NATIONAL ACCOUNTS STATISTICS - bbs.portal.gov.bdbbs.portal.gov.bd/sites/.../9e65598b_9813_40db_babd_7675aa0941c6/... · National Accounts Statistics regularly considering it to be

NATIONAL ACCOUNTS STATISTICS (Provisional Estimates of GDP, 2016-17 and

Final Estimates of GDP, 2015-16)

Bangladesh Bureau of Statistics Statistics and Informatics Division

Ministry of Planning

NATIONAL ACCOUNTS STATISTICS (Provisional Estimates of GDP, 2016-17 and Final Estimates of GDP, 2015-16)

May 2017

National Accounting Wing

Bangladesh Bureau of Statistics

Statistics and Informatics Division


Parishankhyan Bhaban

E-27/A, Agargaon, Dhaka

www.bbs.gov.bd

Foreword

National Accounts Statistics is an important annual publication of Bangladesh Bureau

of Statistics (BBS). It plays a very significant role in the evaluation and monitoring process of

overall performance of the macroeconomic scenario of the country. BBS publishes the

National Accounts Statistics regularly considering it to be a useful document for policymakers

and researchers/practitioners.

This publication intends to provide an insight on sector-wise economic performance

of the country through measuring selected core macroeconomic indicators such as Gross

Domestic Product (GDP), Gross National Income (GNI), Gross Disposable Income (GDI),

Savings, Investment and Consumption. This publication focuses on the provisional estimates

of GDP and other national accounts aggregates for FY2016-17. It also provides the final

estimates of GDP for FY2015-16.

I am delighted to know that BBS is going to publish the 20th issue of the series. I

firmly believe that the policy planners, academics, researchers, students and other

stakeholders will find the publication as a useful source of information on wide ranges of

macroeconomic indicators of the country.

I would take this opportunity to convey my sincere thanks to Mr. Md. Amir Hossain,

Director General, BBS and his colleagues for their untiring efforts in bringing out this

publication.

Dhaka

May 2017 K M Mozammel Hoq

Secretary

Statistics and Informatics Division (SID) Ministry of Planning

Government of the People’s Republic of Bangladesh

Director General

Bangladesh Bureau of Statistics

Statistics and Informatics Division


Preface

National Accounts Statistics is a regular annual publication of Bangladesh Bureau of

Statistics (BBS) since 1997. This is the 20th issue of the series. This publication reflects the

macro-economic situation and states sector-wise economic performance of Bangladesh. It

also acts as an instrument to monitor and evaluate macroeconomic stability of the country.

This publication inter alia states the provisional estimates of Gross Domestic Product (GDP)

and other national accounts aggregates for FY2016-17. The final estimates of GDP and

related other national accounts aggregates for FY 2015-16 have also been presented in this

publication.

I express my sincere respect and gratitude to Mr. K M Mozammel Hoq, Secretary,

Statistics and Informatics Division (SID) for his continuous support and guidance towards

improvement of the publication. It is recognized that the relentless efforts of the officers of

National Accounting Wing have made possible this document. I would, therefore like to

convey thanks to Mr. Abul Kalam Azad, Director, National Accounting Wing and his

colleagues for their sincere endeavours.

I hope this publication will be useful to the planners, policy makers and researchers

who have reasons to be concerned with the overall macroeconomic situation of Bangladesh.

Any comments and suggestions from the stakeholders for further improvement of this

publication will be much appreciated.

Dhaka

May 2017

Md. Amir Hossain (Additional Secretary)

i

Key Indicators of National Accounts

Indicator 2013-14 2014-15 2015-16 2016-17(p)

1. GDP at current market prices (billion Tk.) 13,437 15,158 17,329 19,561

2. GDP at constant market prices (billion Tk.) 7,741 8,249 8,835 9,475

3. GNI at current market prices (billion Tk.) 14,332 16,142 18,327 20,380

4. GNI at constant market prices (billion Tk.) 8,257 8,784 9,344 9,873

5. Per capita GDP at current market prices (Tk.) 86,266 96,004 108,378 120,931

6. Per capita GNI at current market prices (Tk.) 92,015 102,236 114,621 125,999

7. Per capita GDP at current market prices ( in US$) 1,110 1,236 1,385 1,538

8. Per capita GNI at current market prices ( in US$) 1,184 1,316 1,465 1,602

9. Per capita GDP at constant market prices (Tk.) 49,701 52,243 55,259 58,581

10. Per capita GNI at constant market prices (Tk.) 53,013 55,634 58,442 61,036

11. Growth rate of GDP at constant prices (%) 6.06 6.55 7.11 7.24

12. Sectoral growth rate of GDP at constant prices (%)

Agriculture 4.37 3.33 2.79 3.40

Industry 8.16 9.67 11.09 10.50

Services 5.62 5.80 6.25 6.50

13. Sectoral shares of GDP at constant prices (%)

Agriculture 16.50 16.00 15.35 14.79

Industry 29.55 30.42 31.54 32.48

Services 53.95 53.58 53.12 52.73

14. Consumption at current prices (billion Tk.) 10469 11799 13000 14464

Private consumption (billion Tk.) 9751 10980 11979 13213

Public consumption (billion Tk.) 717 819 1021 1251

15. Investment at current prices (billion Tk.) 3840 4379 5138 5921

Private investment (billion Tk.) 2960 3345 3983 4501

Public investment (billion Tk.) 880 1034 1155 1420

16. Domestic savings at current prices (billion Tk.) 2968 3359 4328 5097

17. National savings at current prices (billion Tk.) 3927 4399 5332 5926

18. Consumption as % of GDP 77.91 77.84 75.02 73.94

Private consumption 72.57 72.44 69.13 67.55

Public consumption 5.34 5.40 5.89 6.39

19. Investment as % of GDP 28.58 28.89 29.65 30.27

Private investment 22.03 22.07 22.99 23.01

Public investment 6.55 6.82 6.66 7.26

20. Domestic savings as % of GDP 22.09 22.16 24.98 26.06

21. National savings as % of GDP 29.23 29.02 30.77 30.30

22. Revenue receipt as % of GDP 11.66 10.78 10.24 12.41

Tax 9.69 9.28 8.97 10.76

Non-Tax 1.97 1.50 1.27 1.65

23. Total Government expenditure as % of GDP 16.09 15.81 15.27 17.41

Note: “p” denotes provisional estimates. Constant price base year: 2005-06 Contd.

ii

Key Indicators of National Accounts

Indicator 2013-14 2014-15 2015-16 2016-17(p)

24. General economic level and performance

GDP per capita (US $) 1,110 1,236 1,385 1,538

GDP rate of growth (%) 6.06 6.55 7.11 7.24

25. Investment

Gross fixed capital formation / GDP 28.58 28.89 29.65 30.27

26. Savings

Savings / GDP 29.23 29.02 30.77 30.30

Savings / Gross fixed capital formation 102.27 100.46 103.77 100.09

27. Performance of government

Government budget deficit / GDP 3.99 4.66 4.74 4.13

Taxes / GDP 9.69 9.28 8.97 10.76

28. Foreign trade performance

Imports / GDP, import rate of growth 25.52 24.75 21.30 20.72

Exports / GDP, export rate of growth 18.99 17.34 16.65 15.47

(Exports + imports) / GDP 44.51 42.09 37.95 36.19

(Exports less imports) / GDP -6.53 -7.41 -4.65 -5.25

29. Balance of payments

Current external account balance / GDP 0.60 -0.55 1.14 -1.01

(Exports less imports) / GDP -6.53 -7.41 -4.65 -5.25

30. Foreign exchange reserve (million US$) 21,508 25,025 30,138 32,519/a

31. Prices

Producer Price Index (PPI) (base : 2005-06) 154.85 180.20 196.19 205.47 /b

Consumer Price Index (CPI) (base : 2005-06) 195.08 207.58 219.86 235.29/c

Interest rate 5.00 5.00 5.00 5.00

Foreign exchange rates (Taka per US$) 77.72 77.67 78.27 78.63/d

Note: /a April 2017, /b February 2017, /c March 2017, /d Eight month (July-February, 2016-17) average. “p” denotes provisional

estimates

Contents

Page

Key Indicators of National Accounts i

1. Provisional Estimates of GDP for FY2016-17 and Final Estimates of

GDP for FY2015-16

1

Provisional Estimates of GDP for FY2016-17 1

Final Estimates of GDP for FY2015-16 17

2. Provisional and Final Estimates of GDP by Expenditure Category 21

3. Inflation and Growth Rate 37

Inflation 37

GDP Annex Tables 41

4. Explanatory Notes 77

Concepts and data sources used in compiling GDP estimates 77

Statistical Annex Tables 81

Related Publications on National Accounts Statistics 89

v

Acronym

BBS : Bangladesh Bureau of Statistics

BFDC : Bangladesh Fisheries Development Corporation

BFIDC : Bangladesh Forest Industries Development Corporation

BMPI : Building Materials Price Index

BOP : Balance of Payment

BSIC : Bangladesh Standard Industrial Classification

CFC : Consumption of Fixed Capital

C&F : Clearing and Forwarding

CPI : Consumer Price Index

CSPS : Community Social and Personal Services

DAM : Department of Agricultural Marketing

FY : Fiscal Year

FISIM : Financial Intermediation Services Indirectly Measured

GCF : Gross Capital Formation

GDP : Gross Domestic Product

GFCF : Gross Fixed Capital Formation

GNI : Gross National Income

GO : Gross Output

GVA : Gross Value Added

HIES : Household Income and Expenditure Survey

IC : Intermediate Consumption

ISIC : International Standard Industrial Classification

MP : Market Price

NBR : National Board of Revenue

m.p. : Market Price

NI : National Income

NPISHS : Non-Profit Institutions Serving Household Sector

OS : Operating Surplus

PPI : Producer Price Index

QIIP : Quantum Index of Industrial Production

SID : Statistics and Informatics Division

SNA : System of National Accounts

UVI : Unit Value Index

VA : Value Added

1

11 Provisional Estimates of GDP for FY2016-17 and Final

Estimates of GDP for FY2015-16

Provisional Estimates of GDP in FY2017

Provisional estimates of GDP for FY2016-17 indicate an expansion of the economy, with a

growth of 7.24% in real term as compared to 7.11% (final estimate) in FY2015-16. As

compared to FY2015-16, the higher GDP growth in FY2016-17 is mainly due to increase of

growth in respect of (i) Manufacturing, (ii) Electricity, Gas and Water Supply, (iii)

Construction, (iv) Wholesale and retail trade (iv) Transport, Storage & communication (vi)

Public Administration and Defence and (vii) Education. Crops and horticulture, a sub-sector

of the agriculture sector is estimated to post a upward growth of 1.72% in FY2016-17

compared to 0.88% in FY2015-16. However, the growth of large & medium scale

manufacturing sector increased to 11.32% in FY2016-17 as against 12.26% in the previous

year.

The GDP growth rates at current and constant prices during the year from FY2005-06 to

FY2016-17 are shown in the following graph.

The value of GDP at current market prices is provisionally estimated at Tk. 19,561 billion

which is about 12.88% higher than that of FY2015-16. GDP at constant market prices is

2

provisionally estimated at Tk. 9,475 billion which is 7.24% higher than that of FY2015-16 as

shown in Table 5 and Table 6 (page-13).

Per Capita Income

At current prices the per capita GDP and GNI for FY2015-17 are estimated at Tk. 120,931

(US$ 1538) and Tk. 125,999 (US$ 1602) respectively. At constant prices (at 2005-06 prices)

the per capita GDP and GNI for FY2016-17 are estimated at TK. 58,581 and Tk. 61,036

respectively. The provisional estimates are based on the five to seven months actual data

available for the real sectors, government budget and the projected or trend data of the

remaining sectors and sub-sectors.

3

Sectoral performances of the economy for FY2016-17:

Agriculture Sector

The agriculture sector contributes about 14.79% of the total GDP. It includes three sub-

sectors namely (i) Crops and horticulture (ii) Animal farming and (iii) Forest and related

services. The overall growth rate of the broad agriculture sector for FY2016-17 is

provisionally estimated at 3.40% in real terms over FY2015-16.

Crop agriculture

Crops and Horticulture sub-sector: According to the provisional estimate, the crops and

horticulture sub-sector of the agriculture sector is likely to increase by 1.72% in real terms in

FY2016-17 over FY2015-16. This growth is due to increase in Jute, Potato and some minor

crops production. The production of Jute has increased from 75.58 lac bale in FY2015-16 to

82.46 lac bale in FY2016-17.

Table 1. Production of major crops

(Lac Metric Ton)

Major Crops 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17(p)

Aus 23.32 21.58 23.26 23.28 22.88 21.33

Aman 127.98 128.97 130.23 131.90 134.83 136.50

Boro 187.59 187.78 190.07 191.92 189.37 189.37

Wheat 9.95 12.55 13.03 13.47 13.48 13.48

Total cereals 348.85 350.88 356.59 360.57 360.56 360.68

Maize 12.98 15.48 21.24 23.50 24.45 26.65

Potato 82.05 86.03 89.50 92.54 94.74 99.50

Jute (Lac bale) 80.03 76.11 74.36 75.01 75.58 82.46

Note: “p” denotes provisional, * denotes actual

Production of Aus rice is 21.33 lac metric tons in FY2016-17 against 22.88 lac

metric tons in the previous year, i.e. -6.77% lower.

Aman rice production is 136.50 lac metric tons in FY2016-17 against 134.83 lac

metric tons in FY2015-16. Production of FY2016-17 is yet to be finalised.

Since Boro rice production is yet to be finalized, the previous year’s production has

been taken as estimated production for FY2016-17.

4

It assumes that the previous year’s production of Wheat will be retained (13.48 lac

metric ton) in FY2016-17.

Production of Maize has been increased significantly over the recent past and BBS is

actively considering to adopt the same procedure for estimating its production like

other major crops. In FY2016-17, the production Maize has been estimated to 26.10

lac metric tons.

Production of Potato has been forecasted at 99.50 lac metric tons in FY2016-17 as

compared to 94.74 lac metric tons in FY2015-16.

Production of Jute has increased from 75.58 lac bales in FY2015-16 to 82.46 lac

bales in FY2016-17, i.e. 9.10% higher.

Minor crops contributed about 30% to the total output of the crop sub-sector which

includes pulses, spices, sugarcane, fruits, vegetables, tobacco etc. Most of the minor

crops production is yet to be finalized and hence the previous year’s production has

been taken as estimated production for FY2016-17. It may cause some changes in the

production of minor crops if the final estimation is used. It needs to mention here that

during the estimation of provisional GDP, a number of both major and minor crops

have not been harvested. Therefore, final estimate was not done. Over-all, the growth

of agriculture and forestry sector is likely to increase by 2.51% in FY2016-17 as

against 1.79% growth in the previous year.

5

Non-crop agriculture

Animal Farming and Forestry: The growth rate in the animal farming sub-sector is likely to

be 3.32% in FY2016-17 compared to 3.19% in FY2015-16. Gross value added in the forestry

and related services sub-sector is expected to grow by 5.60% during FY2015-17, compared to

5.12% in FY2015-16.

Fishing: Total production of inland and marine catches as estimated by the Directorate of

Fisheries (DoF) is in FY2016-17 higher than that of the previous year. The fishing sector is

likely to grow by 6.26% in FY2016-17 compared to 6.11% in FY2015-16.

Table 2. Fish production (adjusted)

(Thousand Metric Ton)

Year Inland Fish Marine Fish Total Production

2004-05 1,877 407 2,284

2005-06 1,969 427 2,396

2006-07 2,048 446 2,494

2007-08 2,133 464 2,597

2008-09 2,218 482 2,700

2009-10 2,311 503 2,814

2010-11 2,429 566 2,995

2011-12 2,559 597 3,156

2012-13 2,723 633 3,356

2013-14 2,895 648 3,543

2014-15 3,018 684 3,702

2015-16 3,186 692 3,878

2016-17(p) 3,318 697 4,015

Note: “p” denotes projected estimates

6

Industry Sector

The broad industry sector comprises (i) mining and quarrying (ii) manufacturing (iii)

electricity, gas and water supply and (iv) construction activities. The industry sector accounts

for 32.48% of GDP at constant prices for FY2016-17. The growth rate of the broad industry

sector is provisionally estimated at 10.50% for FY2016-17 compared to 11.09% for FY2015-

16. The expected sectoral performances are likely to be as follows:

Mining and Quarrying: Data of major components of this sector, i.e. gas, coal and hard

rock are obtained from Petrobangla. Estimation of this sector has been made on the basis of

six months (July-December, FY2016-17) data. Mining and quarrying is likely to sustain its

growth at 8.00% in FY2016-17 which is lower than (12.84%) FY2015-16. Production of coal

at Barapukuria is included in the ‘Other Mining’ sub-sector. The growth rate of the ‘Other

Mining’ sub-sector is 14.60% in FY2016-17 as compared to 14.42% in the previous year.

Manufacturing: This sector comprises two sub-sectors:

i) Large and medium scale industries and

ii) Small scale industries

Provisional estimate of Quantum Index of Industrial Production (QIIP) used in computing

value added of large and medium scale industries. Growth rate of value added for large &

medium scale industries is 11.32% in FY2016-17 as compared to 12.32% in FY2015-16.

Production of both large and medium scale manufacturing industries, particularly in the case

of Jute textile, Cotton textile, Paper, Cement, Petroleum product, Pharmaceuticals and Food

shows higher growth in the first six months of FY2016-17. However, Garments and

Knitwear, Fertilizer, Tobacco etc. showed negative growth in the first six months of FY2016-

17 as compared to the corresponding period in the previous year.

As regards small scale industries, the output of cottage and handloom industries is estimated

using inter-survey growth rates obtained from the past surveys. For estimating output of other

small scale industries Quantum Index of Industrial Production for Small Scale Industries is

used. This sub-sector contributes about 27% of the total output of the manufacturing sector.

The production of this sub-sector mostly depends on indigenous raw materials and is

generally immune to external shocks. Small scale manufacturing industries like Grain

milling, Food products, Garments products etc. show higher growth in the first six months of

current fiscal year. On the other hand production indices of small milling, printing &

7

publishing etc. shows a downward trend in the same period. Growth rate of small scale

industries as a whole stands at 9.19% in FY2016-17 as against 7.02% in FY2015-16.

Table.3. Quantum Index of Major Industries (Large and Medium Scale Industries) (Base: 2005-06)

Code Name of Industry 2013-14 2014-15 2015-16

July-December

2015-16 2016-17 Growth

rate

3 GENERAL INDEX(MFG.) 213.22 236.11 268.11 254.18 275.68 8.46

10 Food products 241.52 333.07 385.10 386.89 360.82 -6.74

11 Beverages 243.19 230.06 269.75 250.34 261.03 4.27

12 Tobacco products 149.65 147.37 135.48 133.65 136.82 2.37

13 Textile 139.68 122.81 138.90 129.02 156.49 21.29

14 Wearing apparel 293.7 304.76 338.73 316.72 332.28 4.91

15 Leather and related products 147.83 140.48 125.44 114.19 160.23 40.32

16 Wood and products of wood and

cork 243.39 269.88 301.72 296.13 321.11

8.44

17 Paper and paper products 151.95 174.68 181.08 180.11 183.29 1.77

18 Printing and reproduction of

recorded media 127.73 140.91 147.83 146.41 154.18

5.31

19 Coke and refined petroleum

products 92.76 96.79 112.00 84.31 173.35

105.61

20 Chemicals and chemical

products 80.41 77.49 92.73 88.49 97.95

10.69

21 Pharmaceuticals and medicinal

chemical 230.6 290.98 319.26 311.09 359.37

15.52

22 Rubber and plastic products 263.84 292.69 338.14 320.74 360.10 12.27

23 Other non-metallic mineral

products 144.18 182.78 258.34 231.41 298.31

28.91

24 Basic metals 150.2 187.13 202.85 182.09 171.74 -5.68

25 Fabricated metal products except

machinery 164.33 182.30 200.53 191.86 229.84

19.80

26 Computer, electronic and optical

products 105.46 148.37 231.89 174.97 219.00

25.16

27 Electrical equipment 132.06 164.56 214.12 195.60 352.52 80.22

28 Machinery and equipment n.e.c 172.68 204.89 279.14 247.12 360.95 46.06

29 Motor vehicles, trailers and

semi-trailers 205.84 178.83 331.63 327.49 744.63

127.37

30 Other transport equipment 152.88 340.12 592.41 608.06 493.28 -18.88

31 Furniture 101.12 116.35 132.02 129.69 148.71 14.67

If other industries could retain at least the same rate of growth as achieved in the

corresponding period of previous fiscal year, the overall manufacturing sector may achieve a

growth rate of 10.96% in FY2016-17 as compared to 11.69% in FY2015-16.

