Economic Info.

Jan' 2016)

1. Budget details :
Budget Title : Incorrigible optimistic
Budget'15 = 2,95,100 Crore BDT
= 2,08,443 Crore BDT
Budget Deficit = 86,657 crore BDT (4.7% of GDP)
Income source :
Value added tax = 61.8%
Internal finance = 19.1%
Except tax income = 8.9%
Foreign debt = 8.2%
Foreign Aid = 2%
Expenditure schedule :
Public administration = 19.2%
Education = 11.6%
Transport & Communication = 9.7%
Rural development = 7.1%
Agriculture = 6.8%
Fuel & Energy = 6.3%
Defense = 6.2%
Health = 4.3%
2. Gross Domestic Product (GDP):
GDP amount:
Nominal = 195.52 Billion USD (36th)
PPP = 655 Billion US$ (31st)
15, 13,600
8, 24,532
GDP per capita = Tk. 95,864 (2014-15)
Target GDP Growth Rate = 7%
Current GDP Growth Rate = 6.51%.
Projected GDP Growth Rate:
WB = 6.2% (2014) 6.5% (2015) 6.7% (2016)
IMF = 6.25% (2014), 6.5% (2015), 6.8% (2016)
ADB = 6.4% (2014-15) 6.7% (2015)
BB= 7% (2015) 6.8-6.9 (2016)
Record Highest GDP = 6.71% (2011)
Record Lowest GDP = 4.08% (1994)
Average GDP Growth Rate = 5.64%
(1994-2014)
Projected GDP growth rate of the World by
1. IMF:
2. World Bank:
2014 = 3.3%
2014 = 3.2%
2015 = 3.5%
2015 = 3.4%
2016 = 3.7%
2016 = 3.9%
Government expenditure= 6.9% of GDP
Government Spending to GDP = 17.62%
Contribution of sectors in GDP:
Service = 56.42%
Industry = 27.99%,
Agriculture = 15.59%.

Tourism = 6.25%
Investment to GDP ratio = 28.99%.
3. Annual Development Program (ADP):
ADP for 2015-16 = 100997 crore BDT including 3997
crore BDT for Autonomous Bodies.
First priority: Communication sector
= 21.88%; 20236 crore BDT
Second priority: Power (Electricity)= 15.33%, 15485 crore BDT
4. Inflation rate:
January = 6.04%
February = 6.14%
March = 6.27 %
April = 6.32%
May = 6.19%
June =6.25%
July = 6.37%
August = 6.17%
September = 6.24%
October = 6.19%
November = 6.05% ( Point to Point)
Consumer Price Index (CPI) = 220 (Oct' 2015)
December = 6.10%
5. Balance of payment, Remittances :
Import Payment (2014-15) : $40.70 billion
Export Receipt (2014-15) : $31.20 billion
Balance of Trade = -57.73 Million BDT (Sep' 2015)
Remittances :
FY2014-15 = $1530 cr. 7.6%
FY2013-14 = $1422 cr. 1.7%
FY2012-13 = $1446 cr.
Gold Reserve = 13.78 tons
Foreign Exchange Reserve=
27 Billion USD (29th OCT, 2015)
FDI = 1504 Million USD (2014)
Highest FDI from = Singapore
Crude Oil Production = 4.00 BBL/D/1k
6. Socio-Economic Context :
A. Per Capita Income = $1314
Capital Adequacy Ratio = 10.27%
Classified Loan = 9.67%
B. Poverty Rate :
Economic Review '2014 :
Poverty rate = 25.6%
Extreme poverty rate = 12%
Ministry of Planning (GED) : Feb'15
Poverty Rate = 24.47%,
Extreme Poverty Rate = 10.64%
C. Population growth rate :
Economic Review = 1.37%
World population report = 1.2%
population density 1035 per sq. km
D. Literacy rate =

62.3% (Economic Review, 2015)

57.9% (Economic Review, 2014)
57.7% (UNDP, 2014)
E. Unemployment Rate :
BBS = 4.50% (47% graduates are unemployed)
WB = 14.20%

$23 Billion = 26/02/2015

$15 Billion = 05/05/2013
$10 Billion = 10/12/2009

7. Banking % :
------------Average Monthly Interbank Rate
= 3.85% (Nov 30' 2015)
Average Interbank rate during 1997-2015
= 8.42%
Record Highest Interbank Rate
= 33.54% (Dec' 2010)
Record Lowest Interbank Rate
= 0.74% (Nov' 2009)
Bank rate = 5%
Repo = 6.75%
Reverse Repo = 4.75%
Special Repo = 10.25%
SLR for conventional banks = 13%
SLR for Islamic banks = 5.5%
CRR for Both Categories
= 6.0 % (Daily Basis)
= 6.5%. (Fortnightly basis)
CRR for NBFI = 2.5%
SLR for NBFI = 5%

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Monetary Policy : 2016(Jan-June)

8. Credit Rating of Bangladesh:

-------------------------------A. Standard & Poors:
Sovereign = BBForeign = BBT&C Assessment = BBOutlook = Stable
B. Moody's Stable Rating =Ba3
9. Wage Earners' Remittance Inflow:
2015-16: $7.26 billion [1st July to 25th December 2015]
2014-15: $15.32 billion
2013-14: $14.23 billion
2012-13: $14.46 billion
10. Monthly remittances inflow in FY2015-16:
July: $1.39 billion
August: $1.20 billion
September: $1.35 billion
October: $1.10 billion
November: $1.14 billion
December: $1.08 billion [up to 25th Dec, 2015]
11. Foreign Exchange Reserve:
$27 Billion = 29/10/2015
$26 Billion = 17/08/2015
$25 Billion = 25/06/2015
$24 Billion = 29/04/2015

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