The Bangladeshi economy has grown rapidly in recent years, with a GDP growth rate of 7.1% in 2016, according to the IMF. Bangladesh exports textiles, leather goods, and food, with its top export partners being the US, Germany, and UK. Imports include cotton, petroleum, and machinery, mainly from China, India, and Singapore. GDP is calculated through the production, income, and expenditure approaches and measures the value of finished goods and services produced domestically. Bangladesh's GDP growth rate was over 7% in 2018-2019 according to forecasts, higher than most other South Asian countries. Agriculture, industry, and services each contribute around 17%, 26%, and 56% respectively to Bangladesh's GDP.
2. OUR CONTENT IS..
• Economy of Bangladesh.
• Export import of Bangladesh.
• What is GDP?
• GDP growth rate of Bangladesh.
• Comparative economic forecasts for South Asian countries.
• Economy System.
• Agriculture, Industry and Services contribution to GDP
3. ECONOMICS OF BANGLADESH
The market-based economy of Bangladesh is one of the fastest growing economies in the
world. It's the 39th largest in the world in nominal terms, and 29th largest by purchasing
power parity; it is classified among the Next Eleven emerging market middle income
economies and a Frontier market. According to the IMF, Bangladesh's economy is the second
fastest growing major economy of 2016, with a rate of 7.1%. Dhaka and Chittagong are the
principal financial centers of the country, being home to the Dhaka Stock Exchange and the
Chittagong Stock Exchange. The financial sector of Bangladesh is the second largest in the
subcontinent.
4. EXPORT IMPORT OF BANGLADESH
Export 271.64 BDT Billion March 2019 Imports 416.96 BDT Billion in March
Export goods Textiles, Leather goods, Processed and frozen, Food, Jute, Jute product
Import Goods Cotton, Petroleum, Machinery and equipment, Palm oil, Foodstuffs, Iron
and steel, Automobiles.
Main Export partners Main Import partners
United States 14.3%
Germany 13.6%
United Kingdom 7.9%
France 5.2%
Spain 4.3%
Italy 4.1%
China 18.8%
India 14.8%
Singapore 5.8%
Malaysia 4.2%
5. WHAT IS GDP?
Gross Domestic Product (GDP) is a broad measurement of a nation’s overall economic
activity. GDP is the monetary value of all the finished goods and services produced within a
country's borders in a specific time period.
GDP can be determined in three ways, all of which should, in principle, give the same result.
They are the production (or output or value added) approach, the income approach, and the
expenditure approach.
Production Approach/Method:
Gross value of output = Value of the total sales of goods and services + Value of changes in
the inventories.
Net value added = Gross value of output – Value of intermediate consumption
6. Income Approach/Method:
This approach calculates National Income, NI. NI is the sum of the following components:
Labor Income (W)
Rental Income (R)
Interest Income (i)
Profits (π)
NI = W + R + i + π
Expenditure Approach/Method:
The most well-known approach to calculating GDP, the expenditures approach is
characterized by the following formula:
GDP = C + I + G + (X-M)
GDP is the sum of consumption (C), investment (I), government spending (G) and net
exports (X – M) .
7. GDP GROWTH RATE OF BANGLADESH
5.05
5.57
6.46 6.52
6.01 6.06
6.55
7.1 7.3
7.8 8 8.13
0
2
4
6
8
10
2010 2012 2014 2016 2018 2019
GDP
Series 1 Series 2 Series 3
8. COMPARATIVE ECONOMICS FORECASTS
FOR SOUTH ASIAN COUNTRIES
2.5
3.6
3.9
5.7
6.2
6.5
7.2
8
0 1 2 3 4 5 6 7 8 9
Afganisthan
Sri Lanka
Pakistan
Bhutan
Nepal
Maldives
India
Bangladesh
GDP Growth Rate, 2019 forecast
Series 1 Series 2 Series 3
9. ECONOMIC SYSTEM
Formal Sector - The formal sector includes all regulated institutions like Banks, Non-Bank
financial institutions (FIs), Insurance companies, Capital Market Intermediaries like
Brokerage houses, bourgeois Banks etc. Finance institutions (MFIs)
Semi-Formal Sector - The Semi formal sector includes those institutions which are
regulated otherwise but don't fall into the jurisdiction of financial organization, Insurance
Authority, Securities and Exchange Commission or any other enacted financial regulator.
Informal Sector - The informal sector comprises of the institutions which are free and fully
unregulated.
10. AGRICULTURE, INDUSTRY AND SERVICES
CONTRIBUTION TO GDP
19 18.7 18.5 17.9 17.8 17.7 17.1 16.3 16.1
25.4 25.7 26 26.4 26.1 26.4 26.7 27.6 27.6
55.6 55.6 55.6 55.7 56 55.9 56.2 56.1 56.3
0
10
20
30
40
50
60
2006 2007 2008 2009 2010 2011 2012 2013 2014
Agriculture, Industry and Services
contribution to GDP
Series 1 Series 2 Series 3