Electricity and Gas: The data available up to January 2017 have been used for projecting

the growth rate of this sector. Long term trend of the annual production of electricity and gas

is shown in the following table:

8

Table 4. Production of Gas and Electricity

Year Gas

(106 Cu. meter)

Electricity

(106 KWh)

2004-05 13,783 21,408

2005-06 14,921 22,977

2006-07 15,920 23,268

2007-08 17,014 24,953

2008-09 18,511 26,533

2009-10 19,919 29,246

2010-11 20,075 31,355

2011-12 21,056 35,117

2012-13 22,670 38,229

2013-14 23,232 38,040

2014-15 25,263 40,358

2015-16 27,559 46,371

2015-16 16,097 (July- January) 19,352 (July-November)

2016-17 16,051 (July- January) 22,106 (July-November)

In FY2015 and FY2016 electricity production was 40,358 and 46,371 million KWh

respectively as reported by Power Development Board (PDB). Electricity production for

the first five months (July 2016-November 2016) of FY2016-17 was 22,106 million

KWh, which was 2,754 million KWh higher than that of the same period of the previous

year. It is expected that the generation of electricity will maintain the same growth in the

full year of FY2016-17.

Gas output is showing a upward trend and natural gas alone accounted for about 37% of

total value added of mining sector.

In FY2014-15 and FY2015-16 gas production was 25.26 and 27.56 billion cubic meters

respectively. Gas production for the first seven months (July 2016-January 2017) of

FY2016-17 was 16.05 billion cubic meters, which was 0.29% lower than that of the same

period of last year.

As a result, the growth rate of the electricity, gas and water supply sector is expected to be

12.72% in FY2016-17 as compared to 13.33% in FY2015-16.

Construction: The major components of construction activities are pucca, semi-pucca,

kutcha house construction and other structures. The value of output of pucca and semi-pucca

dwelling and non-dwellings construction is estimated using commodity flow approach. This

approach envisages estimation of production of commodities used in construction after

9

adjusting them for inputs in other industries, changes in stocks; imports and exports so as to

obtain the net availability of commodities for construction purposes. The expenditure on

kutcha house construction is estimated in an indirect way, based on the estimated increase in

the stock of such houses and the cost of construction of an average quality house. Cement,

iron and steel, bricks, timber & round wood and fixtures & fittings are the major inputs of the

construction sector. The domestic production of cement in the first six months of FY2015-16

is higher than that of the same period of previous year. Data available from Bangladesh Bank

shows that the import of iron and steel during July-December 2016 is higher than that of the

same period of the previous year. The production of bricks in the first six months of FY2015-

16 is slightly increased over the same period of previous year. Public sector construction is

likely to be higher due to increased Annual Development Programme for FY2015-16. Overall

the construction sector is likely to achieve higher growth rate due to increase of construction

activity. The construction sector is, therefore, projected to grow by 9.31% in FY2016-17

against 8.57% in FY2015-16.

10

Service Sector

Service sector or tertiary sector includes all service activities. Total output of the service

sector consists of the collective outputs of the wholesale and retail trade, transport, storage

and communication, financial intermediations, real estate, renting and business activities,

public administration and defence, education, health and social work and community, social

and personal services activities. The sectoral share of the services sector is 52.73% of the

total GDP at constant prices. Growth scenarios of the services sector for FY2016-17 are

briefly as follows:

Wholesale and Retail Trade; Repair of Motor Vehicles, Motorcycles and Personal and

Household goods: Commodity flow method is applied to estimate output of this sector which

depends on agriculture and manufacturing sectors. The output of this sector is likely to

register a growth rate of 6.88% in FY2016-17 compared to 6.50% in previous year. It is due

to increase in manufacturing production and imported commodities in FY2016-17. Table 5

and table 6 present the value added estimates and the growth rates of wholesale and retail

trade sector during FY2013-14 to FY2016-17 at current and constant prices respectively.

Hotel and Restaurant: Growth rates obtained from Hotel and restaurant survey 2009-10 are

used for estimating output of Hotel and Restaurants sector adjusted by coefficients from

survey of selected economic indicators. Consumer Price Index (CPI) is used for constant

price estimates. The sector is expected to achieve a growth rate of 7.14% in FY2016-17

which is higher than previous year (6.98%).

Transport, Storage and Communication Sector: Major sources of information of this

sector are Bangladesh Road Transport Authority (BRTA), Bangladesh Railway (BR),

Bangladesh Shipping Corporation (BSC), Chittagong Port Authority, Bangladesh Inland

Water Transport Corporation (BIWTC), Bangladesh Post Office etc. The combined effect of

information from this sector show that the transport, storage and communication sector is

expected to achieve a growth rate of 6.68% in FY2016-17 which is higher than previous year

(6.08%). Post and Tele communication services increased with a growth of 6.63% in

FY2016-17. Communication services, particularly the Mobile Phone Services (MPS) market

continued to drive the telecommunication industries because of strong consumer demand

which led to the high growth of Post and Telecommunication sub-sector. Hence the share of

this sector in GDP is estimated 11.25% at constant prices.

11

Financial Intermediations: The financial institutions including central bank, schedule

banks, leasing companies, insurance companies, microfinance institutions, stock markets etc.

belong to this sector. The sources of data are Bangladesh Bank, Insurance Development and

Regularity Authority (IDRA), Bangladesh Insurance Association, Bangladesh Central

Depository Ltd and annual report of other financial institutions. Net interest income is the key

indicator used to estimate the value added of banking sector, where premium received less

claim paid is used to estimate the value added of insurance sector. Other financial auxiliary

includes money changers, insurance agents and stock markets. The sector experienced an

increase of 7.74% in FY2015-16, where the decrease is estimated to 7.67% in FY2016-17.

Real Estate, Renting and Business Activities Sector: Inter-censal compound growth rate is

used for estimating dwelling houses. Annual average house rent and maintenance cost is used

for estimating output and intermediate consumption respecting at constant price.

Extrapolation and set movers obtained from the Population and Housing Census, 2011, have

been used for estimating the value added in this sector for FY2016-17. The growth rate in this

sector is provisionally estimated at 4.78% in FY2016-17.

Public Administration & Defence Sector: This sector covers services rendered by the

administrative departments of the central and the local governments, government non-profit

institutions (NPIs) and defense sector as well. The sources of data are the budget documents

of the central government (revenue and development budgets) and local governments. At

constant prices Public Administration and Defense sector is likely to grow by 9.85 percent in

FY2016-17 compared to the previous year. This is due to increase in new pay scale, pensions

and gratuities etc. of the government.

Education Sector: Gross value added (GVA) of this sector is compiled mainly from public

and private educational institutions. Public part is estimated from Government budget

document. Private part is estimated from the growth rate of “Private education survey 2006-

07”. Sectoral growth rate for education is expected to be 11.51% in FY2016-17 compared

11.71% in FY2015-16.

Health and Social Works: Health sector is divided into public and private sub sector.

Current price GVA of Public sector is estimated on income method by using the data from

government expenditure data collected from office of the Comptroller General of Accounts

(CGA). Current price is then deflated to constant price by using CPI national. Growth rate of

Survey on private health establishment survey, 2007 is used to estimate constant price GVA

of private sector and it is being inflated by the said deflator to come up with current price

12

estimate. It is estimated that the sector would record as higher growth of 7.50% in FY2016-

17 as compared to 7.54% in FY2015-16.

Community, Social and Personal Services: This sector is projected to grow by 3.62% in

FY2016-17 over FY2015-16. This sector is estimated from the growth rate of “Labour force

survey 2013” and “Professional and miscellaneous survey 1992-93”.

Sectoral Shares in GDP

At current prices the share of the Agriculture sector (which includes crop and non-crop

agriculture, animal farming and poultry, forestry and fishing) in total GDP is 14.22% in

FY2016-17 as against 14.77% for FY2015-16. At current prices, the share of Industry sector

in total GDP is 29.25% for FY2016-17 as against 28.77% for FY2015-16. The share of the

service sector (wholesale and retail trade; hotel and restaurants; transport, storage and

communication; financial intermediations; real estate, renting and business activity; public

administration and defence; education; health and social work; community, social and

personal services) in total GDP is 56.53% for FY2016-17 which was 56.46% for FY2015-16.

The data on sectoral shares show that the share of agriculture sector in GDP is gradually

decreasing while that of service sector is increasing.

These changes indicate that while physical output (particularly for crops and horticulture) of

Agriculture sector has increased on a sustained basis, its relative contribution has been

declining while service sector contribution has been steadily increasing over the period.

13

Table 5. Gross Domestic Product by Industrial Sector at Current Prices, 2013-14 to

2016-17(p) (Million Tk.)

2013-14 2014-15 2015-16 2016-17(p)

Industry Sector Value

Added

Sectoral

Growth

Rate

Value

Added

Sectoral

Growth

Rate

Value

Added

Sectoral

Growth

Rate

Value

Added

Sectoral

Growth

Rate

I. Agriculture 2,062,758 11.05 2,240,810 8.63 2,433,902 8.62 2,644,760 8.66

1. Agriculture and Forestry 1,639,682 10.22 1,764,997 7.64 1,903,146 7.83 2,048,303 7.63

i) Crops and Horticulture 1,179,029 10.40 1,261,209 6.97 1,343,222 6.50 1,437,046 6.99

ii) Animal Farming 276,668 9.10 298,845 8.02 331,653 10.98 355,757 7.27

iii) Forest and Related

Services 183,985 10.80 204,942 11.39 228,271 11.38 255,499 11.93

2. Fishing 423,076 14.36 475,813 12.47 530,756 11.55 596,457 12.38

II. Industry 3,535,349 12.09 4,067,108 15.04 4,738,710 16.51 5,439,024 14.78

3. Mining and Quarrying 210,799 8.32 238,757 13.26 285,777 19.69 344,207 20.45

4. Manufacturing 2,232,207 13.24 2,544,831 14.01 2,951,110 15.96 3,372,613 14.28

i) Large and Medium Scale 1,803,818 13.84 2,059,920 14.20 2,401,641 16.59 2,749,271 14.47

ii) Small Scale 428,389 10.75 484,911 13.19 549,469 13.31 623,342 13.44

5. Electricity, Gas, Water

Supply 184,006 12.33 198,682 7.98 238,291 19.94 256,628 7.70

6. Construction 908,336 10.19 1,084,839 19.43 1,263,532 16.47 1,465,576 15.99

III. Services 7,206,899 12.59 8,141,955 12.97 9,300,505 14.23 10,512,485 13.03

7. Wholesale and Retail

Trade; Repair of Motor

Vehicles, Motorcycles and

Personal and Household

Goods 1,725,752 11.64 1,925,854 11.60 2,142,574 11.25 2,377,558 10.97

8. Hotels and Restaurants 130,353 15.73 149,279 14.52 170,583 14.27 193,686 13.54

9. Transport, Storage and

Communication 1,343,166 8.08 1,500,253 11.70 1,691,650 12.76 1,869,771 10.53

10. Financial Intermediations 485,632 14.98 557,610 14.82 636,013 14.06 723,343 13.73

11. Real Estate, Renting and

Business Activity 912,291 15.74 1,060,609 16.26 1,237,395 16.67 1,445,127 16.79

12. Public Adm. and Defence 447,278 18.71 506,741 13.29 667,111 31.65 807,350 21.02

13. Education 327,673 15.26 376,240 14.82 465,124 23.62 566,412 21.78

14. Health and social work 269,238 12.80 301,352 11.93 347,578 15.34 391,513 12.64

15. Community, social and

Personal services 1,565,516 12.67 1,764,017 12.68 1,942,478 10.12 2,137,725 10.05

GVA at current basic prices 12,805,005 12.20 14,449,873 12.85 16,473,116 14.00 18,596,269 12.89

Tax less subsidy 631,739 9.56 708,149 12.10 855,521 20.81 964,288 12.71

GDP at current market prices 13,436,744 12.07 15,158,022 12.81 17,328,637 14.32 19,560,557 12.88

GNI at current market prices 14,332,238 10.64 16,142,043 12.63 18,326,749 13.53 20,380,406 11.21

Note: “p” denotes provisional estimates

14

Table 6. Gross Domestic Product by Industrial Sector at Constant Prices,

2013-14 to 2016-17(p) (base: 2005-06)

(Million Tk.)

2013-14 2014-15 2015-16 2016-17(p)

Industry Sector Value

Added

Sectoral

Growth

Rate

Value

Added

Sectoral

Growth

Rate

Value

Added

Sectoral

Growth

Rate

Value

Added

Sectoral

Growth

Rate

I. Agriculture 1,225,702 4.37 1,266,498 3.33 1,301,786 2.79 1,346,029 3.40

1. Agriculture and Forestry 951,513 3.81 974,802 2.45 992,281 1.79 1,017,155 2.51

i) Crops and Horticulture 689,378 3.78 701,996 1.83 708,139 0.88 720,323 1.72

ii) Animal Farming 132,581 2.83 136,666 3.08 141,027 3.19 145,703 3.32

iii) Forest and Related services 129,553 5.01 136,139 5.08 143,115 5.12 151,129 5.60

2. Fishing 274,189 6.36 291,695 6.38 309,504 6.11 328,874 6.26

II. Industry 2,195,739 8.16 2,407,999 9.67 2,675,137 11.09 2,955,962 10.50

3. Mining and Quarrying 121,265 4.68 132,901 9.60 149,966 12.84 161,966 8.00

4. Manufacturing 1,446,534 8.77 1,595,680 10.31 1,782,228 11.69 1,977,499 10.96

i) Large and Medium Scale 1,185,403 9.32 1,312,254 10.70 1,473,134 12.26 1,639,943 11.32

ii) Small Scale 261,131 6.33 283,426 8.54 309,094 9.06 337,556 9.21

5. Electricity, Gas, Water supply 105,853 4.54 112,435 6.22 127,422 13.33 143,636 12.72

6. Construction 522,087 8.08 566,983 8.60 615,521 8.56 672,861 9.32

III. Services 4,008,360 5.62 4,240,887 5.80 4,505,812 6.25 4,798,607 6.50

7. Wholesale and Retail Trade;

Repair of Motor Vehicles,

Motorcycles and Personal and Household Goods 1,047,757 6.73 1,114,256 6.35 1,186,654 6.50 1,268,271 6.88

8. Hotels and Restaurants 55,701 6.70 59,504 6.83 63,657 6.98 68,206 7.14


Communication 853,824 6.05 904,748 5.96 959,718 6.08 1,023,829 6.68

10. Financial Intermediations 247,902 7.27 267,192 7.78 287,873 7.74 309,967 7.67

11. Real Estate, Renting and Business Activities 516,147 4.25 538,880 4.40 562,968 4.47 589,873 4.78

12.. Public Adm. and Defence 251,646 6.89 276,365 9.82 307,962 11.43 338,297 9.85

13. Education 167,809 7.26 181,250 8.01 202,480 11.71 225,784 11.51

14. Health and Social Work 138,021 5.06 145,174 5.18 156,124 7.54 167,837 7.50

15. Community, Social and Personal Services 729,554 3.27 753,518 3.28 778,376 3.30 806,544 3.62

GVA at constant basic price 7,429,801 6.15 7,915,384 6.54 8,482,734 7.17 9,100,598 7.28

Tax less subsidy 311,560 3.99 333,240 6.96 352,655 5.83 374,818 6.28

GDP at constant market prices 7,741,361 6.06 8,248,624 6.55 8,835,389 7.11 9,475,416 7.24


15

Table 7. Sectoral Share of GDP at Current and Constant Prices, 2013-14 to 2016-17(p)

2013-14 2014-15 2015-16 2016-17(p)

Industry Sector Current

Prices

Constant

Prices

Current

Prices

Constant

Prices

Current

Prices

Constant

Prices

Current

Prices

Constant

Prices

I. Agriculture 16.11 16.50 15.51 16.00 14.77 15.35 14.22 14.79

1. Agriculture and Forestry 12.81 12.81 12.21 12.32 11.55 11.70 11.01 11.18

i) Crops and Horticulture 9.21 9.28 8.73 8.87 8.15 8.35 7.73 7.92

ii) Animal Farming 2.16 1.78 2.07 1.73 2.01 1.66 1.91 1.60

iii) Forest and Related Services 1.44 1.74 1.42 1.72 1.39 1.69 1.37 1.66

2. Fishing 3.30 3.69 3.29 3.69 3.22 3.65 3.21 3.61

II. Industry 27.61 29.55 28.15 30.42 28.77 31.54 29.25 32.48

3. Mining and Quarrying 1.65 1.63 1.65 1.68 1.73 1.77 1.85 1.78

4. Manufacturing 17.43 19.47 17.61 20.16 17.91 21.01 18.14 21.73

i) Large and Medium Scale 14.09 15.95 14.26 16.58 14.58 17.37 14.78 18.02

ii) Small Scale 3.35 3.51 3.36 3.58 3.34 3.64 3.35 3.71

5. Electricity, Gas, Water Supply 1.44 1.42 1.37 1.42 1.45 1.50 1.38 1.58

6. Construction 7.09 7.03 7.51 7.16 7.67 7.26 7.88 7.39

III. Services 56.28 53.95 56.35 53.58 56.46 53.12 56.53 52.73

7. Wholesale and Retail Trade;

Repair of Motor Vehicles,

Motorcycles and Personal and

Household Goods 13.48 14.10 13.33 14.08 13.01 13.99 12.79 13.94

8. Hotels and Restaurants 1.02 0.75 1.03 0.75 1.04 0.75 1.04 0.75


Communication 10.49 11.49 10.38 11.43 10.27 11.31 10.05 11.25

10. Financial Intermediations 3.79 3.34 3.86 3.38 3.86 3.39 3.89 3.41


Business Activities 7.12 6.95 7.34 6.81 7.51 6.64 7.77 6.48

12. Public Adm. and Defence 3.49 3.39 3.51 3.49 4.05 3.63 4.34 3.72

13. Education 2.56 2.26 2.60 2.29 2.82 2.39 3.05 2.48

14. Health and Social Work 2.10 1.86 2.09 1.83 2.11 1.84 2.11 1.84

15. Community, Social and

Personal Services 12.23 9.82 12.21 9.52 11.79 9.18 11.50 8.86

Total 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00


16

Table 8. Per Capita GDP and GNI at Current Prices, 2013-14 to 2016-17(p)

Item 2012-13 2013-14 2014-15 2015-16 2016-17(p)

GDP (Million Tk.) 11,989,232 13,436,744 15158022 17,328,637 19,560,557

GNI (Million Tk.) 12,953,523 14,332,238 16142043 18,326,749 20,380,406

Per Capita GDP (Tk.) 78,009 86,266 96004 108,378 120,931

Growth rate (per capita GDP) 12.06 10.58 11.29 12.89 11.58

Per Capita GNI (Tk.) 84,283 92,015 102236 114,621 125,999

Growth rate (per capita GNI) 11.63 9.17 11.11 12.11 9.93

Per Capita GDP (US $) 976 1,110 1236 1,385 1,538

Per Capita GNI (US $) 1,054 1,184 1316 1,465 1,602


Table 9. Per Capita GDP and GNI at Constant Prices, 2012-13 to 2016-17(p)

(Base: 2005-06)

Item 2012-13 2013-14 2014-15 2015-16 2016-17(p)

GDP (Million Tk.) 7,298,965 7,741,361 8248624 8,835,389 9,475,416

GNI (Million Tk.) 7,886,019 8,257,285 8784104 9,344,299 9,872,562

Per Capita GDP (Tk.) 47,491 49,701 52243 55,259 58,581

Growth rate (per capita GDP) 4.56 4.65 5.11 5.77 6.01

Per Capita GNI (Tk.) 51,311 53,013 55634 58,442 61,036

Growth rate (per capita GNI) 4.15 3.32 4.94 5.05 4.44


17

Final Estimates of GDP for FY2015-16

The provisional estimates of Gross Domestic Product (GDP) for FY2015-16 were released in

September 2016. These estimates are revised and finalized incorporating latest information of

agricultural production, index of industrial production and performance of other key sectors

like construction; transport, storage and communication; financial intermediations and

government expenditure. Thus, final estimates of GDP are based on a more complete annual

data than what were available for the provisional estimates. The salient features of the final

estimates are stated below:

Estimate at constant prices (base: 2005-06)

a. Gross Domestic Product

Gross domestic product at constant prices (base: 2005-06) in FY2015-16 has now been

estimated at Tk. 8835389 million, against Tk. 8248624 million in FY2014-15, showing a

growth rate of 7.11 per cent over the previous year. The slight increase in growth rate of real

GDP in final estimate (7.11%) as compared to the provisional estimate for the FY2015-16

(7.05%) is primarily due to downward revision in the growth of agriculture, mining &

quarrying, public administration, education and some other sectors.

b. Per Capita GDP

The per capita GDP in real terms (base: 2005-06) for FY2015-16 has been estimated at Tk.

55,259 as against Tk. 52,243 for FY2014-15. The growth rate of per capita GDP has been

estimated at 5.77% for FY2015-16.

Agriculture sector

According to the final estimates, the agriculture sector (including fishing) showed a growth of

2.79% in FY2015-16 over FY2014-15. Such growth was largely attributed to the increased

production of Aus, Aman, Boro, Wheat and Potato.

In the provisional estimates, the crop sub-sector was estimated to grow by 0.50% but in the

final estimates, this sub-sector’s growth rate stood at 0.88%.

In the provisional estimates, the fisheries sub-sector was estimated to grow by 6.19%, but in

the final estimates, this sub-sector recorded slightly lower growth rate of 6.11% based on fish

production data provided by the Directorate of Fishery (DoF).

