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Economic Info. Jan' 2016)

1. Budget details :

Budget Title : Incorrigible optimistic

Budget'15 = 2,95,100 Crore BDT

= 2,08,443 Crore BDTBudget Deficit = 86,657 crore BDT (4.7% of GDP)

Income source :Value added tax = 61.8%

Internal finance = 19.1%

Except tax income = 8.9%

Foreign debt = 8.2%

Foreign Aid = 2%

Expenditure schedule :

Public administration = 19.2%

Education = 11.6%

Transport & Communication = 9.7%

Rural development = 7.1%

Agriculture = 6.8%

Fuel & Energy = 6.3%

Defense = 6.2%

Health = 4.3%

2. Gross Domestic Product (GDP):

GDP amount:

Nominal = 195.52 Billion USD (36th)

PPP = 655 Billion US$ (31st)

15, 13,600 8, 24,532 GDP per capita = Tk. 95,864 (2014-15)

Target GDP Growth Rate = 7%

Current GDP Growth Rate = 6.51%.

Projected GDP Growth Rate:

WB = 6.2% (2014) 6.5% (2015) 6.7% (2016)

IMF = 6.25% (2014), 6.5% (2015), 6.8% (2016)

ADB = 6.4% (2014-15) 6.7% (2015)

BB= 7% (2015) 6.8-6.9 (2016)

Record Highest GDP = 6.71% (2011)

Record Lowest GDP = 4.08% (1994)

Average GDP Growth Rate = 5.64%

(1994-2014)

Projected GDP growth rate of the World by

1. IMF: 2. World Bank:

2014 = 3.3% 2014 = 3.2%

2015 = 3.5% 2015 = 3.4%

2016 = 3.7% 2016 = 3.9%

Government expenditure= 6.9% of GDP

Government Spending to GDP = 17.62%

Contribution of sectors in GDP:

Service = 56.42%Industry = 27.99%,

Agriculture = 15.59%.

Tourism = 6.25%

Investment to GDP ratio = 28.99%.

3. Annual Development Program (ADP):

ADP for 2015-16 = 100997 crore BDT including 3997

crore BDT for Autonomous Bodies.

First priority: Communication sector

= 21.88%; 20236 crore BDTSecond priority: Power (Electricity)-

= 15.33%, 15485 crore BDT

4. Inflation rate:

January = 6.04%

February = 6.14%

March = 6.27 %

April = 6.32%

May = 6.19%

June =6.25%

July = 6.37%

August = 6.17%September = 6.24%

October = 6.19%

November = 6.05% ( Point to Point)

Consumer Price Index (CPI) = 220 (Oct' 2015)

December = 6.10%

5. Balance of payment, Remittances :

Import Payment (2014-15) : $40.70 billion

Export Receipt (2014-15) : $31.20 billion

Balance of Trade = -57.73 Million BDT (Sep' 2015)

Remittances :

FY2014-15 = $1530 cr. 7.6%

FY2013-14 = $1422 cr. 1.7%

FY2012-13 = $1446 cr.

Gold Reserve = 13.78 tons

Foreign Exchange Reserve=

27 Billion USD (29th OCT, 2015)

FDI = 1504 Million USD (2014)

Highest FDI from = Singapore

Crude Oil Production = 4.00 BBL/D/1k

6. Socio-Economic Context :

A. Per Capita Income = 1314Capital Adequacy Ratio = 10.27%

Classified Loan = 9.67%

B. Poverty Rate :

Economic Review '2014 :

Poverty rate = 25.6%

Extreme poverty rate = 12%

Ministry of Planning (GED) : Feb'15

Poverty Rate = 24.47%,

Extreme Poverty Rate = 10.64%

C. Population growth rate :

Economic Review = 1.37%

World population report = 1.2%

population density 1035 per sq. km

D. Literacy rate =

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62.3% (Economic Review, 2015)

57.9% (Economic Review, 2014)

57.7% (UNDP, 2014)

E. Unemployment Rate :

BBS = 4.50% (47% graduates are unemployed)

WB = 14.20%

7. Banking % :-------------

Average Monthly Interbank Rate

= 3.85% (Nov 30' 2015)

Average Interbank rate during 1997-2015

= 8.42%

Record Highest Interbank Rate

= 33.54% (Dec' 2010)

Record Lowest Interbank Rate

= 0.74% (Nov' 2009)

Bank rate = 5%

Repo = 6.75%

Reverse Repo = 4.75%Special Repo = 10.25%

SLR for conventional banks = 13%

SLR for Islamic banks = 5.5%

CRR for Both Categories

= 6.0 % (Daily Basis)

= 6.5%. (Fortnightly basis)

CRR for NBFI = 2.5%

SLR for NBFI = 5%

8. Credit Rating of Bangladesh:

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A. Standard & Poors:

Sovereign = BB-

Foreign = BB-

T&C Assessment = BB-

Outlook = Stable

B. Moody's Stable Rating =Ba3

9. Wage Earners' Remittance Inflow:

2015-16: $7.26 billion [1st July to 25th December 2015]

2014-15: $15.32 billion

2013-14: $14.23 billion

2012-13: $14.46 billion

10. Monthly remittances inflow in FY2015-16:

July: $1.39 billion

August: $1.20 billion

September: $1.35 billion

October: $1.10 billion

November: $1.14 billion

December: $1.08 billion [up to 25th Dec, 2015]

11. Foreign Exchange Reserve:

$27 Billion = 29/10/2015

$26 Billion = 17/08/2015

$25 Billion = 25/06/2015

$24 Billion = 29/04/2015

$23 Billion = 26/02/2015

$15 Billion = 05/05/2013

$10 Billion = 10/12/2009

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Monetary Policy : 2016(Jan-June)

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