Preview

Gdp and Tex Relation in Bangladesh

Satisfactory Essays
Open Document
Open Document
3460 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Gdp and Tex Relation in Bangladesh
1. Trend of GDP:
Economic Factors Affecting the Fiscal Framework:
A Comparison between FY 2012-16 and FY 2013-17 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016- 17 | Nominal GDP(Billion Taka) | | | | | | | FY 12-16 MTMF | 8996.7 | 10240.2 | 11677.5 | 13341.0 | 15226.2 | 17645.0 | FY 13-17 MTMF | 9147.8 | 10413.6 | 11857.2 | 13566.9 | 15482.3 | | Nominal GDP Growth (%) | | | | | | | FY 12-16 MTMF | 14.2 | 13.8 | 14.0 | 14.2 | 14.1 | | FY 13-17 MTMF | 14.8 | 13.8 | 14.0 | 14.2 | 14.1 | 14.0 | Real GDP Growth (%) | | | | | | | FY 12-16 MTMF | 7.0 | 7.2 | 7.6 | 8.0 | 8.2 | | FY 13-17 MTMF | 6.3 | 7.2 | 7.6 | 8.0 | 8.3 | 8.7 | Export Growth (%) | | | | | | | FY 12-16 MTMF | 14.3 | 14.5 | 14.5 | 15.0 | 15.0 | | FY 13-17 MTMF | 14.5 | 14.5 | 14.5 | 15.0 | 15.0 | 15.0 | Import Growth (%) | | | | | | | FY 12-16 MTMF | 14.0 | 14.0 | 14.5 | 14.5 | 15.0 | | FY 13-17 MTMF | 15.0 | 15.0 | 15.0 | 15.5 | 15.5 | 15.5 | Remittance Growth (%) | | | | | | | FY 12-16 MTMF | 10.0 | 12.0 | 12.0 | 12.0 | 12.0 | | FY 13-17 MTMF | 11.0 | 12.0 | 12.0 | 12.0 | 12.5 | 12.5 | GDP Deflator (% change) | | | | | | | FY 12-16 MTMF | 6.8 | 6.2 | 6.0 | 5.8 | 5.5 | | FY 13-17 MTMF | 7.6 | 6.3 | 6.0 | 5.8 | 5.4 | 4.9 |

From the table it can be said, the GDP is increasing from year 2011-2016. As Bangladesh is a developing country, maintaining a positive growth in GDP is a big challenge. The major challenges are power and energy shortage, infrastructure bottlenecks, increases in fuel and non-fuel commodity prices in the international market, uncertainty in remittance growth, upward inflationary pressure, underutilization of the ADP, a downward trend in foreign aid utilization over the past few years, increased Bank borrowing by the government, increased pressure for subsidy, exchange rate instability and pressure on foreign exchange reserve. After overcoming these
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Barriers to Economic Growth in Bangladesh
    • 1878 Words
    • 8 Pages

    Barriers to Economic Growth in Bangladesh

    The economy has improved dramatically in the 1990’s, however Bangladesh still suffers from major growth deficiencies in several areas such as foreign trade in the South Asian region. Efforts to fulfill Bangladesh’s macroeconomic targets have been complicated mainly due to various factors including the country’s large population (Bangladesh is the most densely populated country in the world), and corruption within the government to name just a few. Other major obstacles for Bangladesh to overcome in order to achieve growth include the inefficiency of state owned enterprises, inadequate power supplies and slow implementation of economic reforms. Even though Bangladesh has made some progress improving the conditions for foreign investors and liberalizing the capital markets, foreign investors in a range of sectors are still increasingly frustrated with the politics of confrontation, the level of corruption, slow rate of reform and privatization and deregulation of the public…

    • 1878 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Export-Import Overview of Bangladesh
    • 5304 Words
    • 22 Pages