18

Industry sector

Mining and Quarrying: In the provisional estimate, the projected growth rate of mining and

quarrying sector was 12.06% in FY2015-16. The final estimate showed a growth rate of

12.84%.

Manufacturing: The overall growth rate of manufacturing sector has been finally estimated

at 11.69% for FY2015-16 which is higher than the provisional estimate of 10.30%. In the

final estimate, large and medium scale manufacturing industries grew by 12.26% as against

10.70% for FY2015-16.

Electricity, Gas and Water: The overall growth rate of this sector has been finally estimated

at 13.33% for FY2015-16 which is higher than the provisional estimate of 11.15%. The

electricity, gas and water sub-sector grew by 14.20%, 9.91% and 7.40% respectively for

FY2015-16.

Construction: In the provisional estimates for FY2015-16, the growth rate was calculated at

8.87%. The final estimate shows a decrease in the growth rate and stands at 8.56% in

FY2015-16.

Services sector

Wholesale and Retail Trade; Repair of Motor Vehicles, Motorcycles and Personal and

Household Goods: The growth rate in this sector is finally estimated at 6.50% as against

6.61% in the provisional estimate for FY2015-16.

Transport, Storage and Communication: In the final estimate, the growth rate in

Transport, storage and communication sector is 6.08% against 6.51% in the provisional

estimate.

Financial Intermediation: The growth rate of financial intermediation is finally estimated at

7.74% against 6.64% in the provisional estimate.

Public Administration: The growth rate of Public Administration and Defense sector is

finally estimated at 11.43 percent as against 15.68 percent in the provisional estimate for

FY2015-16.

* Table 10 and table 11 show the volume and growth rate of GDP in the provisional and the

final estimates for FY2015-16.

Estimate at current prices

Gross Domestic Product

Gross domestic product at current prices for FY2015-16 has now been estimated at Tk.

17,328,637 million, against Tk. 15,158,022 million in FY2014-15, showing a growth rate of

14.32% over the previous year.

19

The growth rate of GDP for FY2015-16 over FY2014-15 is finally estimated at 14.32%

which was provisional estimated at 14.10%.

Table 10. Provisional and Final Estimates of GDP at Current Prices, 2015-16

(Million Tk.)

Gross Value added Growth Rate

Industry Sector Provisional

Estimate

Final

Estimate

Provisional

Estimate

Final

Estimate

I. Agriculture 2,424,182 1,857,524 8.18 8.62

1. Agriculture and Forestry 1,892,720 1,487,578 7.24 7.83

i) Crops and Horticulture 1,335,345 1,067,941 5.88 6.50

ii) Animal Farming 329,101 253,588 10.12 10.98

iii) Forest and Related Services 228,275 166,050 11.39 11.38

2. Fishing 531,462 369,946 11.70 11.55

II. Industry 4,693,740 3,154,016 15.41 16.51

3. Mining and Quarrying 288,797 194,611 20.96 19.69

4. Manufacturing 2,922,821 1,971,272 14.85 15.96

i) Large and Medium Scale 2,383,955 1,584,482 15.73 16.59

ii) Small Scale 538,867 386,790 11.13 13.31

5. Electricity, Gas, Water supply 224,585 163,812 13.04 19.94

6. Construction 1,257,537 824,321 15.92 16.47

III. Services 9,316,204 6,401,073 14.42 14.23

7. Wholesale and Retail Trade; Repair of

Motor Vehicles, Motorcycles and

Personal and Household Goods 2,144,067 1,545,794 11.33 11.25

8. Hotels and Restaurants 170,611 112,634 14.29 14.27

9. Transport, Storage and Communication 1,693,965 1,242,805 12.91 12.76

10. Financial Intermediations 628,804 422,365 12.77 14.06

11. Real Estate, Renting and Business Activities 1,233,924 788,200 16.34 16.67

12. Public Administration and Defense 701,031 376,782 38.34 31.65

13. Education 451,324 284,293 19.96 23.62

14. Health and Social Work 347,132 238,683 15.19 15.34

15. Community, Social and Personal

Services 1,945,345 1,389,516 10.28 10.12

GVA at Current Basic Prices 16,434,126 11,412,612 13.73 14.00

Tax less subsidy 861,540 576,620 21.66 20.81

GDP at Current Market Prices 17,295,665 11,989,232 14.10 14.32

GNI at Current Market Prices 18,314,994 12,953,523 13.46 13.53

20

Table 11. Provisional and Final Estimates of GDP at Constant Prices, 2015-16

(Base: 2005-06)

(Million Tk.)

Industry Sector

Gross Value added Growth Rate

Provisional

Estimate

Final

Estimate Provisional Final

I. Agriculture 1,299,436 1,301,786 2.60 2.79

1. Agriculture and Forestry 989,677 992,281 1.53 1.79

i) Crops and Horticulture 705,512 708,139 0.50 0.88

ii) Animal Farming 141,048 141,027 3.21 3.19

iii) Forest and Related Services 143,117 143,115 5.13 5.12

2. Fishing 309,759 309,504 6.19 6.11

II. Industry 2,651,202 2,675,137 10.10 11.09

3. Mining and Quarrying 148,929 149,966 12.06 12.84

4. Manufacturing 1,760,008 1,782,228 10.30 11.69

i) Large and Medium Scale 1,456,683 1,473,134 11.01 12.26

ii) Small Scale 303,325 309,094 7.02 9.06

5. Electricity, Gas, Water supply 124,974 127,422 11.15 13.33

6. Construction 617,291 615,521 8.87 8.56

III. Services 4,525,048 4,505,812 6.70 6.25

7. Wholesale and Retail Trade; Repair of

Motor Vehicles, Motorcycles and

Personal and Household Goods 1,187,870 1,186,654 6.61 6.50

8. Hotels and Restaurants 63,670 63,657 7.00 6.98

9. Transport, Storage and Communication 963,608 959,718 6.51 6.08

10. Financial Intermediations 284,922 287,873 6.64 7.74

11. Real Estate, Renting and Business activities 563,203 562,968 4.51 4.47

12. Public Administration and Defense 319,707 307,962 15.68 11.43

13. Education 206,222 202,480 13.78 11.71

14. Health and Social Work 157,446 156,124 8.45 7.54


Personal Services 778,400 778,376 3.30 3.30

GVA at Basic Prices 8,475,686 8,482,734 7.08 7.17

Tax less subsidy 354,857 352,655 6.49 5.83

GDP at Constant Market Prices 8,830,544 8,835,389 7.05 7.11

21

2 Provisional and Final Estimates of GDP by Expenditure Category

Provisional and Final Estimates by Expenditure Category

Taking the perspective of the final uses of a country’s output, GDP can be derived as the total

of final consumption expenditure, gross capital formation and net exports. Final consumption

expenditure is incurred by three institutional sectors i.e. General Government, Households

and Nonprofit Institutions Serving Households (NPISH).

Final Consumption Expenditure (FCE)

At current prices the final consumption expenditure is likely to grow by 11.26% in FY2016-

17 compared to the previous year. In FY2016-17, the final consumption is Tk. 14,463,851

million as against Tk. 13,000,335 million in FY2015-16. In FY2016-17, its share in GDE

(Gross Domestic Expenditure) and GDP (Gross Domestic Product) are 74.72% and 73.94%

respectively. In FY2015-16, the share of final consumption expenditure was 75.01% of GDE

and 75.02% of GDP.

Private Final Consumption Expenditure (PFCE): Private final consumption expenditure is

expected to be Tk. 13,213,109 million in FY2016-17 and Tk. 11,979,247 million which is

9.10% higher than that in FY2015-16. Table 12 shows the rate of change of consumption

expenditure at current prices.

Table 12. Growth Rate of Final Consumption Expenditure

Year

Growth Rate (%) Consumption-GDP Ratio (%)

Total Private General Government


2009-10 12.44 12.42 12.71 79.19 74.11 5.08

2010-11 15.10 15.09 15.33 79.38 74.28 5.10

2011-12 14.35 14.38 13.91 78.78 73.74 5.04

2012-13 12.45 12.25 15.35 77.96 72.85 5.12

2013-14 12.00 11.65 16.92 77.91 72.57 5.34

2014-15 12.71 12.60 14.22 77.84 72.44 5.40

2015-16 10.18 9.10 24.65 75.02 69.13 5.89

2016-17(p) 11.26 10.30 22.49 73.94 67.55 6.39

“p” denotes provisional estimates

22

General Government Consumption Expenditure: Based on budgets (allocations/

estimates), general government consumption expenditure is projected to grow by 22.49% in

FY2017.

The final government consumption expenditure is expected to be Tk. 1,250,742

million in FY2016-17 which is 6.39% of the GDP (Table-14). In FY2015-16, the

final consumption expenditure was Tk. 1,021,088 billion, which was 5.89% of the

GDP.

In FY2016-17, the growth rate of general government final consumption

expenditure in real terms is likely to be 8.37% while this growth rate is estimated at

22.49% at current prices.

Table 13.General Government Expenditure by Heads

General Government Expenditure (Million Tk.) General Government Expenditure (%)

Year Central Government Local

Govt.*

Total Central Government Local

Govt.*

Total

Total Revenue Develop

ment

Total Revenue Develop

ment

2004-05 (RE) 530880 343170 187710 25020 555900 95.50 61.73 33.77 4.50 100.00

2005-06 (RE) 571040 376310 194730 32026 603066 94.69 62.40 32.29 5.31 100.00

2006-07(RE) 626560 447400 179160 40032 666592 93.99 67.12 26.88 6.01 100.00

2007-08(RE) 731850 547300 184550 46037 777887 94.08 70.36 23.72 5.92 100.00

2008-09(RE) 851960 655280 196680 54044 906004 94.03 72.33 21.71 5.97 100.00

2009-10(RE) 984880 725710 259170 61049 1045929 94.16 69.38 24.78 5.84 100.00

2010-11(RE) 1149380 819310 330070 90073 1239453 92.73 66.10 26.63 7.27 100.00

2011-12(RE) 1353300 973100 380200 109088 1462388 92.54 66.54 26.00 7.46 100.00

2012-13(RE) 1587470 1087120 500350 140113 1727583 91.89 62.93 28.96 8.11 100.00

2013-14(RE) 1802500 1233370 569130 170138 1972638 91.38 62.52 28.85 8.62 100.00

2014-15(RE) 2075320 1363880 711440 188152 2263472 91.69 60.26 31.43 8.31 100.00

2015-16(RE) 2481543 1610870 870673 215904 2697447 92.00 59.72 32.28 8.00 100.00

2016-17(BE) 2902320 1991520 910800 254227 3156547 91.95 63.09 28.85 8.05 100.00

* Revised series, RE denotes revised estimates and BE denotes budget estimates

23

Figure 6 shows the final consumption expenditure and its share by private and general

government.

Table 14. Expenditure and Final Consumption of General Government (Million Tk.)

Year Total Expenditure Total Consumption % of Consumption

2008-09(RE) 906,004 359,146 39.64

2009-10 (RE) 1,045,929 404,777 38.70

2010-11 (RE) 1,239,453 466,839 37.66

2011-2012(RE) 1,462,388 531,753 36.36

2012-2013(RE) 1,727,583 613,385 35.51

2013-2014(RE) 1,972,638 717,189 36.36

2014-2015(RE) 2,263,472 819,176 36.19

2015-2016(RE) 2,697,447 1,021,088 37.85

2016-2017(BE) 3,156,547 1,250,742 39.62

RE denotes revised estimates and BE denotes budget estimates

0

10

20

30

40

50

60

70

80

90

Figure 8: Consumption as % of GDP


24

Gross Capital Formation (GCF)

The gross capital formation is made up of gross fixed capital formation (GFCF) and change

in inventories (increase/decrease). Gross capital formation or investment is expected to be Tk.

5,920,742 million in FY2016-17 compared to Tk. 5,138,386 million in FY2015-16. Growth

rate of gross capital formation is likely to be 15.23% at current prices compared to 17.35% in

FY2015-16. The percentage share of GFCF to GDP is likely to be 30.27% during FY2016-17

compared to 29.65 in FY2015-16.

Private Gross Capital Formation: The private gross capital formation is estimated Tk.

3,983,470 million (77.52% of total GCF) in FY2015-16. In FY2016-17, private gross capital

formation is estimated at Tk. 4,500,725 million. The growth rate of GCF for FY2016-17 over

FY2015-16 is expected to be 12.99% in nominal terms.

Private GCF or investment grew by 19.10% in FY2015-16 over FY2014-15 and is

expected to grow by 12.99% in FY2016-17.

Private investment-GDP ratio is likely to be 23.01% in FY2017 compared to

22.99% in FY2015-16.

Public investment-GDP ratio is likely to be 7.26% in FY2016-17 compared to

6.66% in FY2015-16.

25

Table 15. Expenditure Based Gross Domestic Product at Current Prices, 2013-14 to 2016-17 (p) (Million Tk.)

Item 2013-14 2014-15 2015-16 2016-17(p)

1. Domestic Demand [(1.1)+(1.2)] 14,308,511 16,177,888 18138721 20384593

1.1 Consumption [(1.1.1)+(1.1.2)] 10,468,575 11,799,237 13,000,335 14,463,851

1.1.1 Private 9,751,386 10,980,061 11,979,247 13,213,109

1.1.2 General Government

717,189 819,176 1,021,088

1,250,742

1.2 Investment [(1.2.1)+(1.2.2)] 3,839,936 4,378,651 5,138,386 5,920,742

1.2.1 Private 2,960,024 3,344,722 3983470 4500725

1.2.2 Public 879,912 1,033,929 1154916 1420017

2. Resource Balance [(2.1)-(2.2)] -878,059 -1,123,611 -806,625 -1,026,021

2.1 Exports 2,551,592 2,627,897 2885169 3026831

2.2 Imports 3,429,651 3,751,508 3691794 4052851

3. Gross Domestic Expenditure at m.p. 13,430,452 15,054,277 17,332,096 19,358,572

4. Gross Domestic Product at m.p. 13,436,744 15,158,022 17,328,637 19,560,557

5. Statistical Discrepancy [(4)-(3)] 6,292 103,745 -3,459 201,985

6. Net Factor Income from Abroad 895,494 984,021 998112 819849

7. Gross National Income at m.p. [(4)+(6)] 14,332,238 16,142,043 18,326,749 20,380,406

8. Net Current Transfers from Abroad 63,342 56,001 5828 9438

9. Gross Disposable National Income

[(7)+(8)] 14,395,580 16,198,044 18,332,577 20,389,845

10. Gross Domestic Savings [(4)-(1.1)] 2,968,169 3,358,785 4,328,302 5,096,706

11. Gross National Savings [(9)-(1.1)] 3,927,005 4,398,807 5,332,242 5,925,994

12. Current Account Balance [(2)+(6)+(8)] 80,777 -83,589 197,315 -196,733

As percent of GDP

Consumption 77.96 77.91 75.02 73.94

Private 72.85 72.57 69.13 67.55

General Government 5.12 5.34 5.89 6.39

Investment 28.39 28.58 29.65 30.27

Private 21.75 22.03 22.99 23.01

Public 6.64 6.55 6.66 7.26

Exports of Goods and Services 19.54 18.99 16.65 15.47

Imports of Goods and Services 26.76 25.52 21.30 20.72

Gross Domestic Savings 22.04 22.09 24.98 26.06

Gross National Savings 30.53 29.23 30.77 30.30

Note: “p” denotes provisional estimates. “-”denotes negative

26

Table 16. Expenditure Based Gross Domestic Product at Constant Prices, 2013-14 to 2016-17 (p) (Base: 2005-06)

(Million Tk.)

Item 2013-14 2014-15 2015-16 2016-17(p)

1. Domestic Demand [(1.1)+(1.2)] 7,933,480 8,438,208 8,868,203 9,404,023

1.1 Consumption [(1.1.1)+(1.1.2)] 5,507,931 5,839,989 6,038,499 6,324,970

1.1.1 Private 5,110,768 5,408,068 5,570,432 5,832,166

1.1.2 General Government 397,163 431,921 468,066 492,804

1.2 Investment [(1.2.1)+(1.2.2)] 2,425,549 2,598,219 2,829,704 3,079,053

1.2.1 Private 1,873,379 1,986,084 2,189,871 2,308,348

1.2.2 Public 552,170 612,135 639,833 770,705

2. Resource Balance [(2.1)-(2.2)] -228,952 -325,733 -168,804 -243,575

2.1 Exports 1,482,726 1,440,765 1,472,415 1,463,904

2.2 Imports 1,711,678 1,766,498 1,641,220 1,707,478

3. Gross Domestic Expenditure at m.p. 7704528 8112475 8699398 9160448

4. Gross Domestic Product at m.p. 7741361 8248624 8835389 9475416

5. Statistical Discrepancy [(4)-(3)] 36,833 136,149 135,991 314,968

6. Net Factor Income from Abroad 515,924 535,480 508,909 397,147

7. Gross National Income at m.p. [(4)+(6)] 8,257,285 8,784,104 9,344,298 9,872,563

8. Net Current Transfers from Abroad 36,493 30,474 2,972 4,572

9. Gross Disposable National Income [(7)+(8)] 8,293,779 8,814,578 9,347,270 9,877,135

GDP Deflator 173.57 183.76 196.13 206.43

(Implicit deflators : base=2005-06)

Final Consumption Expenditure

Consumer Prices Index 190.80 203.03 215.05 226.56

Special Government Employees Index 180.58 189.66 218.15 253.80

Gross Capital Formation

Other Construction (Kutcha) 165.86 176.47 189.41 193.46

Wage Rate Index (Agriculture) 205.54 218.55 234.48 249.58

Construction Materiel Price Index

(Building Materiel Price Index) 179.13 190.97 205.01 218.27

Planted Machinery 119.76 120.61 129.72 132.76

Transport Equipment 149.53 150.59 162.41 165.35

Other Capital Goods 143.96

Unit Price Index

Export 172.09 182.40 195.95 206.76

Import 200.37 212.37 224.94 237.36

Annual percentage change

Final Consumption Expenditure :

Household Final Consumption Expenditure 5.13 4.01 3.00 4.70

General Govt. Final Consumption Expenditure 5.79 7.89 8.37 5.29

Gross capital formation 5.36 9.86 8.91 8.81


27

Public Gross Capital Formation

Growth rate of public sector investment or GCF for FY2016-17 is projected at 22.95% over

FY2015-16 at current prices.

Table 17. Gross Fixed Capital Formation in Public Sector by Sources of Funding at

Current Prices

(Million Tk.)

Year

Central Government Local

Government

Autonomous and

SOEs Total Development

Budget (ADP)

Revenue

Budget

2005-06 103,314 28,918 18,005 118,080 268,317

2006-07 98,537 24,676 21,577 135,291 280,081

2007-08 94,953 28,314 24,706 134,841 282,814

2008-09 103,231 32,533 27,586 141,022 304,372

2009-10 134,201 39,350 32,392 166,817 372,760

2010-11 183,133 50,337 44,971 203,063 481,504

2011-12 251,386 38,939 74,067 243,628 608,020

2012-13 368,758 85,733 59,348 282,372 796,211

2013-14 461,291 108,768 70,968 238,885 879,912

2014-15 546,163 132,646 82,323 272,797 1,033,929

2015-16 627,195 139,006 94,070 294,645 1,154,916

2016-17(p) 824,136 147,388 118,999 329,494 1,420,017 Note: “p” denotes provisional estimates

Public sector investment or GCF is likely to be Tk. 1,420,017 million in FY2016-17

compared to Tk. 1,154,916 million in FY2015-16.

Table 18. Gross Domestic Fixed Capital Formation by Public and Private sectors

at Current Prices (Million Tk.)

Year Gross Fixed Capital Formation

Public % of GDP Private % of GDP Total % of GDP

2008-09 304,372 4.32 1,543,343 21.89 1,847,715 26.21

2009-10 372,760 4.67 1,720,512 21.57 2,093,272 26.25

2010-11 481,504 5.26 2,029,788 22.16 2,511,292 27.42

2011-12 608,020 5.76 2,374,233 22.50 2,982,253 28.26

2012-13 796,211 6.64 2,607,486 21.75 3,403,697 28.39

2013-14 879,912 6.55 2,960,024 22.03 3,839,936 28.58

2014-15 1,033,929 6.82 3,344,722 22.07 4,378,651 28.89

2015-16 1,154,916 6.66 3,983,470 22.99 5,138,386 29.65

2016-17(p) 1,420,017 7.26 4,500,725 23.01 5,920,742 30.27


28

Table 19. Shares of Public and Private Investment

Year

As % of total investment

2005-06 prices Current prices

Private Public Private Public

2008-09 83.59 16.41 83.53 16.47

2009-10 82.36 17.64 82.19 17.81

2010-11 81.15 18.85 80.83 19.17

2011-12 80.37 19.63 79.61 20.39

2012-13 77.60 22.40 76.61 23.39

2013-14 77.24 22.76 77.09 22.91

2014-15 76.44 23.56 76.39 23.61

2015-16 77.52 22.48 77.39 22.61

2016-17(p) 76.02 23.98 74.97 25.03


Net Exports of Goods and Services

Net exports of goods and services are the difference between exports and imports of goods

and services. In FY2015-16 the total exports and imports were recorded at Tk. 2,885,169

million and Tk 3,691,794 million. As a result, the country posted a trade deficit of

Tk.806,625 million. In terms of GNI at current prices, the trade deficit was 4.40%.

