in a specific time period. GDP is the main
indicator which actually indicates the economic health of the country. It is usually
calculated on annual basis. It is calculated based on GDPs base year value. So we get a
GDP which is inflation adjusted. It is also called as the real GDP.
GDP Constant prices in Bangladesh averaged 3901.74 BDT Billion from 2003 until 2014.
All time high of 7745.39 BDT Billion and a record low of 2372.59 BDT Billion in 2003.
GDP Annual growth rate:

Particulars 200910
GDP
6.07%
Annual
growth
rate
201011
6.71%
201112
6.32%
201213
6.01%
201314
6.12%

Source: (www.tradingeconomics.com I Bangladesh Bank)
GDP Annual growth rate

6.80%
6.71%
Percentage (%)
6.60%
6.32%
6.40%
6.20%
6.12%
6.07%
6.01%
6.00%
5.80%
5.60%
2009-10
2010-11
2011-12
14
2012-13
2013-14
GDP Per Capita:

Particulars 2010
2011
2012
2013
2014
GDP Per
513.77 539.1 568.73 597.02 625.34
Capita
USD
Source: www.tradingeconomics.com I World Bank)
GDP Per Capita

700
600
513.77
539.1
568.73
597.02
625.34
US Dollars
500
400
300
200
100
0
2010
2011
2012
2013
2014
Highlights:
We find it through the following formula:
GDP Per Capita= GDP/Population
It is especially useful when comparing one country to another because it shows the
relative performance of the countries. It is used as an indicator of standard of living,
with higher per capita GDP is interpreted as having a higher standard of living.
The GDP Per Capita in Bangladesh is equivalent to 5% of the worlds average
GDP Per Capita in Bangladesh averaged 317.41 USD from 1960 until 2013
All time high of 625.34 USD in 2013 and a record low of 219.28 USD in 1972
15
GDP per Capita PPP:

Particulars 2010
2011
2012
2013
2014
GDP Per
2034.2 2134.5 2251.8 2363.83 2475.97
Capita
PPP
USD
GDP Per Capita PPP

3000
US Dollars
2500
2000
2034.2
2134.5
2010
2011
2251.8
2363.83
2475.97
1500
1000
500
0
2012
2013
2014
Highlights:
When the GDP is converted to international dollars using PPP rates, it is called GDP per
Capita PPP. The best way to compare the information is given below:
Particulars
December, 2013
GDP Per Capita
625 USD
GDP per Capita PPP
2476 USD
GDP per Capita PPP in Bangladesh averaged 1570.70 USD from 1990 until 2013
All time high of 2475.97 USD in 2013 and a record low of 1067.55 USD in 1990
16
GNP:
Particulars 2009-10
2010-11
2011-12
2012-13
2013-14
GNP
3944.19
4200.97
4488.39
7886.02
8261.49
(BDT Billion) Source: (www.tradingeconomics.com I Bangladesh Bureau of Statistics)
GNP
9000
7886.02
8000
8261.49
BDT Billion
7000
6000
5000
4000
3944.19
4200.97
4488.39
2009-10
2010-11
2011-12
3000
2000
1000
0
2012-13
2013-14
Highlights:
We get GNP by the following formula:
GNP= GDP + Income earned by residents from overseas investments Income
earned within the domestic economy by overseas residents. But to indicate the
economic health of the country, GDP is better measure than GNP for some obvious
reasons.
GNP in Bangladesh averaged 4181.75 BDT Billion from 2003 until 2014
All time high of 8261.49 BDT Billion in 2014 and a record low of 2483.46 BDT Billion in
2003
17
Gross fixed Capital Formation:

Particulars 2009
2010
2011
2012
2013
2014
Gross
1498.39
1695.11
2003.78
2436.91
3403.7
3875.14
fixed
Capital
Formation
(BDT Billion) Source: (www.tradingeconomics.com I Bangladesh Bureau of Statistics)
Gross fixed Capital Formation

4500
3875.14
4000
3403.7
BDT Billion
3500
3000
2436.91
2500
2000
1500
1498.39
1695.11
2003.78
1000
500
0
2009
2010
2011
2012
2013
2014
Highlights:
Gross fixed capital formation in Bangladesh averaged 1771.83 BDT Billion from 2003
until 2014
2003
18
Interest rate:
Particulars
Interest rate
March, 2013
7.25%
March, 2014
7.25%
March, 2015
7.25%
Interest rate
8.00%
7.25%
7.25%
7.25%
March, 2013
March, 2014
March, 2015
Percentage (%)
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Highlights:
It is actually the weighted average rate of fixed deposit rate and savings account rate.
Interest rate in Bangladesh averaged 7.25% from 2008 until 2014
All time high of 8.75% in September,2008 and a record low of 4.5% in October,2009
19
Interbank rate: Average of one month

Particular
s
Average
one
month
Interbank
rate
Jun,1
4
6.5%
Jul,1
4
6.25
%
Aug,1 Sep,1
4
4
6.68% 6.52
%
Oct,1
4
6.86
%
Nov,1
4
8.41%
Dec,1 Jan,1
4
5
7.77% 7.93
%
Feb,1
5
8.57
%
Mar,
15
8.21
%
Apr,
15
7.66
%
8.41%
9.00%
8.00%
Percentage (%)
7.00%
6.50%
6.25%
6.68%
6.52%
7.77%
7.93%
8.57%
8.21%
7.66%
6.86%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
15
Jun,14
Jul,14
Aug,14 Sep,14
Oct,14 Nov,14 Dec,14
Jan,15
Feb,15 Mar,15
Apr,
Highlights:
Interbank rate is not call money rate. Call money rate is applied for too short term
period like few days. Interbank rate is applied for some period longer than the previous
such as 1 month or few.
Interbank rate in Bangladesh averaged 8.51% from 1997 until 2015
All time high of 33.54% in December, 2010 and record low of 0.74% in August, 2009
20
Loans to private sector:

Partic Feb, Mar, Apr, May, Jun, Jul,
Aug, Sep,
ulars
14
14
14
14
14
14
14
14
Loan
4435 4466 4524 4578 4608 4727 4733 4794
to
.23
.99
.22
.57
.17
.01
.05
privat
e
sector
BDT Billion Source: (www.tradingeconomics.com I Bangladesh Bank)
Oct,
14
4880
.32
Nov,
14
4915
.85
Dec,
14
4973
.28
Jan,
15
5096
.86
Feb,
15
5077
.31
Loan to private sector

