Gdp in Bangladesh
GDP:
The growth of GDP in last year was above 6% but it has started to decline and is expected to go down below 5.7%. This is mainly because of the fall in export since export consist of 20% of GDP in Bangladesh. Moreover, investment and consumption also is decreasing along with the decline in growth in manufacturing and service sectors.
The growth of GDP in Bangladesh depend mainly on the industrial and the agricultural sectors. In FY2006-07, the growth rate was 6.43% that was estimated to be 6.42% by the BBS. This is mainly due to the decline in agricultural sector. Despite positive growth in the forestry sub-sector, the agricultural sector was largely affected by the Sidr, that had consequent effect on the agricultural sector till now.
The Asian Development Bank (ADB) recently projected the lowest GDP growth for Bangladesh in five years starting from 2009 due mainly to impacts of the global turnmoil. Thus the economic growth is slowing down because of decline in exports and remittances and lower domestic demand. Thus industrial growth is suffering.
.
According to provisional estimates, the rates of domestic and national savings stand at 20.08 and
29.23 % of GDP in FY 2007-08. It is to be noted that the rates for FY 2006-07 were 20.35
% and 28.66 % respectively. The rate of investment may decline to 24.16 % for
FY 2007-08 which stood at 24.46 % in the previous year. In the aggregate investment for
FY 2007-08, the public sector accounts for 5.01 % and private sector accounts for 19.15
%, which were recorded at 5.54 % and 19.02 % respectively in FY 2006-07.
Bangladesh's growth outlook remains fairly robust, down by only half a %age point to 5.6 % in 2009 (Table: 3).
Asian Development Bank forecasts dip in Bangladesh GDP for 2009-10
Apr 01, 2009 (BBC Monitoring via COMTEX) --
ADB predicted this year's growth at 5.6 %, down by 0.6 %age points of the previous year's achievement and around one %age point lower than the central bank's
The growth of GDP in last year was above 6% but it has started to decline and is expected to go down below 5.7%. This is mainly because of the fall in export since export consist of 20% of GDP in Bangladesh. Moreover, investment and consumption also is decreasing along with the decline in growth in manufacturing and service sectors.
The growth of GDP in Bangladesh depend mainly on the industrial and the agricultural sectors. In FY2006-07, the growth rate was 6.43% that was estimated to be 6.42% by the BBS. This is mainly due to the decline in agricultural sector. Despite positive growth in the forestry sub-sector, the agricultural sector was largely affected by the Sidr, that had consequent effect on the agricultural sector till now.
The Asian Development Bank (ADB) recently projected the lowest GDP growth for Bangladesh in five years starting from 2009 due mainly to impacts of the global turnmoil. Thus the economic growth is slowing down because of decline in exports and remittances and lower domestic demand. Thus industrial growth is suffering.
.
According to provisional estimates, the rates of domestic and national savings stand at 20.08 and
29.23 % of GDP in FY 2007-08. It is to be noted that the rates for FY 2006-07 were 20.35
% and 28.66 % respectively. The rate of investment may decline to 24.16 % for
FY 2007-08 which stood at 24.46 % in the previous year. In the aggregate investment for
FY 2007-08, the public sector accounts for 5.01 % and private sector accounts for 19.15
%, which were recorded at 5.54 % and 19.02 % respectively in FY 2006-07.
Bangladesh's growth outlook remains fairly robust, down by only half a %age point to 5.6 % in 2009 (Table: 3).
Asian Development Bank forecasts dip in Bangladesh GDP for 2009-10
Apr 01, 2009 (BBC Monitoring via COMTEX) --
ADB predicted this year's growth at 5.6 %, down by 0.6 %age points of the previous year's achievement and around one %age point lower than the central bank's