Abstract:

External factors such as export, import, remittances and foreign aid have always played
important rolesto Bangladesh’s economy, though the relative importance of various external
factors has changed over time. To know about the national progress we have to count our
gross national income. So in our socio-economical life national income accounting has a
great significant. Economic of Bangladesh has many dimension according to Bangladesh
bureau of statistics ( BBS) revised provisional estimate GDP growth (5.83%) was contributed
by corresponding growth of agriculture, industry and service sector which grew by 4.6% and
6.3% respectively, Indicating satisfactory performance of all the three sectors of the
economy. The share of services in GDP amounted to 49.88% followed by that of industry
(29.88%) and agriculture (20.24%) at constant price. To count this we can know about
overall economic position. So national account has great significant for a country.
Rationalities of the study about national income has great value.

Introduction:
With the development of the civilization every activity of human have become dependent on
economic. National Income is one of the importance part of National economic. To know
about countries economical strengths we get to have Ides of national income. It has great
significant in our daily socio-economic life. Bangladesh is a developing country our total
progress depend on some fixed thing that are agriculture, industries, state owned Enterprised,
Power and energy, transport and communication and human resource development . Our
economic totally depend on these sectors. National income ascertains a country prosperity.

Objectives of the study:

The objectives of the report are as follows:
To know about economical situation.
To find out most profitable sector in our country
To find out deficit between export income and import expenditure.
Find out shortcoming of economic.Help to distinct next step to develop economical situation

Methodology
National income accounting is most important and critical matter of our national life. It is not
possible for me to collect the primary data for shortage of time, I have not collected much
data about the subject matter. Truly i have to depend on some research book and data. So mu
term paper is not full of information. Mainly my way of the work is some secondary data
base. I take the data as my working tools and I analysis the fact and try to find out the main
sectors and sub sectors of our national income.

Review of related literature

If we see on the reports of Bangladesh bureau, we can get some basic conception about the
wages, BBSC use 1769-70 as the base years. The wage rate index from FY 1999-00 through
FY 2008-09 is presented in table: 01.
It has been observed from the table that the nominal wage rate index is rising continuously
and in FY 2008-09 the index rose by 18.90% compared to the previous fiscal year. The
indices of all sectors exceed by 15% in FY 2008-09 of these, wage rate index of construction
and agriculture sectors increased by 21.47% and 21.28% respectively. Compared to these
sectors, wage rate indices of fisheries and industries sectors are slightly lower but have been
the highest in the recent period it is to be noted that in FY 2008-09 the wage rate indices of
fisheries and industries sectors  increased by  15.45% and 17.19 respectively.
GDP: GDP is one of the important part of national income. According to the final estimate of
Bangladesh of statistics the country had achieved GDP growth of 5.74% in FY 2008-09 amid
unprecedented global financial crisis. BBS revised the provisional estimate of GDP growth at
5.83% for fiscal year 2009-10. However, based on updated trend of macroeconomic
indicators the medium term macroeconomic framework projected 6.0% GDJP growth for the
same period. The MTMF   considered positive trend in export earning, increased production
of agriculture and industrial credit and the growth of imports of capital machinery and
industrial raw materials for the projection of GDP growth. Moreover the MTMF envisaged
that the
growth of GDJP for fiscal year 2010-11 will be 6.7 % which will gradually increase to 7.2%
and 7.6% in the fiscal year 2011-12 and 2012-13 respectively. As per vision 2021, the
government will try to achieve 8% growth of GDP in 2013 and   10% in 2017. The GDP
growth rate at constant prices and per capita GDP. GDP growth during FY 2004-05 To FY
2009-10 are shown in 2 Table 2 shows the GDP, GNI per capital GDP and GNI at current
market prices.