The volume of export for FY2016-17 has been projected on the basis of six months’ (July-

December, 2016) actual data on export available from the balance of payments statement

(BOP) prepared by Bangladesh Bank.

The value of imports of goods and services for FY2016-17 is estimated at

Tk.4,052,851 million compared to Tk. 3,691,794 million in FY2015-16.

Growth rate of imports of goods and services is likely to be around 9.78% in Y2016-

17 over FY2015-16.

The value of exports of goods and services for FY2016-17 is estimated at Tk.

3,026,831 million compared to Tk. 2,885,169 million in FY2015-16.

Growth rate of exports of goods and services is likely to be around (-) 1.59% in

FY2016-17 over FY2015-16.

29

Table 20. Investment-GDP Ratio

Year

Investment as % of GDP

2005-06 prices Current prices

Total Private Public Total Private Public

2008-09 27.71 23.16 4.55 26.21 21.89 4.32

2009-10 28.49 23.47 5.03 26.25 21.57 4.67

2010-11 29.32 23.80 5.53 27.42 22.16 5.26

2011-12 30.44 24.46 5.98 28.26 22.50 5.76

2012-13 30.25 23.47 6.78 28.39 21.75 6.64

2013-14 31.33 24.20 7.13 28.58 22.03 6.55

2014-15 31.50 24.08 7.42 28.89 22.07 6.82

2015-16 32.03 24.79 7.24 29.65 22.99 6.66

2016-17(p) 32.50 24.36 8.14 30.27 23.01 7.26


Net factor income

Based on provisional estimate, net factor income posted a negative growth of 17.86% in

FY2016-17 over previous year.

Net current transfer

Based on provisional estimate, net current transfer posted a positive growth of 11.21% in

FY2016-17.

Investment and Savings

During FY2015-16, the investment-GDP ratio was 29.65%, of which investment-GDP ratio

for public sector was 6.66% and private sector was 22.99%. In FY2016-17, the investment-

GDP ratio is estimated at 30.27% while public and private sector investment-GDP ratios are

likely to be 7.26 and 23.01% respectively. Table 21 shows the savings and investment

balance during FY2010-11 to FY2016-17.

30

Table 21. Savings and Investment as percent of GDP

Category 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17(p)

Investment 27.42 28.26 28.39 28.58 28.89 29.65 30.27

Private 22.16 22.50 21.75 22.03 22.07 22.99 23.01

Public 5.26 5.76 6.64 6.55 6.82 6.66 7.26

Domestic Savings 20.62 21.22 22.04 22.09 22.16 24.98 26.06

Private 19.30 19.87 20.59 1.51 1.54 23.02 23.80

Public 1.32 1.36 1.45 20.58 20.62 1.96 2.26

National Savings 28.88 29.86 30.53 29.23 29.02 30.77 30.30


In FY2015-16, about 72.21% of the total investment is recorded for construction, 19.08% in

plant and machinery, 8.71% in transport equipment.

In FY2016-17, about 71.91% of the total investment is recorded for construction, 19.76% in

plant and machinery, 8.33% in transport equipment.

31

Table 22. Composition of Gross Fixed Capital Formation (Million Tk.)

Year Construction Plant and

Machinery

Transport

Equipment

Others Gross Fixed

Capital

Formation

2008-09 1,273,669 340,782 213,367 19,898 1,847,715

2009-10 1,429,513 398,276 242,109 23,374 2,093,272

2010-11 1,641,692 520,015 322,128 27,457 2,511,292

2011-12 1,956,904 658,786 334,310 32,254 2,982,253

2012-13 2,354,061 657,298 354,451 37,888 3,403,697

2013-14 2,62,0743 847,432 371,761 - 3,839,936

2014-15 3,145,411 861,724 371,516 - 4,378,651

2015-16 3,710,715 980,343 447,328 - 5,138,386

2016-17(p) 4,257,894 1,169,991 492,857 - 5,920,742


Figure 10: Composition of GFCF for FY2016 and FY2017

32

Saving: Saving represents the excess of current income over current expenditure. Domestic

saving is a residual estimate i.e., it is the difference between GDP and final consumption.

Thus,

GDP = C + I + (X - M)

or, GDP - C = I + (X - M)

or, S(Saving, Domestic ) = I + (X - M)

Again, GDP = C + I + (X - M)

or, GDP + NFI (Net Factor Income) = C + I + (X - M) + NFI

or, GNI (Gross National Income) = C + I + (X - M) + NFI

or, GNI + NCT (Net Current Transfer) = C + I + (X - M) + NFI + NCT

or, GNDI (Gross National Disposable

Income)

= C + I + (X - M) + NFI + NCT

or, GNDI - C = I + (X - M) + NFI + NCT

i.e. S (National Saving, Gross ) = I + CAB, where

CAB = (X - M) + NFI + NCT

Where GNDI = Gross National Disposable

Income

CAB = Current Account Balance

obtained from the Balance of

Payments (BOP)

When net factor income and net current transfers from abroad are taken into account

with gross domestic saving, the national saving could be arrived.

It is obvious from the equation S (national saving) = I + CAB that, if CAB = 0, then

S=I. Obviously, it is a case only for a closed economy. On the other hand, if CAB is negative

(-), the Investment is greater than saving and conversely if CAB is positive (+) the saving is

greater than investment.

33

Table 23. National Accounts Statistics and BOP Identities

(Million Tk.)

Data category 2012-13 2013-14 2014-15 2015-16 2016-17(p)

Balance of Payments

1. Exports of Goods and non-factor services (E) 2,342,441 2,551,592 2,627,897 2885169 3026831

2. Imports of Goods and non-factor services (M) 3,208,142 3,429,651 3,751,508 3691794 4052851

3. Current Account Balance (CAB) 152,339 80,777 -83,589 -806,625 -1,026,021

4. Net Factor Income from Abroad (NFI) 964291 895494 984021 998112 819849

5. Net Current Transfers (NCT) 53749 63342 56001 5828 9438

National Accounts Statistics (NAS)

6. Gross Domestic Products (GDP) 11,989,232 13,436,744 15,158,022 17,328,637 19,560,557

7. Gross Domestic Expenditure (GDE) 11,885,270 13,430,452 15,054,277 17,332,096 19,358,572

8. Gross National Income (GNI) 13,007,272 14,395,580 16,198,044 18,326,749 20,380,406

9. Gross Disposable Income (GDI) 13,007,272 14,395,580 16,198,044 18,332,577 20,389,845

10. Investment (I) 3,403,697 3,839,936 4,378,651 5,138,386 5,920,742

Gross Domestic Savings (GDS) 2,641,959 2,968,169 3,358,785 4,328,302 5,096,706

GDP - C 2,641,959 2,968,169 3,358,785 4,328,302 5,096,706

I + (X - M) 2,537,996 2,961,877 3,255,040 4,331,761 4,894,721

S - NFI - NCT 2,641,959 2,968,169 3,358,785 4,328,302 5,096,706

National Savings (S) 3,659,999 3,927,005 4,398,807 5,332,242 5,925,994

CAB + I 3,556,036 3,920,713 4,295,062 5,335,701 5,724,009

GDI - C 3,659,999 3,927,005 4,398,807 5,332,242 5,925,994

Foreign Savings (FS) 152,339 80,777 -83,589 197,315 -196,733

Investment (I) 3,403,697 3,839,936 4,378,651 5,138,386 5,920,742

(S - NFI - NCT) - (X - M) 3,507,660 3,846,228 4,482,396 6,122,727 4379903


34

Final Estimates of Expenditure based GDP, FY2016

Of the main components of GDP by expenditure category, private consumption expenditure

grew by 9.10% at current prices while it grew by 3.00% at constant prices in FY2015-16 over

FY2014-15. Based on data, private consumption expenditure has finally been estimated at

Tk. 11,979,247 million as against Tk. 10,980,061 million in the provisional estimates in

FY2016, which is 1.36% lower than the provisional estimate. This difference between

provisional and final estimates of GDE at current and constant prices in FY2015-16 may be

seen in Table 24 and Table 25.

The final estimate of gross fixed capital formation or investment is higher than the

provisional estimate in FY2015-16. Investment growth rate was 16.05% at current prices for

the provisional estimate while the growth rate in the final estimate 17.35% during FY2015-

16. Growth rate of private investment in final estimate goes up to 19.10% as against 12.64%

in provisional estimate. Also public sector investment in final estimate goes down to 11.70%

as against 27.07% in the provisional estimate for FY2015-16.

35

Table 24. Provisional and Final Estimates of Expenditure based GDP at Current

Prices, 2015-16

(Million Tk.)

Expenditure Components of GDE Provisional

Estimates

Final

Estimates

% Change

Final Over

Provisional

Estimates

Growth Rate

Provisional Final

Consumption 13,163,404 13,000,335 -1.24 11.56 10.18

Private 12,143,948 11,979,247 -1.36 10.60 9.10

Public 1,019,456 1,021,088 0.16 24.45 24.65

Investment 5,081,382 5,138,386 1.12 16.05 17.35

Private 3,767,549 3983470 5.73 12.64 19.10

Public 1,313,833 1154916 -12.10 27.07 11.70

Exports 2,814,678 2885169 2.50 7.11 9.79

Imports 3,672,077 3691794 0.54 -2.12 -1.59

Gross Domestic Expenditure at m.p. 17,387,387 17,332,096 -0.32 15.50 15.13

Net Factor Income from Abroad 1,019,330 998112 -2.08 3.59 1.43

Gross National Income at m.p. 18,314,994 18,326,749 0.06 13.46 13.53

Net Current Transfers from Abroad 90,671 5828 -93.57 61.91 -89.59

Gross Disposable National Income 18,405,665 18,332,577 -0.40 13.63 13.18

Note: “-” denote negative

Table 25. Provisional and Final Estimates of Expenditure based GDP

at Constant Prices, 2015-16 (Million Tk.)

Expenditure Components of GDP Provisional

Estimates

Final

Estimates

% Change

Final Over

Provisional

Estimates

Growth Rate

Provisional Final

Consumption 6,170,876 6,038,499 -2.15 5.67 3.40

Private 5,692,703 5,570,432 -2.15 5.26 3.00

Public 478,173 468,066 -2.11 10.71 8.37

Investment 2,829,687 2,829,704 0.00 8.91 8.91

Private 2,095,903 2,189,871 4.48 5.53 10.26

Public 733,785 639,833 -12.80 19.87 4.52

Exports 1,436,174 1,472,415 2.52 -0.32 2.20

Imports 1,609,210 1,641,220 1.99 -8.90 -7.09

Gross Domestic Expenditure at m.p 8827528 8699398 -1.45 8.81 7.23

Net Factor Income from Abroad 520,433 508,909 -2.21 -2.81 -4.96

Gross National Income at m.p. 9,350,977 9,344,298 -0.07 6.45 6.38

Net Current Transfers from Abroad 46,293 2,972 -93.58 51.91 -90.25

Gross Disposable National Income 9,397,271 9,347,270 -0.53 6.61 6.04

Note: “-” denote negative

36

37

3 Inflation and Growth Rate

Inflation

As per Consumer Price Index (CPI) (base: 2005-06), the rate of inflation during FY2015-16

was 5.52% compared to 6.41% in FY2014-15. Prices of food items increased by 4.90% while

prices of non-food items increased by 7.43% during FY2015-16. During FY2016-17, nine

month average inflation rate is 5.34%.

Besides the CPI, price changes can also be measured by percentage change of GDP deflator.

It can be used as an alternative measuring tool of inflation as CPI takes into account only the

selected consumer items. On the other hand, National Accounts Statistics (NAS) take into

account the prices of all outputs (goods and services) produced from each and every

economic activity for an accounting year within a geographical territory.

For the sake of comparison of inflation rates based on CPI and GDP deflator the

required data from FY2006-07 to FY2016-17p have been presented in Figure 11.

38

Table 26. Inflation Rate - National (Base: 2005-06 = 100)

CPI

category 2013-14 2014-15 2015-16

2016-17

Aug’16 Sep’16 Oct’16 Nov’16 Dec’16 Jan'17 Feb’17 Mar’17

General 7.35 6.41 5.92 5.37 5.53 5.57 5.38 5.03 5.15 5.31 5.39

Food 8.56 6.68 4.49 4.30 5.10 5.56 5.41 5.38 6.53 6.84 6.89

Non-food 5.55 5.99 7.43 7.00 6.19 5.58 5.33 4.49 3.10 3.07 3.18

Table 27. Consumer Price Index (CPI) and Inflation Rate

(Point to Point) (Base: 2005-06 = 100)

CPI Classification 2013-04 2014-15 2015-16 2016-17

Dec’16 Jan’17 Feb’17 Mar’17

National

General index 195.08 207.58 219.86 231.53 234.34 234.40 235.29

Inflation 7.35 6.41 5.92 5.03 5.15 5.31 5.39

Food index 209.79 223.8 234.77 249.29 251.86 251.93 253.32

Inflation 8.56 6.68 4.90 5.38 6.53 6.84 6.89

Non-food 176.23 186.79 200.66 208.76 211.88 211.92 212.18

Inflation 5.55 5.99 7.43 4.49 3.10 3.07 3.18

Rural

General index 196.90 209.1 220.1 230.73 233.71 233.75 234.56

Inflation 7.07 6.2 5.26 4.46 4.92 5.14 5.19

Food index 207.72 221.02 230.31 243.12 246.41 246.46 247.72

Inflation 8.11 6.4 4.20 4.78 6.28 6.66 6.72

Non-food 179.69 190.13 203.86 211.02 213.51 213.54 213.62

Inflation 5.21 5.81 7.22 3.88 2.52 2.46 2.49

Urban

General index 191.73 204.76 219.31 233.01 235.51 235.59 236.64

Inflation 7.89 6.8 7.11 6.07 5.57 5.62 5.76

Food index 214.85 230.56 245.66 264.36 265.16 265.28 266.97

Inflation 9.67 7.31 6.55 6.74 7.11 7.22 7.28

Non-food 171.61 182.32 196.39 205.75 209.71 209.77 210.26

Inflation 6.01 6.24 7.72 5.35 3.91 3.91 4.14

Table 28 shows the GDP growth rates both in real and nominal terms and inflation rate based

on CPI during FY2006-07 to FY2016-17.

39

Table 28. GDP growth and Inflation Rate

Period GDP growth rate Inflation rate

(Base: 2005-06) Nominal growth rate Real growth rate

2006-07 13.99 7.06 9.39

2007-08 14.35 6.01 12.30

2008-09 12.15 5.05 7.60

2009-10 13.11 5.57 6.82

2010-11 14.83 6.46 10.91

2011-12 15.22 6.52 8.69

2012-13 13.62 6.01 6.78

2013-14 12.68 6.06 7.35

2014-15 12.81 6.55 6.41

2015-16 14.32 7.11 5.92

2016-17(p) 12.88 7.24 5.34/a

Note: /a Eight month (July-February, 2016-17) average.

It is observed that the average real and nominal GDP growth rates during the last five years

were 6.59% and 13.14% respectively. The average inflation rate during this period was

recorded as 6.36%.

40

Annex-I

GDP Annex Tables

42

43

Table 1. Gross Domestic Product of Bangladesh at Current Prices, 2013-14 to 2016-17(p) (Million Tk.)

Industrial origin sector 2013-14 2014-15 2015-16 2016-17(p)

1. AGRICULTURE AND FORESTRY 1,639,682 1,764,997 1,903,146 2,048,303

a) Crops & horticulture 1,179,029 1,261,209 1,343,222 1,437,046

b) Animal Farming’s 276,668 298,845 331,653 355,757

c) Forest and related services 183,985 204,942 228,271 255,499

2. FISHING 423,076 475,813 530,756 596,457

3. MINING AND QUARRYING 210,799 238,757 285,777 344,207

a) Natural gas and crude petroleum 81,557 91,877 107,059 125,635

b) Other mining & quarrying 129,242 146,880 178,718 218,572

4. MANUFACTURING 2,232,207 2,544,831 2,951,110 3,372,613

a) Large & medium scale 1,803,818 2,059,920 2,401,641 2,749,271

b) Small scale 428,389 484,911 549,469 623,342

5. ELECTRICITY, GAS AND WATER

SUPPLY 184,006 198,682 238,291 256,628

a) Electricity 138,335 150,614 184,465 199,508

b) Gas 36,759 37,866 42,793 44,830

c) Water 8,912 10,203 11,033 12,290

6. CONSTRUCTION 908,336 1,084,839 1,263,532 1,465,576

7. WHOLESALE AND RETAIL TRADE;

REPAIR OF MOTOR VEHICLES,

MOTORCYCLES AND PERSONAL

AND HOUSEHOLD GOODS 1,725,752 1,925,854 2,142,574 2,377,558

8. HOTEL AND RESTAURANTS 130,353 149,279 170,583 193,686

9. TRANSPORT, STORAGE &

COMMUNICATION 1,343,166 1,500,253 1,691,650 1,869,771

a) Land Transport 993,106 1,120,956 1,278,949 1,428,437

b) Water transport 80,643 89,674 102,065 109,963

c) Air transport 11,156 12,688 13,516 13,866

d) Support transport services, storage 66,716 74,270 80,306 86,480

e) Post and Tele communications 191,544 202,665 216,814 231,024

10. FINANCIAL INTERMEDIATIONS 485,632 557,610 636,013 723,343

a) Monetary intermediation (Banks) 403,897 466,437 537,896 615,049

b) Insurance 53,636 59,376 63,266 68,213

c) Other financial intermediation 28,100 31,796 34,851 40,081

11. REAL ESTATE, RENTING AND

BUSINESS ACTIVITIES 912,291 1,060,609 1,237,395 1,445,127

12. PUBLIC ADMINISTRATION AND

DEFENCE 447,278 506,741 667,111 807,350

13. EDUCATION 327,673 376,240 465,124 566,412

14. HEALTH AND SOCIAL WORKS 269,238 301,352 347,578 391,513

15. COMMUNITY, SOCIAL AND

PERSONAL SERVICES 1,565,516 1,764,017 1,942,478 2,137,725

GVA at basic price 12,805,005 14,449,873 16,473,116 18,596,269

Tax less subsidy 631,739 708,149 855,521 964,288

GDP at current market price 13,436,744 15,158,022 17,328,637 19,560,557

Growth rate 12.07 12.81 14.32 12.88

Note : p denotes provisional

44

Table 2. Sectoral Share of GDP at Current Prices, 2013-14 to 2016-17(p)


1. AGRICULTURE AND FORESTRY 12.81 12.21 11.55 11.01

a) Crops & horticulture 9.21 8.73 8.15 7.73

b) Animal Farmings 2.16 2.07 2.01 1.91

c) Forest and related services 1.44 1.42 1.39 1.37

2. FISHING 3.30 3.29 3.22 3.21

3. MINING AND QUARRYING 1.65 1.65 1.73 1.85

a) Natural gas and crude petroleum 0.64 0.64 0.65 0.68

b) Other mining & quarrying 1.01 1.02 1.08 1.18

4. MANUFACTURING 17.43 17.61 17.91 18.14

a) Large & medium scale 14.09 14.26 14.58 14.78

b) Small scale 3.35 3.36 3.34 3.35

5. ELECTRICITY, GAS AND WATER SUPPLY 1.44 1.37 1.45 1.38

a) Electricity 1.08 1.04 1.12 1.07

b) Gas 0.29 0.26 0.26 0.24

c) Water 0.07 0.07 0.07 0.07

6. CONSTRUCTION 7.09 7.51 7.67 7.88



MOTORCYCLES AND PERSONAL AND

HOUSEHOLD GOODS 13.48 13.33 13.01 12.79

8. HOTEL AND RESTAURANTS 1.02 1.03 1.04 1.04


COMMUNICATION 10.49 10.38 10.27 10.05

a) Land Transport 7.76 7.76 7.76 7.68

b) Water transport 0.63 0.62 0.62 0.59

c) Air transport 0.09 0.09 0.08 0.07

d) Support transport services, storage 0.52 0.51 0.49 0.47

e) Post and Tele communications 1.50 1.40 1.32 1.24

10. FINANCIAL INTERMEDIATIONS 3.79 3.86 3.86 3.89

a) Monetary intermediation (Banks) 3.15 3.23 3.27 3.31

b) Insurance 0.42 0.41 0.38 0.37

c) Other financial intermediation 0.22 0.22 0.21 0.22

11. REAL ESTATE, RENTING AND BUSINESS

ACTIVITIES 7.12 7.34 7.51 7.77

12. PUBLIC ADMINISTRATION AND DEFENCE 3.49 3.51 4.05 4.34

13. EDUCATION 2.56 2.60 2.82 3.05

14. HEALTH AND SOCIAL WORKS 2.10 2.09 2.11 2.11

15. COMMUNITY, SOCIAL AND PERSONAL

SERVICES 12.23 12.21 11.79 11.50

GVA at current basic price 100.00 100.00 100.00 100.00


45

Table 3. Sectoral Growth Rate of GDP at Current Prices, 2013-14 to 2016-17(p)




b) Animal Farming’s 9.10 8.02 10.98 7.27


2. FISHING 14.36 12.47 11.55 12.38




4. MANUFACTURING 13.24 14.01 15.96 14.28


b) Small scale 10.75 13.19 13.31 13.44

5. ELECTRICITY, GAS AND WATER SUPPLY 12.33 7.98 19.94 7.70

a) Electricity 13.69 8.88 22.48 8.16

b) Gas 6.63 3.01 13.01 4.76

c) Water 16.42 14.48 8.14 11.39

6. CONSTRUCTION 10.19 19.43 16.47 15.99




HOUSEHOLD GOODS 11.64 11.60 11.25 10.97



COMMUNICATION 8.08 11.70 12.76 10.53

a) Land Transport 7.73 12.87 14.09 11.69


c) Air transport 6.54 13.73 6.53 2.59





b) Insurance 9.02 10.70 6.55 7.82



ACTIVITIES 15.74 16.26 16.67 16.79

12. PUBLIC ADMINISTRATION AND DEFENCE 18.71 13.29 31.65 21.02

13. EDUCATION 15.26 14.82 23.62 21.78



SERVICES 12.67 12.68 10.12 10.05

GDP at current market price 12.07 12.81 14.32 12.88


46

Table 4. Gross Domestic Product of Bangladesh at Constant Prices, 2013-14 to 2016-17(p) (Base: 2005-06)