    Export-Import Overview of Bangladesh

    I. Introduction GDP growth of Bangladesh has been 5 per cent and above in the past decade or so with increasing exports, imports and remittance. Ratio of total trade (exports plus imports) to GDP rose from 17.6 percent in 1990 to around 29.4 percent in 2002 (World Bank, 2005). Export growth is often considered to be a principal determinant of production and employment growth in an economy. It is also argued that foreign currency made available through export earnings facilitates import of capital goods, which in turn increases production potential of an economy.…

    • 5304 Words
    • 22 Pages
    Powerful Essays
    Read More
  • Good Essays

    Imf vs Cso
    • 677 Words
    • 3 Pages

    Imf vs Cso

    GDP growth is one of the major indicators for understanding the economic activity of the country but is not the only indicator.GDP has certain shortcomings like data is not very timely - it is only released quarterly. Revisions can change historical figures measurably (the difference between 6% and 6.5% GDP growth can impact the monetary policy. Also GDP does not take into account non market transactions and GDP falls in case if product quality improves. Also GDP does not take into account the environmental cost of growth.…

    • 677 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Current Balance of Payment Situation of Bangladesh
    • 1120 Words
    • 5 Pages

    Current Balance of Payment Situation of Bangladesh

    Bangladesh is an emerging economy in the world. The improvement of its economy also depends on the performance of its BoP.…

    • 1120 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    Economic Condition Analysis Bangladesh
    • 3390 Words
    • 14 Pages

    Economic Condition Analysis Bangladesh

    The economy of Bangladesh is rapidly developing market-based economy. According to the International Monetary Fund, Bangladesh ranked as the 43rd largest economy in the world in 2010 in PPP terms and 57th largest in nominal terms, among the Next Eleven or N-11 of Goldman Sachs and D-8 economies. The economy has grown at the rate of 6-7% per annum over the past few years. More than half of the GDP is generated by the service sector; while nearly half of Bangladeshis are employed in the agriculture sector. Other goods produced are textiles, jute, fish, vegetables, fruit, leather and leather goods, ceramics, ready-made goods. Remittances from Bangladeshis working overseas, mainly in the Middle East, are the major source of foreign exchange earnings; exports of garments and textiles are the other main sources of foreign exchange earnings. Ship building and cane cultivation have become a major force of growth. GDP 's rapid growth due to sound financial control and regulations has also contributed to its growth; however, foreign direct investment is yet to rise significantly. Bangladesh has made major strides in its human development index.…

    • 3390 Words
    • 14 Pages
    Powerful Essays
    Read More
  • Good Essays

    The Growth of Balance of Payments and Sectoral Growth of Bangladesh
    • 3676 Words
    • 15 Pages

    The Growth of Balance of Payments and Sectoral Growth of Bangladesh

    Here is the recommendation term paper on “the growth of balance of payments and sectoral growth of Bangladesh” that you authorized in your letter on 28th April, 2012.…

    • 3676 Words
    • 15 Pages
    Good Essays
    Read More
  • Good Essays

    Bangladesh National Budget 2011-2012
    • 1801 Words
    • 8 Pages

    Bangladesh National Budget 2011-2012

    Bangladesh will be able to achieve seven percent gross domestic product (GDP) growth in the next fiscal year provided the country can effectively manage internal and external setbacks.…

    • 1801 Words
    • 8 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Role of Marketing in the Economy of a Developing Country Like Bangladesh
    • 352 Words
    • 2 Pages

    Role of Marketing in the Economy of a Developing Country Like Bangladesh

    The economy of Bangladesh is a rapidly developing market-based economy. Its per capita income in 2010 was est. US$1,700 (adjusted by purchasing power parity). According to the International Monetary Fund, Bangladesh ranked as the 44th largest economy in the world in 2011 in PPP terms and 57th largest in nominal terms, among the Next Eleven or N-11 of Goldman Sachs and D-8 economies, with a gross domestic product of US$269.3 billion in PPP terms and US$104.9 billion in nominal terms. The economy has grown at the rate of 6-7% per annum over the past few years.…