5200
BDT Billion
5000
4800
4600
4435.23 4466
4524.99
4578.22 4608.57
4727.17 4733.01
4794.05
4880.32 4915.85
4973.28
5096.86 5077.31
4400
4200
4000
14
14
14
Feb, Mar,14 Apr, 14 May, 14 Jun,
Jul,
14
Aug, 14 Sep, 14
Oct,
14
Nov, Dec,14
15
Jan,
Feb, 15
Highlights:
Loan to private sector in Bangladesh averaged 1302.56 BDT Billion from 1990 until 2015
All time high of 5096.86 BDT Billion in December, 2014 and a record low of 152.33 BDT
Billion in July of 1990
21
Gold Reserves:
Particular Jan,12
s
Gold
13.51
Reserves
Jul,12
Jan,13
Jul,13
Jan,14
Jul,14
13.51
13.51
13.51
13.51
13.74
Source: (www.tradingeconomics.com I World Gold Council)
Gold Reserves
13.8
13.74
13.75
13.7
Tonnes
13.65
13.6
13.55
13.51
13.51
13.51
13.51
13.51
Jan,12
Jul,12
Jan,13
Jul,13
Jan,14
13.5
13.45
13.4
13.35
Jul,14
Highlights:
Gold reserves in Bangladesh averaged 6.37 tons from 2000 until 2014
All time high of 13.74 tons in the third quarter of 2014 and a record low of 3.29 tons in
the first quarter of 2000
22
Money Supply (M0, M1, M2 and M3):

Particulars
Narrow
Money
(M0 + M1)
Broad
Money
(Narrow
money
BDT Billion
June,2010
879.88
June,2011
1031.01
June,2012
1097.21
June,2013
1236.03
Feb,2013
1148.44
Feb,2014
1322.78
32.46%
3630.31
17.18%
4405.20
6.42%
5171.10
12.65%
6035.05
10.34%
5716.82
15.18%
6623.11
22.44%
21.34%
17.39%
16.71%
18.90%
15.85%
Source: Bangladesh Bank
BDT Billion
Money Supply (M0, M1, M2,M3)

7000
6000
5000
4000
3000
2000
1000
0
Narrow
Money (M0 +
M1)
June,2010
Broad Money
(Narrow
money
June,2011
June,2012
June,2013
Feb,2013
Feb,2014
Highlights:
M0 is the most liquid measure of the money supply including coins and notes in
circulation and other assets that are easily convertible into cash. M0 and M1 are known
as narrow money. M2 is called short term deposits in banks and M3 is called long term
deposits in banks. We get the Broad money after adding the term deposits with Narrow
money.
23
Corporate Tax Rate:

Particulars 2009
Corporate 27.5
Tax Rate
2010
27.5
2011
27.5
2012
27.5
2013
27.5
2014
27.5
Source: (www.tradingeconomics.com I National Board of Revenue, Bangladesh)
Corporate Tax Rate

30.00%
27.50%
27.50%
27.50%
27.50%
27.50%
27.50%
2009
2010
2011
2012
2013
2014
Percentage (%)
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
Particulars
Publicly traded Co
Non Publicly traded Co
Bank, Insurance and financial Co ( Except
Merchant Bank)
Merchant Bank
Cigarette Manufacturing Co
Publicly traded Cigarette Manufacturing Co
Mobile phone operator
Publicly traded Mobile phone Co
Tax Rate
27.5%
37.5%
42.5%
37.5%
45%
40%
45%
40%
24
Percentage (%)
Tax Rate
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
37.50%
42.50%
45%
37.50%
40%
45%
40%
27.50%
Highlights:
Corporate tax rate in Bangladesh averaged 31.39 percent from 1997 until 2014
All time high of 40 percent in 1998 and a record low of 27.50 percent in 2009
If any Publicly traded Co declares more than 20% dividend, then tax rate is 24.75%
If any publicly traded Co declares less than 10% dividend, then tax rate is 37.50%
Personal Income Tax Rate:

Highlights:
Particulars
Male
Particulars
Female and Persons

above 65 years
First 220000
Nil
First 250000
Nil
Next 300000
10%
Next 300000
10%
Next 400000
15%
Next 400000
15%
Next 300000
20%
Next 300000
20%
Rest
25%
Rest
25%
For retarded taxpayers, threshold limit is BDT 3,00,000
Source: National Board of Revenue, Bangladesh (2013-14)
25
Value Added Tax (VAT) Rate:

Particulars 2009
VAT Rate
15
2010
15
2011
15
2012
15
2013
15
2014
15
(Maximum)
Source: (www.tradingeconomics.com I National Board of Revenue, Bangladesh)
VAT Rate (Maximum)

16%
15%
15%
15%
15%
15%
15%
2009
2010
2011
2012
2013
2014
Percentage (%)
14%
12%
10%
8%
6%
4%
2%
0%
Highlights:
In Bangladesh, VAT is a tax charged to consumers based on the purchase price of certain
goods and services. The benchmark we use for the VAT refers to the highest rate.
Revenues from VAT are an important source of income for the government of
Bangladesh. Different VAT rates are available for different consumer goods where 15%
is the maximum ceiling.
26
Inflation Rate:
Particular
s
Inflation
rate
Mar Apr
, 14 , 14
7.48 7.4
6
May
, 14
7.48
Jun,
14
6.9
7
Jul,
14
7.0
4
Aug,
14
6.91
Sep
, 14
6.8
4
Oct, Nov,
14
14
6.6 6.21
Dec
, 14
6.1
1
Jan,
15
6.0
4
Feb,
15
6.14
Mar,
15
6.27
Source: (www.tradingeconomics.com I Bangladesh Bureau of Statistics)
Inflation Rate
8
7.48
Percentage (%)
7.46
7.48
6.97
7.04
6.91
6.84
6.6
6.21
6.11
6.04
6.14
6.27
5
4
3
2
1
0
Mar,14 Apr, 14May, 14 Jun, 14 Jul, 14 Aug, 14 Sep, 14 Oct, 14 Nov, 14 Dec, 14 Jan, 15 Feb, 15 Mar,15
Highlights:
Inflation rate in Bangladesh averaged 6.64 percent from 1994 until 2015
All time high of 12.71 percent in December, 1998 and a record low of -0.02 percent in
December, 1996
27
Consumer Price Index (CPI):