Another important sector of national income is remittance. According to the bureau of

manpower, employment and training a total of about 70 lakh Bangladeshi workers went
overseas during 1976 to June 2010. A total of 4.27 lakh Bangladeshi worker went abroad for
employment in FY 2009-10 which is 34.34 % lower than the previous fiscal year. In FY
2006-09 the remittances from expateiats Bangladeshi workers stood at US$ 9689.16 Million
reflecting   22.42%. Rise over the previous year. In 2009-10 remittances shot to US$ 10987.4
Million reflecting 13.4 % rise over preceding year. According to the World Bank report on
migration and remittance trend 2009. Bangladesh secured 12 th position among the remittance
earning countries in 2008. In 2009 Bangladesh secured the 8 th position in this year
Bangladesh earn 2.55 % of the world remittance.
Here the table has shown.

Export income of Bangladesh:

The export earning of Bangladesh stood at US$ 16204.65 million in FY 2009-10, which was
4.11 percent higher than the export earning US$ 15565.19 of FY 2008-09. The growth of
export earning is mainly attributable to increases of export of jute goods petroleum products,
engineering products, and agricultural products during the year under report.

Description & analysis of data

If we want to describe about national income accounting first we get to describe about
agriculture industry human resource. Table one shown the production increases but the table
-4 show the conurbation the agriculture are decreasing but growth rate is increasing, for this
reason sector share of GDP of agriculture are increasing. On the other hand manufacturing
production are increasing and sectorial rate are increasing as well. Moreover industrial
contribution are increasing from the service sector we can see it become most important
sector in national income. However contribution of the service sector weathered such
fluctuation and remained unchanged at 49-50 % during the same period.
By  analysis the sectorial growth rate within the period it has been observed   that unit FY
2008-09 industry sector should as increasing trend of growth compared to agriculture n FY
2009-10 the agriculture and service sector were expected to  grow by 0.55%  the growth of
the industry sector would decline by 0.45 %.
The remittances from expatriate Bangladeshi workers stood at US$ 9689.16 million reflecting
22.42 % rise over the previous year, in 2009-10 remittance shot us to US$ 10987.4 Million
reflecting 13.4% rise over the preceding year.

The amount of remittances in rerms of GDP and export earning have also incerased over the
year. In FY 2003-04 remittances as percent of GDP and export stood at 5.98 % and 44.47 %
respectively. In FY 2009-10 remittances as peresnty of GDP and export were 11.13% and
67.80% respectively that show.

Conclusion:
Bangladesh is a developing country. We have many economical sectors which contribute in
our national income. But, there are some problems in our national economic that hinder our
economical progress some of these are backwardness of industry, restless political situation,
restless industry, lack of skills, consistence of income and spend. If we want to improve our
economical situation we get to remove this problems. We have to reduce the deficit between
export income and import payment.

Reference:
Bhattacharya, Debapriya (2002): “Bangladesh Economy in FY2001: Macroeconomic
Performance” in Bangladesh Facing the Challenges of Globalization: A Review of
Bangladesh’s Development 2001, pp. 1-30 (Chapter 1), Dhaka: Centre for Policy Dialogue
(CPD) and University Press Limited (UPL).

Hossain, M.Islam, Abdul Bayes and Abdullah Al Mamun (1998): “The External Trade Sector
of Bangladesh” in Bangladesh at 25: An Analytical Discourse on Development (Edited by
Abdul Bayes and Anu Muhammad), pp. 109-133 (Chapter 6), Dhaka: University Press
Limited (UPL).

IMF (2001): International Financial Statistics Yearbook 2001; Published by the International
Monetary Fund, Washington, D.C.

Interim Poverty Reduction Strategy Paper (2002): Bangladesh: A National Strategy for
Economic Growth and Poverty Reduction, Dhaka: Economic Relations Division, Ministry of
Finance, Government of the People’s Republic of Bangladesh, April.

Rahman, Mustafizur (2002): “Bangladesh’s External Sector in FY2001: Review of

Performance and Emerging Concerns”, in Bangladesh Facing the Challenges

Of Globalization: A Review of Bangladesh’s Development 2001, pp. 31-64 (Chapter 2),

Dhaka: Centre for Policy Dialogue (CPD) and University Press Limited (UPL).