1. AGRICULTURE AND FORESTRY 951,513 974,802 992,281 1,017,155

a) Crops & horticulture 689,378 701,996 708,139 720,323

b) Animal Farming’s 132,581 136,666 141,027 145,703

c) Forest and related services 129,553 136,139 143,115 151,129

2. FISHING 274,189 291,695 309,504 328,874


a) Natural gas and crude petroleum 72,769 79,120 88,429 91,445

b) Other mining & quarrying 48,496 53,781 61,537 70,521

4. MANUFACTURING 1,446,534 1,595,680 1,782,228 1,977,499

a) Large & medium scale 1,185,403 1,312,254 1,473,134 1,639,943

b) Small scale 261,131 283,426 309,094 337,556


SUPPLY 105,853 112,435 127,422 143,636

a) Electricity 88,538 93,934 107,268 122,557

b) Gas 10,779 11,336 12,459 12,799

c) Water 6,536 7,164 7,694 8,280

6. CONSTRUCTION 522,087 566,983 615,521 672,861




HOUSEHOLD GOODS 1,047,757 1,114,256 1,186,654 1,268,271



COMMUNICATION 853,824 904,748 959,718 1,023,829

a) Land Transport 539,808 573,182 609,181 652,387

b) Water transport 60,433 62,622 64,624 67,284

c) Air transport 8,997 9,781 9,926 10,101

d) Support transport services, storage 48,407 51,005 53,653 56,979

e) Post and Tele communications 196,179 208,159 222,333 237,078


a) Monetary intermediation (Banks) 207,117 224,700 244,596 264,729

b) Insurance 27,517 28,604 28,758 29,271

c) Other financial intermediation 13,267 13,888 14,519 15,967


ACTIVITIES 516,147 538,880 562,968 589,873


DEFENCE 251,646 276,365 307,962 338,297

13. EDUCATION 167,809 181,250 202,480 225,784



SERVICES 729,554 753,518 778,376 806,544

GVA at constant basic price 7,429,801 7,915,384 8,482,734 9,100,598

Tax less subsidy 311,560 333,240 352,655 374,818

GDP at constant market price 7,741,361 8,248,624 8,835,389 9,475,416

Growth rate 6.06 6.55 7.11 7.24


47

Table 5. Sectoral Share of GDP at Constant Prices, 2013-14 to 2016-17(p)






2. FISHING 3.69 3.69 3.65 3.61




4. MANUFACTURING 19.47 20.16 21.01 21.73


b) Small scale 3.51 3.58 3.64 3.71


SUPPLY 1.42 1.42 1.50 1.58

a) Electricity 1.19 1.19 1.26 1.35

b) Gas 0.15 0.14 0.15 0.14

c) Water 0.09 0.09 0.09 0.09

6. CONSTRUCTION 7.03 7.16 7.26 7.39




HOUSEHOLD GOODS 14.10 14.08 13.99 13.94



COMMUNICATION 11.49 11.43 11.31 11.25

a) Land Transport 7.27 7.24 7.18 7.17


c) Air transport 0.12 0.12 0.12 0.11





b) Insurance 0.37 0.36 0.34 0.32



ACTIVITIES 6.95 6.81 6.64 6.48


DEFENCE 3.39 3.49 3.63 3.72

13. EDUCATION 2.26 2.29 2.39 2.48



SERVICES 9.82 9.52 9.18 8.86

GVA at constant basic price 100.00 100.00 100.00 100.00


48

Table 6. Sectoral Growth Rate of GDP at Constant Prices, 2013-14 to 2016-17(p)






2. FISHING 6.36 6.38 6.11 6.26




4. MANUFACTURING 8.77 10.31 11.69 10.96


b) Small scale 6.33 8.54 9.06 9.21


SUPPLY 4.54 6.22 13.33 12.72

a) Electricity 4.45 6.09 14.20 14.25

b) Gas 1.69 5.16 9.91 2.73

c) Water 10.93 9.62 7.40 7.61

6. CONSTRUCTION 8.08 8.60 8.56 9.32




HOUSEHOLD GOODS 6.73 6.35 6.50 6.88



COMMUNICATION 6.05 5.96 6.08 6.68

a) Land Transport 5.56 6.18 6.28 7.09


c) Air transport 0.61 8.71 1.48 1.76





b) Insurance 1.55 3.95 0.54 1.78



ACTIVITIES 4.25 4.40 4.47 4.78


DEFENCE 6.89 9.82 11.43 9.85

13. EDUCATION 7.26 8.01 11.71 11.51



SERVICES 3.27 3.28 3.30 3.62

GDP at constant market price 6.06 6.55 7.11 7.24


49

Table 7. Implicit GDP and Sectoral Deflators, 2013-14 to 2016-17(p)






2. FISHING 154.30 163.12 171.49 181.36




4. MANUFACTURING 154.31 159.48 165.59 170.55


b) Small scale 164.05 171.09 177.77 184.66


SUPPLY 173.83 176.71 187.01 178.67

a) Electricity 156.24 160.34 171.97 162.79

b) Gas 341.02 334.03 343.46 350.26

c) Water 136.36 142.41 143.39 148.43

6. CONSTRUCTION 173.98 191.34 205.28 217.81




HOUSEHOLD GOODS 164.71 172.84 180.56 187.46



COMMUNICATION 157.31 165.82 176.27 182.63

a) Land Transport 183.97 195.57 209.95 218.96


c) Air transport 124.00 129.72 136.17 137.28





b) Insurance 194.92 207.58 219.99 233.04



ACTIVITIES 176.75 196.82 219.80 244.99


DEFENCE 177.74 183.36 216.62 238.65

13. EDUCATION 195.27 207.58 229.71 250.87


15.

COMMUNITY, SOCIAL AND PERSONAL

SERVICES 214.59 234.10 249.56 265.05

GDP Deflator 173.57 183.76 196.13 206.43


50

Table 8. Per capita GDP, GNI and NNI at Current Prices, 2013-14 to 2016-17(p)

2013-14 2014-15 2015-16 2016-17(p)

GDP (Mill. Tk.) 13,436,744 15,158,022 17,328,637 19,560,557

GNI (Mill. Tk.) 14,332,238 16,142,043 18,326,749 20,380,406

NNI (Mill. Tk.) 13,167,213 14,827,753 16,825,587 18,684,935

Population (Mill. No.) 155.8 157.9 159.9 161.8

Per capita GDP (In Tk.) 86,266 96,004 108,378 120,931

Per capita GNI (In Tk.) 92,015 102,236 114,621 125,999

Per capita NNI (In Tk.) 84,535 93,912 105,232 115,517

Exchange rate (Taka per US$) 77.72 77.67 78.27 78.63

Per capita GDP (In US $) 1,110 1,236 1,385 1,538

Per capita GNI (In US $) 1,184 1,316 1,465 1,602

Per capita NNI (In US $) 1,088 1,209 1,345 1,469


Table 9. Per Capita Real GDP, GNI and NNI, 2013-14 to 2016-17(p)

2013-14 2014-15 2015-16 2016-17(p)

GDP (Mill. Tk.) 7,741,361 8,248,624 8,835,389 9,475,416

GNI (Mill. Tk.) 8,257,285 8,784,104 9,344,299 9,872,562

NNI (Mill. Tk.) 7,581,308 8,064,160 8,571,284 9,042,837

Population (Mill. No.) 155.8 157.9 159.9 161.8

Per capita GDP (In Tk.) 49,701 52,243 55,259 58,581

Per capita GNI (In Tk.) 53,013 55,634 58,442 61,036

Per capita NNI (In Tk.) 48,673 51,075 53,607 55,906


51

Table 10. Gross Domestic Product of Bangladesh at Current Prices by Major Economic

Activity, 2013-14 to 2016-17(p)


1. AGRICULTURE AND FORESTRY 1,639,682 1,764,997 1,903,146 2,048,303

2. FISHING 423,076 475,813 530,756 596,457


4. MANUFACTURING 2,232,207 2,544,831 2,951,110 3,372,613

5. ELECTRICITY, GAS AND WATER SUPPLY 184,006 198,682 238,291 256,628

6. CONSTRUCTION 908,336 1,084,839 1,263,532 1,465,576

7. WHOLESALE AND RETAIL TRADE; REPAIR

OF MOTOR VEHICLES, MOTORCYCLES

AND PERSONAL AND HOUSEHOLD GOODS 1,725,752 1,925,854 2,142,574 2,377,558



COMMUNICATION 1,343,166 1,500,253 1,691,650 1,869,771



ACTIVITIES 912,291 1,060,609 1,237,395 1,445,127

12. PUBLIC ADMINISTRATION AND DEFENCE 447,278 506,741 667,111 807,350

13. EDUCATION 327,673 376,240 465,124 566,412



SERVICES 1,565,516 1,764,017 1,942,478 2,137,725

GVA at current basic price 12,805,005 14,449,873 16,473,116 18,596,269

Tax less subsidy 631,739 708,149 855,521 964,288

GDP at current market price 13,436,744 15,158,022 17,328,637 19,560,557

Net primary income from abroad 895,494 984,021 998,112 819,849

GNI at current market price 14,332,238 16,142,043 18,326,749 20,380,406

Consumption of fixed capital 1,165,025 1,314,290 1,501,162 1,695,471

NNI at current market price 13,167,213 14,827,753 16,825,587 18,684,935

Population (In Million) 155.8 157.9 159.9 161.8

Per capita GDP at current market price 86,266 96,004 108,378 120,931

Per capita GNI at current market price 92,015 102,236 114,621 125,999

Per capita NNI at current market price 84,535 93,912 105,232 115,517


52

Table 11. Gross Domestic Product of Bangladesh at Current Prices by Broad Industry

Sector, 2013-14 to 2016-17(p)

Broad industry sector 2013-14 2014-15 2015-16 2016-17(p)

GDP

1. AGRICULTURE 2,062,758 2,240,810 2,433,902 2,644,760

2. INDUSTRY 3,535,349 4,067,108 4,738,710 5,439,024

3. SERVICES 7,206,899 8,141,955 9,300,505 10,512,485

GVA Current basic price 12,805,005 14,449,873 16,473,116 18,596,269

1. AGRICULTURE 16.11 15.51 14.77 14.22

2. INDUSTRY 27.61 28.15 28.77 29.25

3. SERVICES 56.28 56.35 56.46 56.53

GVA Current basic price 100.00 100.00 100.00 100.00

1. AGRICULTURE 11.05 8.63 8.62 8.66

2. INDUSTRY 12.09 15.04 16.51 14.78

3. SERVICES 12.59 12.97 14.23 13.03

GVA Current basic price 12.20 12.85 14.00 12.89


Table 12. Sectoral Share of GDP at Current Prices by Major Economic Activity, 2013-14 to

2016-17(p)


1. Agriculture and forestry 12.81 12.21 11.55 11.01

2. Fishing 3.30 3.29 3.22 3.21

3. Mining and quarrying 1.65 1.65 1.73 1.85

4. Manufacturing 17.43 17.61 17.91 18.14

5. Electricity, gas and water supply 1.44 1.37 1.45 1.38

6. Construction 7.09 7.51 7.67 7.88

7. Wholesale and retail trade; repair of motor

vehicles, motorcycles and personal and

household goods 13.48 13.33 13.01 12.79

8. Hotel and restaurants 1.02 1.03 1.04 1.04

9. Transport, storage & communication 10.49 10.38 10.27 10.05

10. Financial intermediations 3.79 3.86 3.86 3.89

11. Real estate, renting and business activities 7.12 7.34 7.51 7.77

12. Public administration and defence 3.49 3.51 4.05 4.34

13. Education 2.56 2.60 2.82 3.05

14. Health and social works 2.10 2.09 2.11 2.11

15. Community, social and personal services 12.23 12.21 11.79 11.50



53

Table 13. Sectoral Growth Rate of GDP at Current Prices by Major Economic Sector,

2013-14 to 2016-17(p)



2. Fishing 14.36 12.47 11.55 12.38


4. Manufacturing 13.24 14.01 15.96 14.28


6. Construction 10.19 19.43 16.47 15.99


vehicles, motorcycles and personal and household

goods 11.64 11.60 11.25 10.97





12. Public administration and defence 18.71 13.29 31.65 21.02

13. Education 15.26 14.82 23.62 21.78





54

Table 14. Gross Domestic Product of Bangladesh at Constant Prices by Major Economic

Sector, 2013-14 to 2016-17(p)


1. AGRICULTURE AND FORESTRY 951,513 974,802 992,281 1,017,155

2. FISHING 274,189 291,695 309,504 328,874


4. MANUFACTURING 1,446,534 1,595,680 1,782,228 1,977,499

5. ELECTRICITY, GAS AND WATER SUPPLY 105,853 112,435 127,422 143,636

6. CONSTRUCTION 522,087 566,983 615,521 672,861




HOUSEHOLD GOODS 1,047,757 1,114,256 1,186,654 1,268,271



COMMUNICATION 853,824 904,748 959,718 1,023,829



ACTIVITIES 516,147 538,880 562,968 589,873

12. PUBLIC ADMINISTRATION AND DEFENCE 251,646 276,365 307,962 338,297

13. EDUCATION 167,809 181,250 202,480 225,784



SERVICES 729,554 753,518 778,376 806,544


Tax less subsidy 311,560 333,240 352,655 374,818

GDP at constant market price 7,741,361 8,248,624 8,835,389 9,475,416

Net primary income from abroad 515,924 535,480 508,909 397,147

GNI at constant market price 8,257,285 8,784,104 9,344,299 9,872,562

Consumption of fixed capital 675,978 719,945 773,015 829,725

NNI at constant market price 7,581,308 8,064,160 8,571,284 9,042,837

Population (In Million) 155.8 157.9 159.9 161.8

Per capita GDP at constant market price 49,701 52,243 55,259 58,581

Per capita GNI at constant market price 53,013 55,634 58,442 61,036

Per capita NNI at constant market price 48,673 51,075 53,607 55,906


55

Table 15. Gross Domestic Product of Bangladesh at Constant Prices by Broad Industry

Sector, 2013-14 to 2016-17(p)

Broad industry sector 2013-14 2014-15 2015-16 2016-17(p)

GDP

1. AGRICULTURE 1,225,702 1,266,498 1,301,786 1,346,029

2. INDUSTRY 2,195,739 2,407,999 2,675,137 2,955,962

3. SERVICES 4,008,360 4,240,887 4,505,812 4,798,607


1. AGRICULTURE 16.50 16.00 15.35 14.79

2. INDUSTRY 29.55 30.42 31.54 32.48

3. SERVICES 53.95 53.58 53.12 52.73


1. AGRICULTURE 4.37 3.33 2.79 3.40

2. INDUSTRY 8.16 9.67 11.09 10.50

3. SERVICES 5.62 5.80 6.25 6.50



Table 16. Sectoral Share of GDP at Constant Prices by Major Economic Sector, 2013-14 to

2016-17(p)



2. Fishing 3.69 3.69 3.65 3.61


4. Manufacturing 19.47 20.16 21.01 21.73


6. Construction 7.03 7.16 7.26 7.39


vehicles, motorcycles and personal and household

goods 14.10 14.08 13.99 13.94





12. Public administration and defense 3.39 3.49 3.63 3.72

13. Education 2.26 2.29 2.39 2.48





56

Table 17. Sectoral Growth Rate of GDP at Constant Prices by Major Economic Sector,

2013-14 to 2016-17(p)



2. Fishing 6.36 6.38 6.11 6.26


4. Manufacturing 8.77 10.31 11.69 10.96


6. Construction 8.08 8.60 8.56 9.32


vehicles, motorcycles and personal and

household goods 6.73 6.35 6.50 6.88





12. Public administration and defense 6.89 9.82 11.43 9.85

13. Education 7.26 8.01 11.71 11.51



GDP at constant basic price 6.15 6.54 7.17 7.28


57

Table 18: Gross Domestic Product by Expenditure Categories at Current Prices,

2013-14 to 2016-17(p) (Million Tk.)

2013-14 2014-15 2015-16 2016-17(p)

Domestic demand (1)+(2) 14308511 16,177,888 18,138,721 20,384,593

Consumption (1) 10,468,575 11,799,237 13,000,335 14,463,851

Private 9751386 10,980,061 11,979,247 13,213,109

General Govt. 717,189 819,176 1,021,088 1,250,742

Investment (2) 3,839,936 4378650.9 5138386.1 5920742

Private 2960024 3,344,722 3,983,470 4,500,725

Public 879912 1,033,929 1,154,916 1,420,017

Resource balance (3)-(4) -878,059 -1,123,611 -806,625 -1,026,021

Exports (3) 2551592 2,627,897 2,885,169 3,026,831

Imports (4) 3429651 3,751,508 3,691,794 4,052,851

Gross Domestic Exp. at market price (m..p) 13,430,452 15,054,277 17,332,096 19,358,572

Gross Domestic Product at m.p.(5) 13,436,744 15,158,022 17,328,637 19,560,557

Statistical Discrepancy (6) 6,292 103,745 -3,459 201,985

Net Factor Income from Abroad (7) 895494 984,021 998,112 819,849

Gross National Income at m.p. (8)=(5)+(7) 14,332,238 16,142,043 18,326,749 20,380,406

Net Current Transfers from Abroad (9) 63342 56,001 5,828 9,438

Gross Disposible National Income

(10)=(8)+(9) 14,395,580 16,198,044 18,332,577 20,389,845

Gross Domestic saving (11)=(5)-(1) 2,968,169 3,358,785 4,328,302 5,096,706

Gross National saving (12)=(10)-(1) 3,927,005 4,398,807 5,332,242 5,925,994

Current Account Balance (13)=(12)-(2)-(6) 80,777 -83,589 197,315 -196,733

Memo items: (% of GDP)

Consumption 77.91 77.84 75.02 73.94

Private 72.57 72.44 69.13 67.55

General Govt. 5.34 5.40 5.89 6.39

Investment 28.58 28.89 29.65 30.27

Private 22.03 22.07 22.99 23.01

Public 6.55 6.82 6.66 7.26

Exports of Goods & Services 18.99 17.34 16.65 15.47

Imports of Goods & Services 25.52 24.75 21.30 20.72

Gross Domestic Saving 22.09 22.16 24.98 26.06

Gross National Saving 29.23 29.02 30.77 30.30

Note: p denotes provisional.