Particulars Mar
, 14
Consumer 198
Price
.84
Index
(CPI)
Apr
, 14
198
.93
May,
14
196.
6
Jun,
14
196.
86
Jul,
14
199.
94
Aug,
14
202.
53
Sep,
14
205.
39
Oct,
14
206.
81
Nov,
14
206.
86
Dec,
14
207.
78
Jan,
15
210.
12
Feb,
15
210.
74
Consumer Price Index (CPI)

215
Index Points
210
205
200
195
190
185
Mar, 14 Apr, 14 May, 14 Jun, 14 Jul, 14 Aug, 14 Sep, 14 Oct, 14 Nov, 14 Dec, 14 Jan, 15 Feb, 15
Highlights:
Measures the changes in prices paid by consumers for a basket of goods and services
Consumer price in Bangladesh averaged 107.65 Index points from 1993 until 2015
All time high of 210.74 Index points in February,2015 and a record low of 51.99 Index
points in July of 1993
28
Export prices:
Particulars 2009
Export
178.2
2010
188.9
2011
208.5
2012
223.1
Prices
Source: (www.tradingeconomics.com I Ministry of Finance, Bangladesh)
Export Prices
250
Index Points
200
178.2
208.5
188.9
223.1
150
100
50
0
2009
2010
2011
2012
Highlights:
Export Prices in Bangladesh averaged 137.37 Index points from 1986 until 2012
All time high of 223.10 Index points in 2012 and a record low of 78.90 Index points in
1986
29
GDP Deflator:
Particulars 2009
GDP
180.72
2010
2011
2012
2013
192.42 206.91 224.46 164.26
2014
174.42
Deflator
GDP Deflator
250.00%
Percentage (%)
200.00%
180.72%
192.42%
206.91%
224.46%
164.26%
174.42%
150.00%
100.00%
50.00%
0.00%
2009
2010
2011
2012
2013
2014
Highlights:
GDP Deflator is the measure of price inflation. We get this by the following formula:
Nominal GDP/Real GDP *100
GDP Deflator in Bangladesh averaged 167.64 percent from 2003 until 2014
All time high of 224.46 percent in 2012 and a record low of 126.35 percent in 2003
30
Import prices:
Particulars 2009
Import
248.3
Prices
2010
262.4
2011
294.6
2012
318.2
Source: (www.tradingeconomics.com I Ministry of Finance, Bangladesh)
Import Prices
350
Index Points
300
250
294.6
248.3
318.2
262.4
200
150
100
50
0
2009
2010
2011
2012
Highlights:
Import prices in Bangladesh averaged 163.14 Index points from 1986 until 2012
All time high of 318.20 Index points in 2012 and a record low of 89.90 Index points in
1987
31
Food Inflation:
Particulars Mar
, 14
Food
8.9
Inflation
6
Apr
, 14
8.9
6
May, Jun,
14
14
9.09 8
Jul,
14
7.94
Aug,
14
7.67
Sep,
14
7.63
Oct,
14
7.16
Nov,
14
6.44
Dec,
14
5.86
Jan,
15
6.07
Feb,
15
6.11
Percentage (%)
Food Inflation
10.00%
9.00%
8.00%
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Mar, 14 Apr, 14 May, 14 Jun, 14 Jul, 14 Aug, 14 Sep, 14 Oct, 14 Nov, 14 Dec, 14 Jan, 15 Feb, 15
Highlights:
Food Inflation in Bangladesh averaged 7.93 percent from 2013 until 2015
All time high of 9.09 percent in May, 2014 and a record low of 5.86 percent in
December, 2014
32
Balance of Trade:
Particula Jan,
Feb, Mar Apr,
May, Jun, Jul,
Aug, Sep, Oct,
rs
14
14
, 14 14
14
14
14
14
14
14
Balance -103.3 -56.8 -99 -103.8 -90.2 -56.4 -68.3 -73.1 -83.1 -101.1
of Trade
Nov,
14
-77.5
Balance of Trade
0
BDT Billion
-20
Jan,14 Feb,14 Mar, 14 Apr, 14 May, 14 Jun, 14 Jul, 14 Aug, 14 Sep, 14 Oct, 14 Nov, 14 Dec, 14
-40
-60
-80
-100
-120
Highlights:
The difference in value between a countrys imports and exports. It is the largest
component of a countrys balance of payments.
Balance of trade in Bangladesh averaged -20.57 BDT Billion from 1976 until 2014
All time high of 0 BDT Billion in April,1977 and a record low of -128.40 BDT Billion in
January,2012
33
Dec,
14
-96.3
Capital flows:
Particular Mar
s
, 14
Capital
4.93
flows
Apr,
14
0
May,
14
2.09
Jun,
14
3.79
Jul,
14
.62
Aug,
14
2.29
Sep,
14
2.5
Oct,
14
.54
Nov,
14
1.85
Capital flows
6
BDT Billion
4.93
3.79
4
3
2.29
2.09
2.5
1.85
0.62
0.54
0
Mar, 14
Apr, 14
May, 14
Jun, 14
Jul, 14
Aug, 14
Sep, 14
Oct, 14
Nov, 14
Highlights:
Capital flows in Bangladesh averaged 29.62 BDT Billion from 1997 until 2014
All time high of 679.50 BDT Billion in March, 2007 and a record low of -12.72 BDT Billion
in May, 1998
34
Current Account:
Q1
2012
Q2
Q3
327
331
Q4
2013
Q2
Q3
-81
588
Q1
Q4
Current 1526
869
1406
1107
Account
USD Million Source: (www.tradingeconomics.com I Bangladesh Bank)
Q1
-178
2014
Q2
Q3
-171 -357
Current Account
2000
1500
1526
1406
USD Million
1107
1000
869
588
500
327
331
Q2
Q3
0
Q1
-500
Q4
Q1
2012
Q2
-81
Q3
2013
Q4
Q1
-178
Q2
-171
Q3
2014
-357
Highlights:
It is a very important economic indicator about an economys health. It is defined as the
sum of the balance of trade (exports less imports), net income from abroad (such as
interest and dividends) and net transfer payments( such as foreign aid)
Current Account in Bangladesh averaged 440.17 USD Million from 2005 until 2014
All time high of 1526 USD Million in the first quarter of 2012 and a record low of
-1638 USD Million in the fourth quarter of 2011
35
Current Account to GDP:

Particulars Jan,
09
Jan,
10
Jan,
11
Jan,
12
Jan,
13
Current
.9%
2.7%
3.7%
-1.5%
.2%
Account to
GDP
Jan, 14
.40%
Current Account to GDP

3.70%
4.00%
2.70%
Percentage (%)
3.00%
2.00%
1.00%
0.90%
0.20%
0.40%
0.00%
Jan, 09
Jan, 10
Jan, 11
Jan, 12
Jan, 13
Jan, 14
-1.00%
-1.50%
-2.00%
Highlights:
Current Account to GDP in Bangladesh averaged -1.16 percent from 1980 until 2013
All time high of 3.70 percent in 2010 and a record low of -4.40 percent in 1988
36
Exports:
Particula Jan,1 Feb, Mar Apr,
May, Jun, Jul,
Aug,
rs
4
14
, 14 14
14
14
14
14
Exports 180.0 177. 185 179.6 182. 195. 175. 208.
6
84
.17 3
62
64
9
1
Sep,
14
191.
43
Oct,
14
167.0
2
Nov,
14
177.
94
Exports
250
BDT Billion
200
180.06 177.84 185.17 179.63 182.62
195.64
208.1
175.9
191.43
167.02
177.94 185.6
150
100
50
0
Jan,14 Feb,14 Mar, 14 Apr, 14 May, 14 Jun, 14 Jul, 14 Aug, 14 Sep, 14 Oct, 14 Nov, 14 Dec, 14
Highlights:
Exports in Bangladesh averaged 30.84 BDT Billion from 1972 until 2014
All time high of 208.10 BDT Billion in August, 2014 and a record low of 0.05 BDT Billion
in February, 1972
37
Dec,
14
185.
6
External Debt:
Particulars 2009 2010
2011 2012 2013
External
20.86 20.34 22.1
22.1
23.3
Debt
USD Billion Source: (www.tradingeconomics.com I Bangladesh Bank)
USD Billion
External Debt
24
23.5
23
22.5
22
21.5
21
20.5
20
19.5
19
18.5
23.3
22.1
22.1
2011
2012
20.86
20.34
2009
2010
2013
Highlights:
External Debt in Bangladesh averaged 19.44 USD Billion from 2001 until 2013
All time high of 23.30 USD Billion in 2013 and a record low of 16.17 USD Billion in 2002
38
Imports:
Particula Jan,1 Feb, Mar Apr,
May, Jun, Jul,
Aug,
rs
4
14
, 14 14
14
14
14
14
Imports 283.3 234. 284 283.3 272. 252. 244. 281.
7
62
.13 9
78
08
24
24
Sep,
14
274.
56
Oct,
14
268.0
7
Nov,
14
255.
39
Dec,
14
281.
91
Imports
300
BDT Billion
250
284.13 283.39
283.37
272.78
234.62
252.08 244.24
281.24 274.56
268.07
255.39
281.91
200
150
100
50
0
Jan,14 Feb,14Mar, 14Apr, 14May, 14Jun, 14 Jul, 14 Aug, 14Sep, 14 Oct, 14Nov, 14Dec, 14
Highlights:
Import in Bangladesh averaged 54.70 BDT Billion from 1976 until 2014
All time high of 284.13 BDT Billion in March, 2014 and a record low of 0.57 BDT Billion in
November, 1976
39
Terms of Trade:
Particulars 2009
Terms of
71.8
Trade
2010
72
2011
70.8
2012
70.1
Index Points Source: (www.tradingeconomics.com I Ministry of Finance Bangladesh)
Terms of Trade
72.5
Index Points
72
71.8
72
71.5
70.8
71
70.5
70.1
70
69.5
69
2009
2010
2011
2012
Highlights:
Terms of trade are the ratio of export price index to an import price index. The more the
value, the better the condition.
Terms of trade in Bangladesh averaged 87.67 Index Points from 1986 until 2012
All time high of 104.70 index points in 1988 and a record low of 70.10 index points in
2012
40
Foreign Exchange Reserves:

Particulars Mar, Apr, May, Jun, Jul,
Aug, Sep, Oct,
14
14
14
14
14
14
14
14
Foreign
1497 1507 1584 1674 1664 1717 1698 1740
Exchange .57
.7
.72
.22
.45
.96
.9
.37
Reserves
BDT Billion Source: www.tradingeconomics.com I Bangladesh Bank
Nov,
14
1684
.02
Dec,
14
1744
.63
Jan,
15
1718
.86
BDT Billion
Foreign Exchange Reserves

1800
1750
1700
1650
1600
1550
1500
1450
1400
1350
1674.22 1664.45
1717.96 1698.9
1744.63
1740.37
1684.02
1718.86
1584.72
1497.57 1507.7
Highlights:
Foreign Exchange Reserves in Bangladesh averaged 334.25 BDT Billion from 1990 until
2014
All time high of 1744.63 BDT Billion in November, 2014 and a record low of 13.75 BDT
Billion in May, 1990
Foreign reserve increases if export income (inflow), remittance (inflow) increases and
import expenditure (outflow) decreases. Foreign reserve decreases if export income
(inflow), remittance (inflow) decreases and import (outflow) increases.
41
Latest Data on Foreign Exchange Reserves:

Particulars 10 Nov, 8 July,
18 Oct, 7 May,
19 Dec, 10 Apr,
2009
2010
2012
2013
2013
2014
Foreign
10
11
12
15
18
20
Exchange
Reserves
Billion USD
Source: The Daily Prothom Alo (30.04.2015Page no: 13)
26 Feb,
2015
23
29 Apr,
2015
24
Discussion:
Reserve of foreign currency in Bangladesh Bank increased to 24.07 Billion USD for the
first time in history which is enough to meet the import liabilities for the next 7/8
months. Among the SAARC countries, our position is 2nd. India is holding 1st position
with a reserve of 343 billion USD upto 24.04.2015 confirmed by Reserve Bank of India
while according to State Bank of Pakistan, Pakistan is holding 3rd position with a reserve
of 17 billion USD upto 17.04.2015.
According to Kazi Saidur Rahman, General Manager of Forex Reserve and Treasury
Management Department of Bangladesh Bank, increased reserve caused by the increase
of Export income and inflow of remittances along with the devaluation of fuel price.
42
Foreign Direct Investment:

Particulars Jan,2010 Jan,2011 Jan,2012 Jan,2013 Jan,2014
Foreign
961
913
775
1191
1300
Direct
Investment
USD Million Source: (www.tradingeconomics.com I Bangladesh Bank)
Foreign Direct Investment

1400
1191
1200
USD Million
1000
961
1300
913
775
800
600
400
200
0
Jan,2010
Jan,2011
Jan,2012
Jan,2013
Jan,2014
Highlights:
Foreign Direct Investment in Bangladesh averaged 772.25 USD Million from 2002 until
2013
All time high of 1300 USD Million in 2013 and a record low of 276 USD Million in 2004
43
Remittances:
Particulars
2009- 2010- 2011- 2012- 201310

11
12
13
14(Feb,14)
Remittances 10,987 11,650 12,843 14,461 9,206.1
Million USD Source: Bangladesh bank
Remittances
16000
14461
14000
USD Million
12000
10987
12843
11650
9206.1
10000
8000
6000
4000
2000
0
2009-10
2010-11
2011-12
44
2012-13
2013-14(Feb,14)
Particula Mar April May, June, July, Aug, Sep, Oct,

rs
ch,1 , 14
14
14
14
14
14
14
4
Remitta 1288 1230 1215 1286. 1491 1160 1344 1018
nces
.62
.57
.83
37
.36
.06
.27
.03
Million USD Source: www.tradingeconomics.com I Bangladesh Bank
Nov,
14
Dec,
14
Jan,
15
Feb,
15
1182 1275 1243 1189

.95
.06
.25
.6
Million USD
Remittances
1600
1400
1200
1000
800
600
400
200
0
1491.36
1288.62 1230.57
1215.83
1286.37
1344.27
1160.06
1018.03
1182.95
1275.06 1243.25
Highlights:
Remittances in Bangladesh averaged 1193.18 USD Million from 2012 until 2015
All time high of 1491.36 USD Million in July, 2014 and a record low of 1005.80 USD
Million in August, 2013
45
1189.6
NO of Immigrants (Employed): (000)

Particulars
200910
427
201011
439
201112
691
201213
441
201314(Feb,14)
264
NO of
Immigrants
(Employed)
Source: Bureau of Manpower, Employment and Training under Ministry of Expatriates
Welfare and Overseas Employment
NO of Immigrants (Employed)
800
691
No of People ('000)
700
600
500
427
441
439
400
264
300
200
100
0
2009-10
2010-11
2011-12
46
2012-13
2013-14(Feb,14)
Unemployment Rate:
Particulars
Jan,2010 Jan,2011 Jan,2012 Jan,2013
Unemployment 5.1
4.5
4.5
4.5
Rate
Percentage (%)
Unemployment Rate
5.20%
5.10%
5.00%
4.90%
4.80%
4.70%
4.60%
4.50%
4.40%
4.30%
4.20%
5.10%
Jan,2010
4.50%
4.50%
4.50%
Jan,2011
Jan,2012
Jan,2013
Highlights:
Unemployment Rate in Bangladesh averaged 4.53 percent from 2003 until 2012
All time high of 5.10 percent in 2009 and a record low of 4.30 percent in 2006
Employed persons:
Highlights:
Employed persons in Bangladesh averaged 46.58 million from 1990 until 2010
All time high of 56 million in 1996 and a record low of 35.90 million in 1991
47
Population:
Particulars Jan,2010 Jan,2011 Jan,2012 Jan,2013 Jan,2014
Population 146.1
149.7
149.8
152.5
154.7
Population
156
154.7
154
152.5
Million
152
150
148
146
149.7
149.8
Jan,2011
Jan,2012
146.1
144
142
140
Jan,2010
Jan,2013
Jan,2014
Highlights:
Population in Bangladesh averaged 99.09 million from 1960 until 2013
All time high of 154.70 Million in 2013 and a record low of 50.10 million in 1960
Population increase rate 1.37 % (2011) Source: (Bangladesh Economic Review,2014)
Population density 1015 per square KM (2011) Source: (Bangladesh Economic
Review,2014)
48
Wages:
Particulars
Wages
Jan,2004- Jan,2008
1485
Jan,2009-Jan,2013
2553
Wages
3000
2553
2500
BDT
2000
1500
1485
1000
500
0
Jan,2004- Jan,2008
Jan,2009-Jan,2013
Highlights:
Wages in Bangladesh averaged 1324.20 BDT from 1991 until 2010
All time high of 2553 BDT in 2010 and a record low of 625 BDT in 1991
49
Consumer Spending:
Particulars Jan,2009 Jan,2010 Jan,2011 Jan,2012 Jan,2013 Jan,2014
Consumer 4,912.91 5,547.71 6,430.22 7,412.87 9,347.27 10,344.3
Spending
BDT Billion Source: (www.tradingeconomics.com I Bangladesh Bureau of Statistics)
Consumer Spending
12000
9347.27
BDT Billion
10000
8000
6000
4912.91
5547.71
6430.22
10344.3
7412.87
4000
2000
0
Jan,2009
Jan,2010
Jan,2011
Jan,2012
Jan,2013
Jan,2014
Highlights:
Consumer Spending in Bangladesh averaged 5384.41 BDT Billion from 2003 until 2014
2003
50
Disposable Personal Income:

Particulars 2009
2010
2011
2012
2013
2014
Bangladesh 25737.16 26667.98 28062.56 29606.81 51307.87 53026.23
Disposable
Personal
Income
BDT THO Source: (www.tradingeconomics.com)
Bangladesh Disposable Personal Income