58

Table 19: Gross Domestic Product by Expenditure Categories at Constant Prices,

2013-14 to 2016-17(p) (Million Tk)

2013-14 2014-15 2015-16 2016-17(p)

Domestic demand (1)+(2) 7,933,480 8,438,208 8,868,203 9,404,023

Consumption (1) 5,507,931 5,839,989 6,038,499 6,324,970

Private 5,110,768 5,408,068 5,570,432 5,832,166

General Govt. 397,163 431,921 468,066 492,804

Investment (2) 2,425,549 2,598,219 2,829,704 3,079,053

Private 1,873,379 1,986,084 2,189,871 2,308,348

Public 552,170 612,135 639,833 770,705

Resource balance (3)-(4) -228,952 -325,733 -168,804 -243,575

Exports (3) 1,482,726 1,440,765 1,472,415 1,463,904

Imports (4) 1,711,678 1,766,498 1,641,220 1,707,478

Gross Domestic Exp. at market price(m.p.) 7704528 8112474.4 8699398.3 9160448.4

Gross Domestic Product at m.p. (5) 7741361 8248624 8835389 9475416

Statistical Discrepancy(6) 36,833 136,150 135,991 314,968

Net Factor Income from Abroad(7) 515,924 535,480 508,909 397,147

Gross National Income at m.p. (8)=(5)+(7) 8,257,285 8,784,104 9,344,298 9,872,563

Net Current Transfers from Abroad (9) 36,493 30,474 2,972 4,572

Gross Disposible National Income (10)=(8)+(9) 8,293,779 8,814,578 9,347,270 9,877,135

GDP Deflator 173.57 183.76 196.13 206.43

(Implicit Deflators : base=2005-06)

Final Consumption Expenditure

Consumer Prices Index 190.80 203.03 215.05 226.56

Special Government Employees Index 180.58 189.66 218.15 253.80

Gross Capital Formation

Other Construction (Kutcha) 165.86 176.47 189.41 193.46

Wage Rate Index (Agriculture) 205.54 218.55 234.48 249.58

Construction Materiel Price Index

(Building Materiel Price Index) 179.13 190.97 205.01 218.27

Planted Machinery 119.76 120.61 129.72 132.76

Transport Equipment 149.53 150.59 162.41 165.35

Other Capital Goods 143.96

Unit Price Index

Export 172.09 182.40 195.95 206.76

Import 200.37 212.37 224.94 237.36

Annual percentage change

Final Consumption Expenditure : 4.28 6.03 3.40 4.74

Household Final Consumption Expenditure 4.01 5.82 3.00 4.70

General Govt. Final Consumption Expenditure 7.89 8.75 8.37 5.29

Gross Capital Formation 9.86 7.12 8.91 8.81

Exports of Goods and Services 3.20 -2.83 2.20 -0.58

Imports of Goods and Services 1.17 3.20 -7.09 4.04

Note: p denotes provisional.

59

Table 20. Final consumption expenditure by basic heading at current prices

ICP

codes Main Aggregates categories Basic

headings

Consumption expenditure (Million Tk.)

2013-14 2014-15 2015-16 2016-17(p)

A. Household Consumption

1.01.00.0 Food and non-alcoholic

beverages 29 5,056,238 5,687,635 6,208,548 6,847,393

1.01.10.0 Food 27 5,035,423 5,664,199 6,182,934 6,819,090

1.01.11.0 Bread and cereals 5 2,245,477 2,526,452 2,758,262 3,042,038

1.01.11.1 Rice 1,960,096 2,205,627 2,407,805 2,655,160

1.01.11.2 Other cereals, flour and other

cereal products 152,223 171,395 187,163 206,502

1.01.11.3 Bread 10,263 11,559 12,661 13,987

1.01.11.4 Other bakery products 41,164 46,852 50,881 56,149

1.01.11.5 Pasta products 81,731 91,020 99,752 110,241

1.01.12.0 Meat 5 322,871 361,685 396,759 438,032

1.01.12.1 Beef and veal 189,543 212,581 233,635 257,658

1.01.12.2 Pork - - - -

1.01.12.3 Lamb, mutton and goat 17,651 19,372 21,163 23,818

1.01.12.4 Poultry 108,201 121,311 132,757 146,399

1.01.12.5 Other meats and meat preparations 7,476 8,420 9,204 10,157

1.01.13.0 Fish and seafood 2 647,790 728,523 790,894 872,149

1.01.13.1 Fresh, chilled or frozen fish and

seafood 619,431 696,095 755,864 833,553

1.01.13.2 Preserved or processed fish and

seafood 28,359 32,429 35,031 38,596

1.01.14.0 Milk, cheese and eggs 4 269,530 302,287 330,952 364,663

1.01.14.1 Fresh milk 147,623 165,202 181,029 199,539

1.01.14.2 Preserved milk and other milk

products 46,977 52,711 57,741 63,568

1.01.14.3 Cheese 3,247 3,658 4,013 4,416

1.01.14.4 Eggs and egg-based products 71,683 80,715 88,168 97,140

1.01.15.0 Oils and fats 2 186,739 210,276 229,579 253,498

1.01.15.1 Butter and margarine 1,619 1,823 1,996 2,203

1.01.15.2 Other edible oil and fats 185,120 208,453 227,583 251,295

1.01.16.0 Fruits 2 147,516 166,462 182,627 200,984

1.01.16.1 Fresh or chilled fruit 147,453 165,391 180,186 200,598

1.01.16.2 Frozen , preserved or processed

fruit and fruit-based products 63 70 77 85

1.01.17.0 Vegetables 3 533,478 600,617 655,497 722,998

Contd.

60


ICP


headings


2013-14 2014-15 2015-16 2016-17(p)

1.01.17.1 Fresh or chilled vegetables other

than potatoes 325,903 366,922 400,457 441,990

1.01.17.2 Fresh or chilled potatoes 143,059 161,064 175,784 193,659

1.01.17.3 Frozen, preserved or processed

vegetables and vegetable-based

products 64,516 72,631 79,256 87,349

1.01.18.0 Sugar, jam ,honey, chocolate and

confectionery 3 70,958 79,885 87,291 96,350

1.01.18.1 Sugar 45,121 50,795 55,430 61,231

1.01.18.2 Jam, marmalades and honey 19,663 22,137 24,233 26,729

1.01.18.3 Chocolate, confectionery and ice

cream 6,175 6,952 7,627 8,389

1.01.19.0 Food products i.e. 1 611,064 688,013 751,074 828,379

1.01.20.0 Non-alcoholic beverage 2 20,815 23,436 25,614 28,303

1.01.21.0 Coffee, tea and cocoa 16,545 18,627 20,352 22,453

1.01.22.0 Mineral water, soft drinks, fruit

and vegetable juices 4,270 4,808 5,262 5,849

1.02.00.0 Alcoholic beverage, tobacco and

narcotics 5 200,039 222,448 241,201 263,781

1.02.10.0 Alcoholic beverages 3 - - - -

1.02.11.0 Spirits - - - -

1.02.12.0 Wine - - - -

1.02.13.0 Beer - - - -

1.02.20.0 Tobacco 1 109,356 121,140 131,597 144,454

1.02.30.0 Narcotics 1 90,683 101,308 109,604 119,327

1.03.00.0 Clothing and footwear 5 593,597 668,484 727,726 803,367

1.03.10.0 Clothing 3 529,313 596,096 648,725 716,316

1.03.11.0 Clothing materials, other articles

of clothing and clothing

accessories 41,209 46,532 50,523 55,898

1.03.12.0 Garments 485,174 546,265 594,607 656,444

1.03.14.0 Cleaning, repair and hire of

clothing 2,929 3,298 3,595 3,974

1.03.20.0 Footwear 2 64,285 72,388 79,001 87,051

1.03.21.0 Shoes and other footwear 63,692 72,221 78,455 86,426

1.03.22.0 Repair and hire of footwear 592 667 727 802

1.04.00.0 Housing, water, electricity, gas

and other fuels 7 1,606,272 1,808,212 1,971,074 2,175,620

1.04.10.0 Actual and imputed rentals for

housing 1 808,012 908,782 989,086 1,092,224

Contd

61


ICP


headings


2013-14 2014-15 2015-16 2016-17(p)

1.04.30.0 Maintenance and repair of the

dwelling 1 166,873 187,880 205,290 226,220

1.04.40.0 Water supply and miscellaneous

services relating to the dwelling 2 11,851 13,541 14,754 16,378

1.04.41.0 Water supply 8,476 9,741 10,598 11,791

1.04.42.0 Miscellaneous services relating to

the dwelling 3,375 3,800 4,157 4,587

1.04.50.0 Electricity, gas and other fuels 3 619,536 698,009 761,944 840,798

1.04.51.0 Electricity 108,491 122,574 133,713 147,615

1.04.52.0 Gas 31,859 35,966 39,257 43,383

1.04.53.0 Other fuels 479,186 539,469 588,975 649,799

1.05.00.0 Furnishings, household

equipment and routine

household maintenance 13 319,265 360,200 392,153 432,227

1.05.10.0 Furniture and furnishings, carpets

and other floor coverings 3 68,799 77,936 84,496 93,068

1.05.11.0 Furniture and furnishings 66,425 75,265 81,577 89,850

1.05.12.0 Carpets and other floor coverings 511 575 627 691

1.05.13.0 Repair of furniture, furnishings

and floor coverings 1,862 2,096 2,292 2,528

1.05.20.0 Household textiles 1 49,071 55,448 60,304 66,505

1.05.30.0 Household appliances 3 6,108 6,978 7,607 8,337

1.05.31.0 Major household appliances

whether electricity or not 4,166 4,793 5,223 5,709

1.05.32.0 Small electricity household

appliances 1,434 1,613 1,762 1,943

1.05.33.0 Repair of household appliances 508 572 623 685

1.05.40.0 Glassware, tableware and

household utensils 1 18,256 20,555 22,476 24,784

1.05.50.0 Tools and equipment for house and

garden 2 1,033 1,163 1,267 1,398

1.05.51.0 Major tools and equipment 306 345 376 414

1.05.52.0 Small tools and miscellaneous

accessories 724 817 889 985

1.05.60.0 Goods and services for routine

household maintenance 3 175,999 198,120 216,003 238,133

1.05.61.0 Non-durable household goods 95,581 107,625 117,486 129,513

1.05.62.0 Domestic services and household

services 80,418 90,496 98,518 108,620

1.05.62.1 Domestic services 80,062 90,333 98,290 108,296

1.05.62.2 Household services 56 63 68 75

Contd.

62


ICP


headings


2013-14 2014-15 2015-16 2016-17(p)

1.06.00.0 Health 7 260,166 294,846 320,430 353,982

1.06.10.0 Medical products, appliances and

equipment 3 187,226 211,266 229,982 253,400

1.06.11.0 Pharmaceutical products 182,854 206,344 224,620 247,444

1.06.12.0 Other medical products 3,646 4,104 4,469 4,969

1.06.13.0 Therapeutic appliances and

equipment 726 818 893 988

1.06.20.0 Out-patient services 3 50,163 56,945 62,156 69,020

1.06.21.0 Medical services 33,745 38,469 42,043 46,738

1.06.22.0 Dental services 766 861 936 1,038

1.06.23.0 Paramedical services 15,652 17,614 19,176 21,244

1.06.30.0 Hospital services 1 22,776 26,635 28,292 31,562

1.07.00.0 Transport 13 408,322 463,007 505,172 557,496

1.07.10.0 Purchase of vehicles 4 70,118 78,859 85,795 94,460

1.07.11.0 Motor cars 27,969 31,700 34,676 38,139

1.07.12.0 Motor cycles 11,508 12,861 14,141 15,579

1.07.13.0 Bicycles 18,846 21,122 22,843 25,165

1.07.14.0 Animal drawn vehicles 11,796 13,177 14,135 15,576

1.07.20.0 Operation of personal transport

equipment 3 57,747 65,496 71,609 79,077

1.07.22.0 Fuels and lubricants for personal

transport equipment 22,262 25,189 27,644 30,426

1.07.23.0 Maintenance and repair of personal

transport equipment 21,316 24,192 26,411 29,247

1.07.24.0 Other services in respect of

personal transport equipment 14,169 16,114 17,554 19,404

1.07.30.0 Transport services 6 280,457 318,652 347,768 383,960

1.07.31.0 Passenger transport by railway 2,904 3,311 3,607 4,026

1.07.32.0 Passenger transport by road 219,974 249,580 272,470 300,915

1.07.33.0 Passenger transport by air 1,618 1,869 2,024 2,243

1.07.34.0 Passenger transport by sea and

inland waterway 16,820 19,833 21,653 23,845

1.07.35.0 Combined passenger transport - - - -

1.07.36.0 Other purchased transport services 39,141 44,059 48,013 52,930

1.08.00.0 Communication 3 46,558 53,705 58,083 64,331

1.08.10.0 Postal services 5,678 6,629 7,118 7,841

1.08.20.0 Telephone and telefax equipment 4,744 5,418 5,868 6,599

Contd.

63


ICP


headings


2013-14 2014-15 2015-16 2016-17(p)

1.08.20.0 Telephone and telefax services 36,136 41,657 45,096 49,891

1.09.00.0 Recreation and culture 13 66,096 74,839 81,351 89,632

1.09.10.0 Audio-visual, photographic and

information processing equipment 3 54,003 61,224 66,529 73,298


information processing equipment 29,050 33,096 35,928 39,584

1.09.14.0 Recording media 20,028 22,547 24,533 27,027

1.09.15.0 Repair of audio-visual,

photographic and information

processing equipment 4,925 5,582 6,068 6,688

1.09.20.0 Other major durables for recreation

and culture 2 147 166 181 200

1.09.21.0 Major durable for outdoor and

indoor recreation 72 81 88 97

1.09.23.0 Maintenance and repair of other

major durables for recreation and

culture 76 85 93 102

1.09.30.0 Other recreational items and

equipment, gardens and pets 3 630 710 774 853

1.09.31.0 Other recreational items and

equipment’s 569 640 698 770

1.09.33.0 Gardens and pets 61 69 76 83

1.09.35.0 Veterinary and other services for

pets - - - -

1.09.40.0 Recreation and cultural services 3 7,087 7,976 8,688 9,567

1.09.41.0 Recreational and sporting services 3,723 4,191 4,569 5,029

1.09.42.0 Cultural services 3,364 3,785 4,119 4,538

1.09.43.0 Games of chance - - - -

1.09.50.0 Newspapers, books and stationery 1 3,887 4,380 4,760 5,252

1.09.60.0 Package holidays 1 341 384 419 462

1.10.00.0 Education 1 417,251 471,447 518,547 572,610

1.11.00.0 Restaurants and hotels 2 227,834 256,664 279,278 308,229

1.11.10.0 Catering services 184,201 207,160 225,355 248,642

1.11.20.0 Accommodation services 43,633 49,503 53,922 59,587

1.12.00.0 Miscellaneous goods and services 10 370,266 417,915 454,858 501,268

1.12.10.0 Personal care 2 142,216 160,480 174,652 192,470

1.12.11.0 Hairdressing salon and personal

grooming establishments 24,450 27,680 30,060 33,082

1.12.12 Appliances, articles and products

for personal care 117,766 132,799 144,592 159,388

1.12.20.0 Prostitution 1 - - -

Contd.

64


ICP


headings


2013-14 2014-15 2015-16 2016-17(p)

1.12.30.0 Personal effects n.e.c 2 168,621 190,083 206,973 228,074

1.12.31.0 Jewellery, clock and watch 168,125 189,524 206,364 227,403

1.12.32.0 Other personal effects 496 559 609 671

1.12.40.0 Social protection 1 - - - -

1.12.50.0 Insurance 1 7,890 8,957 9,728 10,729

1.12.60.0 Financial services n.e.c 2 - - - -

1.12.61.0 FISIM - - - -

1.12.62.0 Other financial services i.e. - - - -

1.12.70.0 Other services i.e. 1 51,540 58,395 63,505 69,995

1.13.00.0 Net purchases abroad 2 - - - -

1.13.11.1 Purchases by residential

households in the rest of the world - - - -

1.13.11.2 Purchases by non-residential

households in the economic

territory of the country - - - -

Total 110 9,571,905 10,779,402 11,758,421 12,969,936

B. NPISHs Consumption -

2.00.00.0 Individual consumption

expenditure by NPISHs 1 179,481 200,659 220825 243173

C. Government Consumption 717,189 819,176 1,021,088 1,250,742

3.00.00.0 Individual consumption

expenditure by Government 21 206,189 235,510 296,626 363,340

4.00.00.0 Collective consumption

expenditure by Government 5 511,000 583,666 724462 887401

D. Expenditure on Capital

Formation

5.00.00.0 Gross fixed capital formation 12 3,839,936 4,378,651 5,138,386 5,920,742

6.00.00.0 Changes in inventories and

acquisition less disposals of

valuables 4

E. Balance of Payment

7.01.11.0 Balance of exports and imports 2 -878,059 -1123611 -806625 -1026021

7.01.11.1 Exports of goods and services 2,551,592 2,627,897 2,885,169 3,026,831

7.01.11.2 Imports of goods and services 3,429,651 3,751,508 3,691,794 4,052,851

GDP at Expenditure based 155 13,430,452 15,054,277 17,332,096 19,358,572

Note: All figures are highly provisional and subject to revision, “p” denotes provisional estimates

65

Table 21. Share of Expenditure by Basic Heading at Current Prices

ICP codes Main Aggregates categories Basic

headings

Share of Total GDE

2013-14 2014-15 2015-16 2016-17(p)


1.01.00.0 Food and non-alcoholic beverages 29 37.65 37.78 35.82 35.37

1.01.10.0 Food 27 37.49 37.63 35.67 35.23

1.01.11.0 Bread and cereals 5 16.72 16.78 15.91 15.71

1.01.11.1 Rice 14.59 14.65 13.89 13.72

1.01.11.2 Other cereals, flour and other cereal

products 1.13 1.14 1.08 1.07

1.01.11.3 Bread 0.08 0.08 0.07 0.07

1.01.11.4 Other bakery products 0.31 0.31 0.29 0.29

1.01.11.5 Pasta products 0.61 0.60 0.58 0.57

1.01.12.0 Meat 5 2.40 2.40 2.29 2.26

1.01.12.1 Beef and veal 1.41 1.41 1.35 1.33

1.01.12.2 Pork - - - -

1.01.12.3 Lamb, mutton and goat 0.13 0.13 0.12 0.12

1.01.12.4 Poultry 0.81 0.81 0.77 0.76

1.01.12.5 Other meats and meat preparations 0.06 0.06 0.05 0.05

1.01.13.0 Fish and seafood 2 4.82 4.84 4.56 4.51

1.01.13.1 Fresh, chilled or frozen fish and seafood 4.61 4.62 4.36 4.31

1.01.13.2 Preserved or processed fish and seafood 0.21 0.22 0.20 0.20

1.01.14.0 Milk, cheese and eggs 4 2.01 2.01 1.91 1.88

1.01.14.1 Fresh milk 1.10 1.10 1.04 1.03

1.01.14.2 Preserved milk and other milk products 0.35 0.35 0.33 0.33

1.01.14.3 Cheese 0.02 0.02 0.02 0.02

1.01.14.4 Eggs and egg-based products 0.53 0.54 0.51 0.50

1.01.15.0 Oils and fats 2 1.39 1.40 1.32 1.31

1.01.15.1 Butter and margarine 0.01 0.01 0.01 0.01

1.01.15.2 Other edible oil and fats 1.38 1.38 1.31 1.30

1.01.16.0 Fruits 2 1.10 1.11 1.05 1.04

1.01.16.1 Fresh or chilled fruit 1.10 1.10 1.04 1.04

1.01.16.2 Frozen , preserved or processed fruit and

fruit-based products 0.00 0.00 0.00 0.00

1.01.17.0 Vegetables 3 3.97 3.99 3.78 3.73

1.01.17.1 Fresh or chilled vegetables other than

potatoes 2.43 2.44 2.31 2.28

1.01.17.2 Fresh or chilled potatoes 1.07 1.07 1.01 1.00

Contd.

66



headings

Share of Total GDE

2013-14 2014-15 2015-16 2016-17(p)

1.01.17.3 Frozen, preserved or processed vegetables

and vegetable-based products 0.48 0.48 0.46 0.45

1.01.18.0 Sugar, jam ,honey, chocolate and

confectionery 3 0.53 0.53 0.50 0.50

1.01.18.1 Sugar 0.34 0.34 0.32 0.32

1.01.18.2 Jam, marmalades and honey 0.15 0.15 0.14 0.14

1.01.18.3 Chocolate, confectionery and ice cream 0.05 0.05 0.04 0.04

1.01.19.0 Food products i.e. 1 4.55 4.57 4.33 4.28

1.01.20.0 Non-alcoholic beverage 2 0.15 0.16 0.15 0.15

1.01.21.0 Coffee, tea and cocoa 0.12 0.12 0.12 0.12

1.01.22.0 Mineral water, soft drinks, fruit and

vegetable juices 0.03 0.03 0.03 0.03

1.02.00.0 Alcoholic beverage, tobacco and

narcotics 5 1.49 1.48 1.39 1.36

1.02.10.0 Alcoholic beverages 3 - - - -

1.02.11.0 Spirits - - - -

1.02.12.0 Wine - - - -

1.02.13.0 Beer - - - -

1.02.20.0 Tobacco 1 0.81 0.80 0.76 0.75

1.02.30.0 Narcotics 1 0.68 0.67 0.63 0.62

1.03.00.0 Clothing and footwear 5 4.42 4.44 4.20 4.15

1.03.10.0 Clothing 3 3.94 3.96 3.74 3.70

1.03.11.0 Clothing materials, other articles of

clothing and clothing accessories 0.31 0.31 0.29 0.29

1.03.12.0 Garments 3.61 3.63 3.43 3.39

1.03.14.0 Cleaning, repair and hire of clothing 0.02 0.02 0.02 0.02

1.03.20.0 Footwear 2 0.48 0.48 0.46 0.45

1.03.21.0 Shoes and other footwear 0.47 0.48 0.45 0.45

1.03.22.0 Repair and hire of footwear 0.00 0.00 0.00 0.00

1.04.00.0 Housing, water, electricity, gas and

other fuels 7 11.96 12.01 11.37 11.24

1.04.10.0 Actual and imputed rentals for housing 1 6.02 6.04 5.71 5.64

1.04.30.0 Maintenance and repair of the dwelling 1 1.24 1.25 1.18 1.17

1.04.40.0 Water supply and miscellaneous services

relating to the dwelling 2 0.09 0.09 0.09 0.08

1.04.41.0 Water supply 0.06 0.06 0.06 0.06

Contd.

67



headings

Share of Total GDE

2013-14 2014-15 2015-16 2016-17(p)

1.04.42.0 Miscellaneous services relating to the

dwelling 0.03 0.03 0.02 0.02

1.04.50.0 Electricity, gas and other fuels 3 4.61 4.64 4.40 4.34

1.04.51.0 Electricity 0.81 0.81 0.77 0.76

1.04.52.0 Gas 0.24 0.24 0.23 0.22

1.04.53.0 Other fuels 3.57 3.58 3.40 3.36

1.05.00.0 Furnishings, household equipment and

routine household maintenance 13 2.38 2.39 2.26 2.23

1.05.10.0 Furniture and furnishings, carpets and

other floor coverings 3 0.51 0.52 0.49 0.48

1.05.11.0 Furniture and furnishings 0.49 0.50 0.47 0.46

1.05.12.0 Carpets and other floor coverings 0.00 0.00 0.00 0.00

1.05.13.0 Repair of furniture, furnishings and floor

coverings 0.01 0.01 0.01 0.01

1.05.20.0 Household textiles 1 0.37 0.37 0.35 0.34

1.05.30.0 Household appliances 3 0.05 0.05 0.04 0.04

1.05.31.0 Major household appliances whether

electricity or not 0.03 0.03 0.03 0.03

1.05.32.0 Small electricity household appliances 0.01 0.01 0.01 0.01

1.05.33.0 Repair of household appliances 0.00 0.00 0.00 0.00

1.05.40.0 Glassware, tableware and household

utensils 1 0.14 0.14 0.13 0.13

1.05.50.0 Tools and equipment for house and garden 2 0.01 0.01 0.01 0.01

1.05.51.0 Major tools and equipment 0.00 0.00 0.00 0.00

1.05.52.0 Small tools and miscellaneous accessories 0.01 0.01 0.01 0.01

1.05.60.0 Goods and services for routine household

maintenance 3 1.31 1.32 1.25 1.23

1.05.61.0 Non-durable household goods 0.71 0.71 0.68 0.67

1.05.62.0 Domestic services and household services 0.60 0.60 0.57 0.56

1.05.62.1 Domestic services 0.60 0.60 0.57 0.56

1.05.62.2 Household services 0.00 0.00 0.00 0.00

1.06.00.0 Health 7 1.94 1.96 1.85 1.83

1.06.10.0 Medical products, appliances and

equipment 3 1.39 1.40 1.33 1.31

1.06.11.0 Pharmaceutical products 1.36 1.37 1.30 1.28

Contd.

68



headings

Share of Total GDE

2013-14 2014-15 2015-16 2016-17(p)

1.06.12.0 Other medical products 0.03 0.03 0.03 0.03

1.06.13.0 Therapeutic appliances and equipment 0.01 0.01 0.01 0.01

1.06.20.0 Out-patient services 3 0.37 0.38 0.36 0.36

1.06.21.0 Medical services 0.25 0.26 0.24 0.24

1.06.22.0 Dental services 0.01 0.01 0.01 0.01

1.06.23.0 Paramedical services 0.12 0.12 0.11 0.11

1.06.30.0 Hospital services 1 0.17 0.18 0.16 0.16

1.07.00.0 Transport 13 3.04 3.08 2.91 2.88

1.07.10.0 Purchase of vehicles 4 0.52 0.52 0.50 0.49

1.07.11.0 Motor cars 0.21 0.21 0.20 0.20

1.07.12.0 Motor cycles 0.09 0.09 0.08 0.08

1.07.13.0 Bicycles 0.14 0.14 0.13 0.13

1.07.14.0 Animal drawn vehicles 0.09 0.09 0.08 0.08

1.07.20.0 Operation of personal transport equipment 3 0.43 0.44 0.41 0.41

1.07.22.0 Fuels and lubricants for personal transport

equipment 0.17 0.17 0.16 0.16

1.07.23.0 Maintenance and repair of personal

transport equipment 0.16 0.16 0.15 0.15

1.07.24.0 Other services in respect of personal

transport equipment 0.11 0.11 0.10 0.10

1.07.30.0 Transport services 6 2.09 2.12 2.01 1.98

1.07.31.0 Passenger transport by railway 0.02 0.02 0.02 0.02

1.07.32.0 Passenger transport by road 1.64 1.66 1.57 1.55

1.07.33.0 Passenger transport by air 0.01 0.01 0.01 0.01

1.07.34.0 Passenger transport by sea and inland

waterway 0.13 0.13 0.12 0.12

1.07.35.0 Combined passenger transport - - - -

1.07.36.0 Other purchased transport services 0.29 0.29 0.28 0.27

1.08.00.0 Communication 3 0.35 0.36 0.34 0.33

1.08.10.0 Postal services 0.04 0.04 0.04 0.04

1.08.20.0 Telephone and telefax equipment 0.04 0.04 0.03 0.03

1.08.20.0 Telephone and telefax services 0.27 0.28 0.26 0.26

1.09.00.0 Recreation and culture 13 0.49 0.50 0.47 0.46


information processing equipment 3 0.40 0.41 0.38 0.38

Contd.

69



headings

Share of Total GDE

2013-14 2014-15 2015-16 2016-17(p)


information processing equipment 0.22 0.22 0.21 0.20

1.09.14.0 Recording media 0.15 0.15 0.14 0.14

1.09.15.0 Repair of audio-visual, photographic and

information processing equipment 0.04 0.04 0.04 0.03

1.09.20.0 Other major durables for recreation and

culture 2 0.00 0.00 0.00 0.00

1.09.21.0 Major durable for outdoor and indoor

recreation 0.00 0.00 0.00 0.00

1.09.23.0 Maintenance and repair of other major

durables for recreation and culture 0.00 0.00 0.00 0.00

1.09.30.0 Other recreational items and equipment,

gardens and pets 3 0.00 0.00 0.00 0.00

1.09.31.0 Other recreational items and equipments 0.00 0.00 0.00 0.00

1.09.33.0 Gardens and pets 0.00 0.00 0.00 0.00

1.09.35.0 Veterinary and other services for pets - - - -

1.09.40.0 Recreation and cultural services 3 0.05 0.05 0.05 0.05

1.09.41.0 Recreational and sporting services 0.03 0.03 0.03 0.03

1.09.42.0 Cultural services 0.03 0.03 0.02 0.02

1.09.43.0 Games of chance - - - -

1.09.50.0 Newspapers, books and stationery 1 0.03 0.03 0.03 0.03

1.09.60.0 Package holidays 1 0.00 0.00 0.00 0.00

1.10.00.0 Education 1 3.11 3.13 2.99 2.96

1.11.00.0 Restaurants and hotels 2 1.70 1.70 1.61 1.59

1.11.10.0 Catering services 1.37 1.38 1.30 1.28

1.11.20.0 Accommodation services 0.32 0.33 0.31 0.31

1.12.00.0 Miscellaneous goods and services 10 2.76 2.78 2.62 2.59

1.12.10.0 Personal care 2 1.06 1.07 1.01 0.99

1.12.11.0 Hairdressing salon and personal grooming

establishments 0.18 0.18 0.17 0.17

1.12.12 Appliances, articles and products for

personal care 0.88 0.88 0.83 0.82

1.12.20.0 Prostitution 1 - - - -

1.12.30.0 Personal effects n.e.c 2 1.26 1.26 1.19 1.18

1.12.31.0 Jewellery, clock and watch 1.25 1.26 1.19 1.17

1.12.32.0 Other personal effects 0.00 0.00 0.00 0.00

Contd.

70



headings

Share of Total GDE

2013-14 2014-15 2015-16 2016-17(p)

1.12.40.0 Social protection 1 - - - -

1.12.50.0 Insurance 1 0.06 0.06 0.06 0.06

1.12.60.0 Financial services n.e.c 2 - - - -

1.12.61.0 FISIM - - - -

1.12.62.0 Other financial services i.e. - - - -

1.12.70.0 Other services i.e. 1 0.38 0.39 0.37 0.36

1.13.00.0 Net purchases abroad 2 - - - -

1.13.11.1 Purchases by residential households in the

rest of the world - - - -

1.13.11.2 Purchases by non-residential households in

the economic territory of the country - - - -

Total 110 71.27 71.60 67.84 67.00

B. NPISHs Consumption - - - -

2.00.00.0 Individual consumption expenditure by

NPISHs 1 1.34 1.33 1.27 1.26

C. Government Consumption 5.34 5.44 5.89 6.46


Government 21 1.54 1.56 1.71 1.88

4.00.00.0 Collective consumption expenditure by

Government 5 3.80 3.88 4.18 4.58

D Expenditure on Capital Formation - -

5.00.00.0 Gross fixed capital formation 12 28.59 29.09 29.65 30.58

6.00.00.0 Changes in inventories and acquisition

less disposals of valuables - - - -

E. Balance of Payment - -

7.01.11.0 Balance of exports and imports 2 -6.54 -7.46 -4.65 -5.30

7.01.11.1 Exports of goods and services 19.00 17.46 16.65 15.64

7.01.11.2 Imports of goods and services 25.54 24.92 21.30 20.94

GDP at Expenditure based 155 100.00 100.00 100.00 100.00


71

Table 22. Percentage Change of Final Expenditure at Current Prices


headings

Percentage Change

2014-15 2015-16 2016-17(p)


1.01.00.0 Food and non-alcoholic beverages 29 12.49 9.16 10.29

1.01.10.0 Food 27 12.49 9.16 10.29

1.01.11.0 Bread and cereals 5 12.51 9.18 10.29

1.01.11.1 Rice 12.53 9.17 10.27

1.01.11.2 Other cereals, flour and other cereal products 12.59 9.20 10.33

1.01.11.3 Bread 12.63 9.53 10.47

1.01.11.4 Other bakery products 13.82 8.60 10.35

1.01.11.5 Pasta products 11.37 9.59 10.51

1.01.12.0 Meat 5 12.02 9.70 10.40

1.01.12.1 Beef and veal 12.15 9.90 10.28

1.01.12.2 Pork - - -

1.01.12.3 Lamb, mutton and goat 9.75 9.24 12.55

1.01.12.4 Poultry 12.12 9.44 10.28

1.01.12.5 Other meats and meat preparations 12.63 9.30 10.36

1.01.13.0 Fish and seafood 2 12.46 8.56 10.27

1.01.13.1 Fresh, chilled or frozen fish and seafood 12.38 8.59 10.28

1.01.13.2 Preserved or processed fish and seafood 14.35 8.02 10.18

1.01.14.0 Milk, cheese and eggs 4 12.15 9.48 10.19

1.01.14.1 Fresh milk 11.91 9.58 10.23

1.01.14.2 Preserved milk and other milk products 12.21 9.54 10.09

1.01.14.3 Cheese 12.66 9.71 10.04

1.01.14.4 Eggs and egg-based products 12.60 9.23 10.18

1.01.15.0 Oils and fats 2 12.60 9.18 10.42

1.01.15.1 Butter and margarine 12.60 9.50 10.39

1.01.15.2 Other edible oil and fats 12.60 9.18 10.42

1.01.16.0 Fruits 2 12.84 9.71 10.05

1.01.16.1 Fresh or chilled fruit 12.17 8.94 11.33

1.01.16.2 Frozen , preserved or processed fruit and fruit-

based products 12.62 8.78 11.56

1.01.17.0 Vegetables 3 12.59 9.14 10.30

1.01.17.1 Fresh or chilled vegetables other than potatoes 12.59 9.14 10.37

1.01.17.2 Fresh or chilled potatoes 12.59 9.14 10.17

Contd.

72



headings

Percentage Change

2014-15 2015-16 2016-17(p)

1.01.17.3 Frozen, preserved or processed vegetables and

vegetable-based products 12.58 9.12 10.21

1.01.18.0 Sugar, jam ,honey, chocolate and confectionery 3 12.58 9.27 10.38

1.01.18.1 Sugar 12.58 9.13 10.47

1.01.18.2 Jam, marmalades and honey 12.59 9.47 10.30

1.01.18.3 Chocolate, confectionery and ice cream 12.60 9.71 9.98

1.01.19.0 Food products i.e. 1 12.59 9.17 10.29

1.01.20.0 Non-alcoholic beverage 2 12.59 9.30 10.50

1.01.21.0 Coffee, tea and cocoa 12.59 9.26 10.32

1.01.22.0 Mineral water, soft drinks, fruit and vegetable

juices 12.61 9.43 11.16

1.02.00.0 Alcoholic beverage, tobacco and narcotics 5 11.20 8.43 9.36

1.02.10.0 Alcoholic beverages 3 - -

1.02.11.0 Spirits - -

1.02.12.0 Wine - -

1.02.13.0 Beer - -

1.02.20.0 Tobacco 1 10.78 8.63 9.77

1.02.30.0 Narcotics 1 11.72 8.19 8.87

1.03.00.0 Clothing and footwear 5 12.62 8.86 10.39

1.03.10.0 Clothing 3 12.62 8.83 10.42

1.03.11.0 Clothing materials, other articles of clothing

and clothing accessories 12.92 8.58 10.64

1.03.12.0 Garments 12.59 8.85 10.40

1.03.14.0 Cleaning, repair and hire of clothing 12.60 9.00 10.56

1.03.20.0 Footwear 2 12.61 9.14 10.19

1.03.21.0 Shoes and other footwear 13.39 8.63 10.16

1.03.22.0 Repair and hire of footwear 12.57 9.02 10.29

1.04.00.0 Housing, water, electricity, gas and other

fuels 7 12.57 9.01 10.38

1.04.10.0 Actual and imputed rentals for housing 1 12.47 8.84 10.43

1.04.30.0 Maintenance and repair of the dwelling 1 12.59 9.27 10.20

1.04.40.0 Water supply and miscellaneous services

relating to the dwelling 2 14.26 8.96 11.01

1.04.41.0 Water supply 14.93 8.79 11.26

Contd.

73



headings

Percentage Change

2014-15 2015-16 2016-17(p)

1.04.42.0 Miscellaneous services relating to the dwelling 12.58 9.39 10.35

1.04.50.0 Electricity, gas and other fuels 3 12.67 9.16 10.35

1.04.51.0 Electricity 12.98 9.09 10.40

1.04.52.0 Gas 12.89 9.15 10.51

1.04.53.0 Other fuels 12.58 9.18 10.33

1.05.00.0 Furnishings, household equipment and

routine household maintenance 13 12.82 8.87 10.22

1.05.10.0 Furniture and furnishings, carpets and other

floor coverings 3 13.28 8.42 10.14

1.05.11.0 Furniture and furnishings 13.31 8.39 10.14

1.05.12.0 Carpets and other floor coverings 12.57 8.97 10.19

1.05.13.0 Repair of furniture, furnishings and floor

coverings 12.53 9.36 10.27

1.05.20.0 Household textiles 1 13.00 8.76 10.28

1.05.30.0 Household appliances 3 14.24 9.01 9.60

1.05.31.0 Major household appliances whether electricity

or not 15.04 8.96 9.32

1.05.32.0 Small electricity household appliances 12.53 9.21 10.27

1.05.33.0 Repair of household appliances 12.53 8.84 10.05

1.05.40.0 Glassware, tableware and household utensils 1 12.59 9.35 10.27

1.05.50.0 Tools and equipment for house and garden 2 12.58 8.91 10.39

1.05.51.0 Major tools and equipment 12.63 9.12 10.21

1.05.52.0 Small tools and miscellaneous accessories 12.89 8.76 10.80

1.05.60.0 Goods and services for routine household

maintenance 3 12.57 9.03 10.25

1.05.61.0 Non-durable household goods 12.60 9.16 10.24

1.05.62.0 Domestic services and household services 12.53 8.86 10.25

1.05.62.1 Domestic services 12.83 8.81 10.18

1.05.62.2 Household services 12.59 9.03 10.23

1.06.00.0 Health 7 13.33 8.68 10.47

1.06.10.0 Medical products, appliances and equipment 3 12.84 8.86 10.18

1.06.11.0 Pharmaceutical products 12.85 8.86 10.16

Contd.

74



headings

Percentage Change

2014-15 2015-16 2016-17(p)

1.06.12.0 Other medical products 12.56 8.88 11.19

1.06.13.0 Therapeutic appliances and equipment 12.66 9.21 10.57

1.06.20.0 Out-patient services 3 13.52 9.15 11.04

1.06.21.0 Medical services 14.00 9.29 11.16

1.06.22.0 Dental services 12.52 8.68 10.84

1.06.23.0 Paramedical services 12.53 8.87 10.79

1.06.30.0 Hospital services 1 16.94 6.22 11.56

1.07.00.0 Transport 13 13.39 9.11 10.36

1.07.10.0 Purchase of vehicles 4 12.47 8.80 10.10

1.07.11.0 Motor cars 13.34 9.39 9.99

1.07.12.0 Motor cycles 11.76 9.95 10.17

1.07.13.0 Bicycles 12.08 8.15 10.16

1.07.14.0 Animal drawn vehicles 11.71 7.27 10.19

1.07.20.0 Operation of personal transport equipment 3 13.42 9.33 10.43

1.07.22.0 Fuels and lubricants for personal transport

equipment 13.15 9.75 10.06

1.07.23.0 Maintenance and repair of personal transport

equipment 13.50 9.17 10.74

1.07.24.0 Other services in respect of personal transport

equipment 13.73 8.93 10.54

1.07.30.0 Transport services 6 13.62 9.14 10.41

1.07.31.0 Passenger transport by railway 14.01 8.96 11.60

1.07.32.0 Passenger transport by road 13.46 9.17 10.44

1.07.33.0 Passenger transport by air 15.52 8.32 10.81

1.07.34.0 Passenger transport by sea and inland waterway 17.91 9.18 10.12

1.07.35.0 Combined passenger transport - -

1.07.36.0 Other purchased transport services 12.56 8.97 10.24

1.08.00.0 Communication 3 15.35 8.15 10.76

1.08.10.0 Postal services 16.76 7.37 10.16

1.08.20.0 Telephone and telefax equipment 14.21 8.30 12.44

1.08.20.0 Telephone and telefax services 15.28 8.26 10.63

1.09.00.0 Recreation and Culture 13 13.23 8.70 10.18

1.09.10.0 Audio-visual, photographic and information

processing equipment 3 13.37 8.66 10.18

Contd.

75



headings

Percentage Change

2014-15 2015-16 2016-17(p)

1.09.11.0 Audio-visual, photographic and information

processing equipment 13.92 8.56 10.17

1.09.14.0 Recording media 12.58 8.81 10.17

1.09.15.0 Repair of audio-visual, photographic and

information processing equipment 13.34 8.71 10.21

1.09.20.0 Other major durables for recreation and culture 2 12.64 9.28 10.12

1.09.21.0 Major durable for outdoor and indoor

recreation 12.68 9.35 10.13

1.09.23.0 Maintenance and repair of other major durables

for recreation and culture 12.61 9.21 10.11

1.09.30.0 Other recreational items and equipment,

gardens and pets 3 12.57 9.06 10.22

1.09.31.0 Other recreational items and equipment 12.57 9.04 10.24

1.09.33.0 Gardens and pets 12.65 9.19 10.06

1.09.35.0 Veterinary and other services for pets - -

1.09.40.0 Recreation and cultural services 3 12.54 8.93 10.11

1.09.41.0 Recreational and sporting services 12.56 9.02 10.07

1.09.42.0 Cultural services 12.51 8.83 10.15

1.09.43.0 Games of chance - -

1.09.50.0 Newspapers, books and stationery 1 12.69 8.69 10.34

1.09.60.0 Package holidays 1 12.59 8.99 10.24

1.10.00.0 Education 1 12.99 9.99 10.43

1.11.00.0 Restaurants and hotels 2 12.65 8.81 10.37

1.11.10.0 Catering services 12.46 8.78 10.33

1.11.20.0 Accommodation services 13.45 8.93 10.51

1.12.00.0 Miscellaneous goods and services 10 12.87 8.84 10.20

1.12.10.0 Personal care 2 12.84 8.83 10.20

1.12.11.0 Hairdressing salon and personal grooming

establishments 13.21 8.60 10.05

1.12.12 Appliances, articles and products for personal

care 12.77 8.88 10.23

1.12.20.0 Prostitution 1 - -

1.12.30.0 Personal effects n.e.c 2 12.73 8.89 10.20

1.12.31.0 Jewellery, clock and watch 12.73 8.89 10.20

1.12.32.0 Other personal effects 12.73 8.86 10.22

1.12.40.0 Social protection 1 - -

Contd.