60000
51307.87
53026.23
2013
2014
BDT THO
50000
40000
30000
25737.16
26667.98
28062.56
29606.81
2009
2010
2011
2012
20000
10000
0
Highlights:
Disposable Personal Income in Bangladesh averaged 20590.66 BDT THO from 1990 until
2014
All time high of 53026.23 BDT THO in 2014 and a record low of 6808 BDT THO in 1990
51
Personal Savings:
Particulars Jan,2009 Jan,2010 Jan,2011 Jan,2012
Personal
1235.04 1395.53 1536.82 1771.53
Savings
BDT Billion Source: (www.tradingeconomics.com I Ministry of Finance Bangladesh)
BDT Billion
Personal Savings
2000
1800
1600
1400
1200
1000
800
600
400
200
0
1771.53
1235.04
Jan,2009
1536.82
1395.53
Jan,2010
Jan,2011
Jan,2012
Highlights:
Personal Savings in Bangladesh averaged 726.93 BDT Billion from 1994 until 2012
1994
52
Government Budget:
Particulars
2010 2011 2012
2013
2014
Government -3.2% -3.5% -3.98% -4.5% -4%
Budget
% of GDP Source: (www.tradingeconomics.com I Ministry of Finance Bangladesh)
Government Budget
0.00%
-0.50%
2010
2011
2012
2013
2014
-1.00%
% of GDP
-1.50%
-2.00%
-2.50%
-3.00%
-3.50%
-4.00%
-3.20%
-3.50%
-3.98%
-4.50%
-4%
-4.50%
-5.00%
Highlights:
Government Budget in Bangladesh averaged -3.51 percent of GDP from 1994 until 2013
All time high of -2 percent of GDP in 1997 and a record low of -5.40 percent of GDP in
2008
53
Government Budget Value:

Particulars
July, 2011
July, 2012
Government Budget Value -33219
-41868
BDT Billion
Source: (www.tradingeconomics.com I Ministry of Finance Bangladesh)
Government Budget Value

0
-5000
July, 2011
July, 2012
BDT Billion
-10000
-15000
-20000
-25000
-30000
-35000
-33219
-40000
-41868
-45000
Highlights:
Government Budget Value in Bangladesh averaged -37543.50 BDT Billion from 2011
until 2012
All time high of -33219 BDT Billion in 2011 and a record low of -41868 BDT Billion in
2012
54
Government Debt to GDP:

Particulars
2010 2011 2012 2013 2014
Government 25.3% 23.5% 22.6% 18.9% 18%
Debt to GDP
Government Debt to GDP

30.00%
Percentage (%)
25.00%
25.30%
23.50%
22.60%
20.00%
18.90%
18%
2013
2014
15.00%
10.00%
5.00%
0.00%
2010
2011
2012
Source: (www.tradingeconomics.com I Asia Development Bank)
Highlights:
Government Debt to GDP in Bangladesh averaged 32.46 percent from 1990 until 2013
All time high of 44.90 percent in 1994 and a record low of 18 percent in 2013
55
Government Spending:
Particulars
200910
201011
201112
769.38
832.43
1011.06 1106.30 1347.85
(2)Development 308.27
expenditure
394.21
455.71
577.50
651.48
(3)Other
expenditure
72.13
145.36
209.46
161.82
Govt Spending
(1)+(2)+(3)
(1) Revenue
expenditure
2013-14
(Revised
Budget)
1105.23 1298.76 1612.13 1893.26 2161.15
27.68
201213
BDT Billion Source: IMED, Ministry of Planning and Finance Department, Finance Ministry
BDT Billion
Govt Spending
2500
2000
1500
1000
500
0
56
Govt Spending % to GDP: Base year (2005-06)

Particulars
200910
201011
201112
Govt Spending
(1)+(2)+(3)
13.9%
14.2%
15.3%
(1) Revenue
expenditure
9.6%
9.1%
9.6%
9.2%
10%
(2)Development 3.9%
expenditure
4.3%
4.3%
4.8%
4.8%
(3)Other
expenditure
0.8%
1.4%
1.7%
1.2%
0.3%
2012- 2013-14
13
(Revised
Budget)
15.8% 16%
Source: IMED, Ministry of Planning and Finance Department, Finance Ministry
% to GDP
Govt spending % to GDP

18.00%
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
57
Crude Oil Production:

Particula Jan, Feb
rs
14
,14
Crude
4
4
Oil
Producti
on
Mar Apr
,14 ,14
4
4
May, Jun, Jul,

14
14
14
4
4
4
Aug
,14
4
Sep
,14
4
Oct, Nov Dec

14
,14 ,14
4
4
4
Source: (www.tradingeconomics.com I US Energy Information Administration)
Crude Oil Production

4.5
4
BBL/D/1K
3.5
3
2.5
2
1.5
1
0.5
0
Jan,14 Feb,14 Mar,14 Apr,14 May,14 Jun,14 Jul,14 Aug,14 Sep,14 Oct,14 Nov,14 Dec,14
Highlights:
Crude Oil Production in Bangladesh averaged 3.98 BBL/D/1K from 1994 until 2014
All time high of 6 BBL/D/1K in January, 2002 and a record low of 1.10 BBL/D/1K in
January, 1995
58
Manufacturing Production:
Particulars
Manufacturi
ng
Production
Jan,
14
4.8%
Feb
,14
8.1
2%
Mar
,14
4.9
%
Apr,
14
10.0
2%
May,
14
8.01
%
Jun, Jul,14 Aug,

14
14
8.7 10.78 22.5
5% %
5%
Sep,
14
15.7
9%
Oct,
14
3.73
%
Nov
,14
14.
25
%
Manufacturing Production
25.00%
22.55%
Percentage(%)
20.00%
15.79%
14.25%
15.00%
10.00%
5.00%
10.02%
8.12%
4.80%
8.01% 8.75%
4.90%
10.78%
10.69%
3.73%
0.00%
Jan,14 Feb,14 Mar,14 Apr,14 May,14 Jun,14 Jul,14 Aug,14 Sep,14 Oct,14 Nov,14 Dec,14
Highlights:
Manufacturing Production in Bangladesh averaged 9.80 percent from 2013 until 2014
All time high of 22.55 percent in August, 2014 and a record low of 1.04 percent in
October, 2013
59
Dec
,14
10.
69
%
Revenue:
Particulars 200910
Total
794.84
Revenue
Tax
639.56
revenue
Revenue
155.28
other than
taxes
2010- 2011-12 2012-13 2013-14