76



headings

Percentage Change

2014-15 2015-16 2016-17(p)

1.12.50.0 Insurance 1 13.53 8.61 10.29

1.12.60.0 Financial services n.e.c 2 - -

1.12.61.0 FISIM - -

1.12.62.0 Other financial services i.e. - -

1.12.70.0 Other services i.e. 1 13.30 8.75 10.22

1.13.00.0 Net purchases abroad 2 - -

1.13.11.1 Purchases by residential households in the rest

of the world - -

1.13.11.2 Purchases by non-residential households in the

economic territory of the country - -

Total 110 12.62 9.08 10.30

B. NPISHs Consumption - -


NPISHs 1 11.80 10.05 10.12

C. Government Consumption 14.22 24.65 22.49


Government 21 14.22 25.95 22.49

4.00.00.0 Collective consumption expenditure by

Government 5 14.22 24.12 22.49

D Expenditure on Capital Formation - -

5.00.00.0 Gross fixed capital formation 12 14.03 17.35 15.23

6.00.00.0 Changes in inventories and acquisition less

disposals of valuables - - -

E. Balance of Payment - -

7.01.11.0 Balance of exports and imports 2 27.97 -28.21 27.20

7.01.11.1 Exports of goods and services 2.99 9.79 4.91

7.01.11.2 Imports of goods and services 9.38 -1.59 9.78

GDP at Expenditure based 155 12.09 15.13 11.69


77

44 Explanatory Notes

Concepts and data sources used in compiling GDP estimates

1. GDP is an aggregate measure of the total value of gross output produced within the

economic territory of a country in a specified period, before deducting allowance for

consumption of fixed capital (CFC) or depreciation. GDP is measured by using three

different approaches.

2. Provisional GDP estimates for Bangladesh are compiled using both “production” and

“expenditure” approaches. Data sources used for “production” approach include crops

statistics, extrapolation based on inter-census growth rate of population and agriculture

censuses, current industrial production survey, government budgets, other

administrative records, external trade statistics, etc.

3. Under “Production” approach/method, GDP is measured as the total value added

(value of output minus intermediate consumption) arising from production of all goods

and services sectors of the economy. It is the sum of value added of all industrial

sectors.

4. For “Expenditure” approaches data sources include HES (Household Expenditure

Survey), external trade statistics, balance of payment statistics, government accounts

and related data from non-government organisations.

5. Under “Income” approach GDP can be measured as the sum of incomes paid out to the

employees by the producers known as compensation of employees (CE), mixed income

of the self-employed persons (MI) and operating surplus (OS) of the producers and the

consumption of the fixed capital (CFC). The sum of all elements covering payments to

the factors of production is also equal to gross value added at basic prices. If indirect

taxes (IT) less subsidies on production and products are added, it would be equivalent to

GDP in market prices. For lack of required data, BBS could not compile GDP by using

this approach.

6. Inflation is a sustained increase in the general price level of goods and services in an

economy over a period of time.

Publication schedule of production and expenditure based GDP estimates

7. “Production” and “Expenditure” based “Provisional Estimate of Annual GDP” are

released with a time lag of about nine months after the reference year (i.e. in April /

May of the current financial year). This is the 20th such publication of BBS. Annual

78

GDP estimates along with other national accounts aggregates are also published in the

Monthly Statistical Bulletin and other publications of BBS.

8. The final estimates are based on confirmed data and released within eight to nine months

after the end of the FY. The GDP estimates of Bangladesh are published as follows:

i) Provisional GDP Estimates : Data mainly upto December of the fiscal year to be

used for estimation and publication by April-May

of the fiscal year.

ii) Final GDP Estimates : By April-May of the following fiscal year.

Qualification of data and caveats on the use of provisional GDP estimates

GDP estimates by Production Approach:

9. Provisional GDP estimates based on production approach are subject to a number of

qualifications due to non-availability of the required data. These qualifications are:

1. Agriculture and Forestry

a. Crops and horticulture Generally actual production figures of aus and jute are

used. For other major crops (aman, boro and wheat)

projected production figures are used. Estimates made by

the Ministry of Agriculture and Sample Crop Cutting by

BBS are used to validate the estimates. Minor crops are

imputed at last year’s levels and validated as and when

necessary with the production estimates available from

the most recent Household Income Expenditure Survey

(HIES).

b. Animal farming Extrapolated on the basis of inter-census growth rate

obtained from Census of Agriculture, 1983-84, Census of

Agriculture, 1996 and 2008.

c. Forest and related services Outputs projected on the basis of earlier years.

2. Fishing Based on estimates/projection provided by DOF and

validated on the basis of the most recent HIES 2010 data.

3. Mining and Quarrying Administrative data of BCIC and Petrobangla are used for

estimating most of the outputs.

4. Manufacturing Actual growth plus extrapolation based on QIIP for

medium and large industries and also QIIP for small

industries are taken into consideration.

5. Power, Gas, Water Based on targets, modified by actual production data up to

December for gas and electricity of the fiscal year.

6. Construction Based on the trend of imports of major construction

inputs and domestic production data of related industries

till December of the fiscal year.

7. Wholesale and Retail Trade Growth rate reflecting trends of imports, agricultural and

industrial production.

79

8. Hotels and Restaurants Extrapolated on the basis of Report on Integrated Annual

Survey of Non-farm Economic Activities.


Communication

Imputation of last year’s figure and selective use of

administrative data available up to December of the fiscal

year. Also the budgetary data of government transport and

communication agencies of the fiscal year are utilized.

10. Public Adm. and Defence Based on national budget allocations for the fiscal year.

11. Financial Intermediations Projections based on last year data, bank deposit and

credit up to December 2016.


Business Activities

Projections based on inter-census growth rate: Population

Census, Labour Force Surveys, Household Income and

Expenditure Survey (HIES) and estimates of housing

stock and rental income.

13. Health and Social Work Based on national budget allocations for FY2017 for

public sub-sector estimates. Projection and extrapolation

growth rates of the major components for private sub-

sector estimates.

14. Education Based on national budget allocations for the public sector.

Projection and extrapolation of growth rates for private

sub-sector.


Personal Services

Projection and extrapolation growth rates of major

components.

Provisional estimates provide trends of economic performance. Provisional GDP

estimates are usually subject to revisions because of subsequent data changes.

Expenditure based GDP estimates

Expenditure based provisional GDP estimates are relatively imprecise in nature because of

weakness in the data base used in calculation. The estimates are also subject to limitations of

the methodologies used in estimating the components. The external trade statistics of the last

quarter of the year usually show higher trends and may not follow the previous year’s pattern.

Uncertainties in the actual expenditures during first quarter are likely to affect the volume of

public sector investments. The basis of extrapolation of the private consumption expenditures

and investments is also fragile. Owing to data limitations, no account is taken of the overall

stock changes. Consumption of NPISH and acquisition net of disposal of valuables are

assumed to be included in private consumption.

80

The provisional GDP estimates by expenditure category are compiled on the basis of the

following data sources:

1. General Government Final Consumption Expenditure: Based on national budget

allocation, government final consumption is extrapolated.

2. Private Final Consumption Expenditure: Extrapolation is done based on recent HIES

2010 data and also residual method is adopted for reconciliation.

3. Gross Fixed Capital Formation: Import of capital goods and domestic production of

materials for capital goods like construction input upto December of the fiscal year is

used.

4. Net Exports: Based on Balance of Payment (BOP) data and actual trends of imports

and exports up to December of the fiscal year.

81

Annex - II

Statistical Annex Tables

82

83

Table 1. Production of Major Agricultural Crops

(Lac metric ton)

Crops 2012-13 2013-14 2014-15 2015-16 2016-17(p)

Cereals

Aus 21.58 23.26 23.28 22.88 21.33

Aman 128.97 130.23 131.90 134.83 136.50

Boro 187.78 190.07 191.92 189.37 189.37

Wheat 12.55 13.03 13.47 13.48 13.48

Maize 15.48 21.24 22.71 24.45 26.10

Total 366.36 377.83 383.28 385.01 386.78

Other crops

Tobacco and Beverage 5.17 5.47 5.27 5.19 6.43

Jute (Lac bales) 76.11 74.36 75.01 75.58 82.46

Fruits 43.78 45.45 45.88 47.04 47.12

Oilseeds 8.04 8.44 9.34 9.31 9.31

Pulses 2.65 3.52 3.78 3.78 3.78

Spices 17.22 20.43 21.79 24.70 24.70

Sugarcane 44.69 45.08 49.87 47.35 47.40

Vegetables 120.53 126.77 130.27 131.36 136.42

a. Potato 86.03 89.50 92.54 94.74 99.50

b. Other Vegetables 34.50 37.27 37.72 36.61 36.72

Others 2.30 2.33 2.47 2.52 2.50

Note: i) * Final Estimates

2) “p” denotes provisional estimates

Table 2. Production of Fish (adjusted)

(Lac metric ton)

Crops 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17(p)

Inland 25.59 27.23 28.95 30.18 31.86 33.18

Marine 5.97 6.33 6.48 6.84 6.92 6.97

Total 31.56 33.56 35.43 37.02 38.78 40.15

Note: “p” denotes provisional estimates Source: Department of Fisheries (DOF) and Household Expenditure Survey, BBS

84

Table 3. Quantum Index of Industrial Production (Large and Medium Scale

Manufacturing Industry) (Base: 2005-06 = 100)

Month 2014-15 2015-16 Growth rate

(point to point) 2016-17(p)

Growth rate

(point to point)

July 248.67 253.67 2.01 247.72 -2.35

August 214.74 258.35 20.31 306.54 18.65

September 233.32 238.70 2.31 244.54 2.45

October 203.15 235.04 15.70 267.35 13.75

November 223.58 253.24 13.27 277.22 9.47

December 244.06 286.05 17.20 310.73 8.63

January 244.81 277.35 13.29

February* 226.56 271.93 20.03

March* 228.16 272.24 19.32

April* 230.37 268.32 16.47

May* 257.96 291.27 12.91

June* 277.97 321.19 15.55

Yearly 236.11 268.11 13.55

Source: Current Industrial Production Section, BBS

Note: p denote provisional estimates, * QIIP, January-June 2016-17 yet to be release

Table 4. Domestic Production of Natural Gas, Electricity and Fertilizer

Period Gas (106 cu meter) 1 Electricity (106 kWh) 2 Fertilizer (M.T) 3

2005-06 14,921 22,977 1,926,672

2006-07 15,920 23,268 1,982,292

2007-08 17,014 24,953 1,581,683

2008-09 18,511 26,533 1,347,366

2009-10 19,919 29,246 1,170,119

2010-11 20,075 31,355 1,013,537

2011-12 21,056 35,117 1,047,214

2012-13 22,670 38,229 1,074,791

2013-14 23,232 38,040 976,691

2014-15 25,263 40,358 1,028,157

2015-16 27,559 46,371 1,010,446

Month Gas (106 cu meter) 1 Electricity (106 KWh) 2 Fertilizer (M.T) 3

2015-16 2016-17(p) 2015-16 2016-17(p) 2015-16 2016-17(p)

July 2,185 2233 3860 4432 45,233 67341

August 2,350 2345 4227 4811 65,906 62122

September 2,168 2164 3997 4509 66,832 63072

October 2,345 2345 4025 4736 91,589 62410

November 2,308 2257 3243 3618 91,109 103979

December 2,369 2343 3053 128,085 116044

January 2,372 2364 3205 124845

February 2,214 3415 108336

March* 2,354 4181 112005

April* 2,270 4337 52866

May* 2,325 4116 64492

June* 2,299 4696 59148

Source: 1 Petrobangla 2 Power Development Board, REB & DESA

3 MIS Report, Bangladesh Chemicals Industries Corporation p denote provisional, * Production of gas, electricity and fertilizer from February to June 2017 are not available

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Table 5. Deposit and Credit Disbursement (Billion Tk.)

Financial Year Demand Deposit Time Deposit Domestic Credit

2000-01 108.69 648.27 910.46

2001-02 116.20 744.55 1023.97

2002-03 128.28 872.51 1106.49

2003-04 146.13 992.74 1267.86

2004-05 168.50 1160.42 1488.37

2005-06 197.40 1380.22 1784.12

2006-07 234.63 1613.36 2041.61

2007-08 265.18 1894.81 2470.49

2009-10 302.37 2300.73 2868.55

2009-10 416.22 2750.43 3378.27

2010-11 481.06 3374.19 4308.93

2011-12 510.60 4073.88 5149.73

2012-13 557.37 4799.02 5717.37

2013-14 643.44 5589.78 6379.06

2014-15 723.84 6268.00 7015.26

2015-16 897.59 7039.47 8012.80

2016-17 (Jul-Mar) 878.59 7622.14 8452.41

Source: Economic Trend, Bangladesh Bank, * indicate (July-February)

Table 6. GDP Growth Rate and Per Capita Income of SAARC Countries

Countries GDP growth rate/a Per capita income US $/b

2014 2015 2016 2013 2014 2015

Afghanistan 1.3 0.8 2.0 690 660 610

Bangladesh 6.06 6.6 7.1 1010 1080 1190

Bhutan 3.8 5.9 6.4 2330 2370 2380

India 7.2 7.6 7.4 1520 1560 1590

Maldives 6.5 2.1 3.5 6000 6480 6950

Nepal 5.7 2.3 0.8 730 740 730

Pakistan 4.1 4 4.7 1360 1400 1440

Sri Lanka 4.9 4.8 5.0 3490 3650 3800

Source: /a Asian Development Outlook 2016 update, /b World Development Indicators 2016 database.

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Table 7. Export of Selected Items (Crore Tk.)

Item 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

(Jul-Feb)

Raw Jute 1,866 1,699 948 856 1,257 1,018

Jute goods (including Carpet) 5,200 5,989 5,315 5,351 5,700 3,962

Tea 28 17 17 33 15 13

Leather 4,115 4778 3,759 3,081 2,133 991

Fish & Shrimp 4,758 3399 4,098 3,988 3,003 2,328

Readymade Garments (including

Knit Wear & Hosiery) 122,701 128,285 146,626 156,045 163,120 110,956

Naphtha Furnace oil & Bitumen 975 431 134 291 101 55

Fertilizers 130 - - - 0 44

Others (Including EPZ) 40,540 44839 52,477 56,841 61,473 38,913

Total Exports 180,313 189,437 213,374 226,486 236,802 158,280

Source: Economic Trend, Bangladesh Bank

Table 8. Import of Selected Items (Crore Tk.)

Year 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

(Jul-Feb)

Rice 2,188 239 2701 4310 931 207

Wheat 4,763 5575 8685 7915 7159 5396

Total (food) 6,951 5814 11386 12224 8091 5602

Milk & Dairy Products 1,750 1708 2249 2409 1766 1162

Spices 1,080 947 1423 1668 1598 1252

Oil seeds 1,420 1932 3952 2745 4083 1907

Edible Oil 13,051 11185 13686 12223 10409 7818

Pulses all Sorts 1,911 3373 3536 3057 3625 2458

Sugar 9,390 5853 7014 5770 5171 4749

Clinker 3,994 3888 4812 4632 3467 2371

Crude Petroleum 8,387 8801 7218 6629 2985 2588

Petroleum Products 30,484 29122 31628 26175 17827 14514

Chemicals 9,575 10405 11644 12192 13215 9587

Pharmaceutical Products 934 952 931 875 938 783

Fertilizers 10,907 9563 7977 9647 8170 4167

Dyeing & Tanning Materials 2,977 3190 4185 4312 4272 2889

Plastic and Rubber Articles 10,835 10905 13937 14333 14233 9628

Cotton 16,601 16004 18850 17672 16844 12099

Yarn 10,833 10849 11705 12377 12885 8637

Textile and articles thereof 24,168 26133 27853 28569 32259 21727

Staple fibres 3,250 3627 3833 4078 4713 3034

Iron & Steel 17,637 18642 20654 22909 21925 17340

Capital Machinery 15,765 14672 18122 20294 23920 20010

Others (Including EPZ) 79,063 74763 89977 90395 101483 69759

Total (non food) 274,012 266514 305186 302961 305788 218476

Total Imports 280,963 272328 316572 315185 313879 224079

Source: Economic Trend, Bangladesh Bank

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Table 9. Annual Development Programme by Sectors

(Million Tk.)

Sector FY2015 FY2016 FY2017

Budget Revised Budget Revised

Agriculture 27850 24690 32770 50234 57416

Rural Development & Institutions 151300 165530 181820 90666 107614

Water Resources 28310 21420 30620 26067 33421

Industries 17380 14980 14130 19389 9741

Power 92730 82760 164850 155532 134476

Oil, Gas & Natural Resources 22230 10190 19940 20717 10678

Transport 99770 86200 12738 132958 208332

Bridge Division 87350 52990 89210 62530 65270

Communication 7410 9850 17710 14629 19158

Physical Planning, Water Supply &

Housing 20840 13290 23960 123571 143912

Education & Religious Affairs 97060 87000 99910 101255 128460

Sports & Culture 3050 3470 15990 2617 3141

Health, Population and Family Welfare 43490 45620 53310 55517 56553

Mass Media 1190 1130 1260 1191 1760

Social Welfare, Women’s Affairs &Youth

Development 22960 16160 22370 4316 3472

Public Administration 45750 59090 50920 23212 23445

Science & Technology 2305 37190 13010 18085 54720

Labour & Manpower 4130 4200 4760 4261 4510

Total Sectoral Allocation 775105 735760 849278 906747 1066079

Total Block Allocation 28045 14240 120722 32305 40921

Grand Total 803150 750000 970000 939052 1107000

Source: Planning Commission

Table 10. Monetary and Banking Statistics (Million Tk.)

Items 2011 2012 2013 2014 2015 2016 2017

(Jul-Dec)

Currency outside Banks 547,951 58,4171 675529 769084 879408 1220745 1131534

Demand Deposits 481,062 510,604 557365 643443 728734 897591 906607

Money Supply M1 1031,011 1,097,214 1,236,031 1416451 1608142 2124307 2044463

Time Deposits 3374,189 4073,881 4,799,023 5589784 6267999 7039472 7496075

Money Supply M2 4405,200 5171,095 6,035,054 7006235 7876141 9163779 9540538

Post Office Deposits 49,760 25,337 522 - - - -

Monetary asset 4457,960 5196,432 6,035,576 - - - -

Source: Economic Trend, Bangladesh Bank, *May 2017

88

Related Publications on National Accounts Statistics

1. Brochure on National Accounts of Bangladesh, January 1995

2. Institutional sector accounts of Bangladesh for 1995- 96, (Draft), January 1999

3. Bangladesh, National Accounts Statistics: Sources and Methods (revised Estimates from

1995-96 to 2013-14 with base year 2005-06), August 2014

4. Preliminary Estimates of Gross Domestic Product May 1997

5. Preliminary Estimates of Gross Domestic Product 1998-99 and Final Estimates of Gross

Domestic Product, 1997-98

6. Preliminary Estimates of Gross Domestic Product, 1999-2000 and Final Estimates of Gross

Domestic Product, 1998-99

7. National Accounts Statistics (Gross Domestic Product, 2000-2001)

8. National Accounts Statistics (Preliminary Estimates of GDP, 2001-2002)

9. National Accounts Statistics (Provisional Estimates of GDP, 2015-16 and Final Estimates

of GDP, 2014-15)


of GDP, 2013-14)


of GDP, 2012-13)

12. National Accounts Statistics (Preliminary Estimates of GDP, 2012-13 and Final Estimates

of GDP, 2011-12)

13. Estimates of Investment: Methods and Data Sources, May 2002

14. Proceeding of the Workshop-cum-Expert Consultation on National Accounts Compilation

of Bangladesh, January 1994.

15. Report of the National Income Commission, 1990

16. Report of the Task Force on the Review of National Accounts of BBS, June 1996

17. Sources and Methods of Indices (National Accounts Deflators), May 1997

18. System of National Accounts, 2008 (UN Publication)

19. Twenty Years of National Accounting of Bangladesh (1972-92), July 1993

20. Provisional Estimates of Gross Regional Product 1995-96 to 1999-2000

Available for sale at:

1. BBS Publication Section,

Parishankhan Bhaban (Ground Floor)

E-27/A, Agargaon, Dhaka-1207

Phone: 91133383, 9137775, 9138636-7, 9133383-5, ext. 1010

2. BBS Sales Centre, Ansari Building (1st Floor)

14/2, Topkhana Road, Dhaka-1000

National Accounts data are also available in BBS website: http://www.bbs.gov.bd

89

Officials Involved in Preparation of the Report

1. Mr. Abul Kalam Azad, Director, National Accounting Wing, BBS

2. Mr. Ziauddin Ahmed, Joint Director, National Accounting Wing, BBS

3. Mr. Md. Mahbubur Rahman, Deputy Director, National Accounting Wing, BBS

4. Mr. Md. Shahabuddin Sarker, Deputy Director, National Accounting Wing, BBS

5. Mr. Abdul Khaleque, Deputy Director, National Accounting Wing, BBS

6. Mr. Tufail Ahmed, Deputy Director, National Accounting Wing, BBS

7. Ms. Salma Hasnayen, Deputy Director, National Accounting Wing, BBS

8. Mr. Md. Rafiqul Islam, Deputy Director, National Accounting Wing, BBS

9. Ms. Israt Jahan Nasrin, Statistical Officer, BBS

10. Mr. Md. Nazmul Hoque, Statistical Officer, BBS

90

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