11
951.87 1,148.85 1,396.70 1,566.71
790.52 947.54
1122.59
1301.75
161.35 222.79
274.11
264.93
BDT Billion Source: Finance department, National Board of Revenue
Revenue
1800
1566.71
1600
1396.7
BDT Billion
1400
1148.85
1200
1000
800
794.84
639.56
951.87
790.52
1301.75
1122.59
947.54
600
400
200
155.28
222.79
161.35
274.11
264.93
0
2009-10
2010-11
2011-12
60
2012-13
2013-14
Revenue compared to % of GDP: (Base year 2005-06)

Particulars 200910
Total
10%
Revenue
Tax
8%
revenue
Revenue
1.9%
other than
taxes
201011
10.4%
201112
10.9%
201213
11.6%
201314
11.6%
8.6%
9.1%
9.7%
9.6%
1.8%
1.8%
1.9%
2%
Source: Finance department, National Board of Revenue (Based on revised budget)
Revenue (% of GDP)
14%
Percentage(%)
12%
10%
8%
10%
8%
11.60%
10.90%
10.40%
9.10%
8.60%
11.60%
9.70%
9.60%
6%
4%
2%
1.90%
1.80%
1.80%
1.90%
2%
0%
2009-10
2010-11
2011-12
61
2012-13
2013-14
Govt loan from internal sources:

Particulars
Bangladesh Scheduled Total loan

Bank
banks
from bank
Loan from
sources
other than
bank
(3) = (1) + (2) (4)
(3792.90)
12419.57
19043.80
2088.75
18661.71
2160.40
16666.60
7882.50
4930.90
8242.20
Total
internal
loan
% of GDP
(Base year
2005-06)
(1)
(6634.90)
9729.10
6033.15
(6776.6)
(10023.50)
(5)= (3) +(4)

8626.67
21132.55
20822.11
24549.10
13173.10
(6)
1.1%
2.3%
2%
2%
1%
(2 )
2842
9314.70
12628.56
23443.20
14954.40
2009-10
2010-11
2011-12
2012-13
2013-14
(Feb, 2014)
Crore taka Source:Bangladesh bank
Bank deposit:
Particulars June,09 June,10 June,11 June,12 Sep,13
Bank
2793.91 3379.20 4115.86 4864.07 5806.53
deposit
BDT Billion Source:Bangladesh bank
Bank deposit
7000
5806.53
6000
4864.07
BDT Billion
5000
4115.86
4000
3000
2793.91
3379.2
2000
1000
0
June,09
June,10
June,11
62
June,12
Sep,13
External Sources
Despite of experiencing unfavorable situation within the country, Bangladesh has been able to achieve
satisfactory economic growth due to export and the stability in the worlds economy. In the first seven
months of fiscal year 2013-2014, both import expenditure and income from export increased.
Particulars
2012
Actual
2013
Estimated
2014
2015
2.8
3.0
4.3
5.3
Developed Economy 1.1
1.4
3.5
4.5
Developing
Economy
5.8
5.6
5.2
6.3
Developed Economy 2.1
2.3
4.2
4.8
Developing
Economy
4.4
5.0
6.2
World Trade
(Product & Service)
Import:
Export:
% Change
4.2
Source: IMFs World Economic Outlook, (April, 2014)
Income from Export:

Particulars
2009-10
2010-11
2011-12
2012-13
2013-14 (Feb,2014)
Total (Million USD)

16205
22928
24302
27027
19829
Source: Export Development Bureau
63
Income from export

30000
22928
Million USD
25000
20000
24302
27027
19829
16205
15000
10000
5000
0
2009-10
Primary Product
Industrial Product
TOTAL
2011-12
5.2%
94.8%
100%
Source: Export Development Bureau
2010-11
2011-12
2012-13
% Share in Export
2012-13
4.8%
95.2%
100%
2013-14
(Feb,2014)
2013-14
4.5%
95.5%
100%
Highlights:
Primary goods include frozen food, tea, agro based products, raw jute and others where
frozen food holds the maximum share of 2.5%, 2% and 2.3% respectively in the total
primary product exported over the above years.
Industrial goods include readymade garments, knitwear, leather, jute products,
chemical, petroleum by products, handicrafts and other processed goods. Readymade
garments is holding 39.5%, 40.8% and 41.5% share respectively whereas knitwear is
holding 39%, 38.8% and 39.9% share respectively in the total industrial Product
exported in these years.
USA is holding the largest share of BD export, Germany is 2nd, UK is third, France is
fourth etc. Other countries are Belgium, Italy, Netherland, Canada, Japan etc.
64
2009-2010
USA
24.38%
GERMANY
13.50%
UK
9.31%
FRANCE
6.33%
2010-2011
22.28%
15.00%
9.01%
6.71%
2011-12
2012-13
20.99%
20.05%
15.18%
14.66%
10.06%
10.23%
5.68%
5.60%
2013-14 (Jan,
2014)
19.17%
16.95%
10.01%
5.60%
N.B. On January 2014, BD total export was 17,439.58 Million USD
Import Expenditure:
Particulars
2009-10
2010-11
2011-12
2012-13
2013-14 (Jan,2014)
Total (Million USD)

23738
33658
35516
34084
23096
Source: Department of statistics, Bangladesh Bank
Import Expenditure
40000
USD Million
30000
25000
35516
33658
35000
34084
23738
23096
20000
15000
10000
5000
0
2009-10
2010-11
2011-12
65
2012-13
2013-14 (Jan,2014)
Highlights:
China is holding the largest share of BD import, India is 2nd, Singapore is third, etc. Other
countries are South Korea, Japan, Hong Kong, Taiwan, USA etc.
2009-2010
CHINA
16.09%
INDIA
13.54%
SINGAPORE
6.53%
2010-2011
17.58%
13.57%
3.84%
2011-12
18.13%
13.35%
4.81%
2012-13
18.55%
14.02%
4.17%
2013-14 (Dec,
2013)
19.04%
13.68%
5.99%
percentage (%)
Import Expenditure( Country wise)

20.00%
15.00%
10.00%
5.00%
0.00%
CHINA
INDIA
SINGAPORE
N.B. On December 2013, BD total export was 18,747 Million USD
66
Average exchange rate of BDT vs USD:

Particulars 200910
Exchange 69.18
rate
201011
71.21
201112
81.87
201213
77.75
201314
77.74
SOURCE: Bangladesh Bank (March, 2014)
Taka per 1 Dollar
Exchange rate
84
82
80
78
76
74
72
70
68
66
64
62
81.87
77.75
77.74
2012-13
2013-14
71.21
69.18
2009-10
2010-11
2011-12
Highlights:
Foreign exchange rate depends on the demand and supply of currency in market.
Bangladesh is not involved directly in the foreign currency market but sometimes it
participates in the market by buying and selling of US dollars for the stability of
exchange rate. The export income has increased but due to a slight decrease in
remittances and increase in import expenditure, we observed a stable exchange rate
nowadays.
67
Velocity of money:
Highlights:
The rate at which money is exchanged from one transaction to another and how much a
unit of currency is used in a given period of time. It is usually measured as a ratio of GDP
to a countrys total money supply.
The more the velocity, the better the economic condition. Slower velocity indicates the
necessity of money supply which also causes inflation
Particulars
GDP at constant price

(1)
6070.97
6463.42
6884.93
7298.96
7745.39
Broad Money
(2)
363031.2
440519.9
517109.5
603505.4
662311.4
Income velocity of
Money ( 1)/(2)
1.67
1.47
1.33
1.21
1.17
2009-10
2010-11
2011-12
2012-13
2013-14 (Feb, 2014)
BDT Billion Source: Bangladesh Bureau of Statistics
Currency reserve: % of change over years

Particulars
2009-10
Currency
6.85%
reserve
2010-11
2011-12
2012-13
21.03%
8.99%
15.02%
68
2013-14 (Feb,
2014)
13.32%
Concluding Remarks
Almost all the sectors of BD economy generated a slight growth but some major sectors
performances declined. Investment and savings increased slightly. Revenue increased by
12.17% in FY 2013-14 than FY 2012-13. Foreign exchange reserve exceeded 24 billion dollars for
the first time in history and BD is now holding 2nd position among SAARC countries. Even few
years back, there was a scarcity of dollars. State owned banks faced a lot of difficulties to make
the payment while importing fuel through BPC. The performance and the potential of BD
garments industry are a well known fact. It is a very strong competitive advantage over all the
countries in the world. Through proper support, BD economy can be highly driven by this
sector.
So, Government and other relevant authorities should step forward to capitalize the existing
advantage. At this, we can expect a growth in foreign direct investment which will reduce
unemployment rate and our economy will experience a positive domino effect.
Despite of political disturbances faced by our economy, our performance is encouraging. The
condition must be improved. Eliminating infrastructure bottlenecks and improving the
investment climate are top priorities.
69
References
1. Bangladesh Economic Review 2014
2. www.tradingeconomics.com
3. www.economist.com
4. www.investopedia.com
5. www.bangladesh-bank.org
6. www.bbs.gov.bd
7. www.nbr-bd.org
8. www.boi.gov.bd
9. www.wikipedia.com
10. The daily prothom alo (30.04.2015 Edition)
70

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2015

Green Delta Securities Ltd

Green Delta AIMS Tower (2nd floor),

The Peoples Republic of Bangladesh

16th December, 1971 against Pakistan after 9 months of liberation war

Dhaka, Chittagong, Khulna, Rajshahi, Sylhet, Barisal, Rangpur

Padma, Meghna, Jamuna, Brahmaputra, Teesta, Surma and

Readymade garments, pharmaceuticals, cements, garment accessories,

Readymade garments, frozen foods (shrimps), leather, leather products,

Rice, jute, tea, wheat, sugarcane, potatoes, tobacco, pulses, oilseeds,

electricity, natural gas.

Garments, knitwear, agricultural products, frozen food (fish and

US 18.7%, Germany 15.8%, UK 10.2%, France 6.2%, Spain 4.6%,

Machinery and equipment, chemicals, iron and steel, textiles,

China 21.7%, India 16.3%, Malaysia 5.2%, Republic of Korea 4.5%,

Source: Bangladesh Bureau of Statistics

and 920 41' east longitude.

56,977 sq. miles or 147,570 sq. km.

12 nautical miles Territorial Sea, 200 nautical miles Economic Zone.

Summer (March-May), rainy season (June-September) and winter

Natural gas, coal, lime, white clay, granite, glass sand.

Source: Bangladesh Bureau of Statistics

Annual growth rate

Sex ratio (males per 100 females)

Density (per sq km)

Source: Bangladesh Bureau of Statistics

Chittagong and Mongla.

Source: Statistical Pocket Book Bangladesh-2009, Bangladesh Bureau of Statistics

Dhaka, Chittagong, Rajshahi, Khulna, Rangpur, Sylhet, Rangamati,

Chittagong, Sylhet, Khulna, Natore, Mymensingh, Rangpur,

Daily Prothom Alo, Daily Ittefaq, Daily Kaler Kontha,

Source: Statistical Pocket Book Bangladesh-2009, Bangladesh Bureau of Statistics

Consumption, Savings and Investment: (% of GDP)

GDP at constant price (Real GDP): Base year 2005-06

GDP Annual growth rate

GDP Per Capita

Loans to private sector

Corporate Tax Rate

Current Account to GDP

Foreign Exchange Reserves

Latest Data on Foreign Exchange Reserves

Crude Oil Production

Govt loan from internal sources

Currency reserve: % of change over years

Sector wise Real GDP growth rate: (Base year 2005-06)

Consumption, Savings and Investment: (% of GDP) Base year: 2005-06

GDP at constant price (Real GDP): Base year 2005-06

GDP Annual growth rate:

Source: Bangladesh Bureau of Statistics

GDP Annual growth rate

GDP Per Capita:

GDP Per Capita

GDP per Capita PPP:

GDP Per Capita PPP

Gross fixed Capital Formation:

Gross fixed Capital Formation

Source: (www.tradingeconomics.com I Bangladesh Bank)

Interbank rate: Average of one month

Source: (www.tradingeconomics.com I Bangladesh Bank)

Oct,14 Nov,14 Dec,14

Loans to private sector:

Loan to private sector

Feb, Mar,14 Apr, 14 May, 14 Jun,