    • 352 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Sector Wise Gdp of Bangladesh & World Countries
    • 1051 Words
    • 5 Pages

    Sector Wise Gdp of Bangladesh & World Countries

    Assignment # 01 CONTRIBUTION OF AGRICULTURE, INDUSTRIES AND SERVICE SECTORTO GDP IN BANGLADESH FROM LATE 1950 TO TILL NOW Prepared For: Prof. M.Z. Mamun Course Instructor: Operation ManagementPerpared by:Shamima NasrinID No. 092051058MBA Program University of Liberal Arts Bangladesh, (ULAB) October 23, 2009 Th e gros s dom es t i c p rod u ct ( GDP ) o r gros s dom es t i c i nc om e ( GD I) i s a ba s i cmeasure of a country's overall economic performance. It is the market value of allfinal goods and services made within the borders of a country in a year. It is oftenpositively correlated with thestandard of living. In t h e na m e "G ro ss Dom es t i c Product”, "Gross" means that GDP measures production regardless of the varioususes to which that production can be put. "Domestic" means that GDP measuresproduction that takes place within the country's borders.Bangladesh is a based on agriculture country because majority percent people arefarmer. A brief discussion of Bangladesh economy may help us to understand itsGDP. Economy of Bangladesh is composed of three main sectors 1. Agriculture, 2.Industry, 3. Service.Agriculture sector includes crops, forestry, livestock & fisheries. Main agricul turefood products are cereals, pulses, gur/sugar, milk, meat, fish, fruits, vegetables, oiletc. Major industrial crops are tea, jute, tobacco etc. Total cultivable area was 2.26core areas in the survey of 1983-84, which decreased to 1.64 core areas in 1995-96. There are three categories of industries of industry in Bangladesh- Large ScaleIndustries, Medium Scale Industries & Small Cottage Industries.Major industries are referred in the following—1. Fo od , B ev e r a ge & T ob a c c o.2 .T ex t i l e, A pp a re l a nd l e a t h er .3 .W oo d 7 w oo d pr od uc t s. 4.P ap e r, P a p er p ro du ct s.5 .C h em i c al s an d C hem i c al pr odu ct 6. No n - m et a l l i c Mi n er al p ro du ct s.7 . B asi c Me t a l i ndu s t ri es. 8. F a br i c a t ed M et al p ro du ct s .…

    • 1051 Words
    • 5 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Analysis of Supply Dynamics of banking industry of Bangladesh
    • 6815 Words
    • 28 Pages

    Analysis of Supply Dynamics of banking industry of Bangladesh

    The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. The economy of Bangladesh is a rapidly developing market-based economy. Its per capita income in 2013 was estimated to be US$847.34 (adjusted by GDP Per Capita). According to the International Monetary Fund, Bangladesh ranked as the 44th largest economyin the world in 2012 in PPP terms and 57th largest in nominal terms, among the Next Eleven (N-11) of Goldman Sachs and D-8economies, with a gross domestic product of US$306 billion in PPP terms and US$115.6 billion in nominal terms. The economy has grown at the rate of 6-7% per annum over the past few years. More than half of the GDP is generated by the service sector; while nearly half of Bangladeshis are employed in the agriculture sector. Other goods produced are textiles, jute, fish, vegetables, fruit, leather and leather goods, ceramics, ready-made goods.…

    • 6815 Words
    • 28 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    budget of bangladesh
    • 887 Words
    • 4 Pages

    budget of bangladesh

    the developed countries and by 8.4 percent in the emerging and developing economies, import growth of Bangladesh stood at 4.1 percent in 2008-09. In the first ten months i.e. up to April of Fy2009-10, import expenditure has increased by 0.8 percent compared to the corresponding period of the previous financial year. Import…

    • 887 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Manufacturing Industry in Bangladesh and Malaysia
    • 352 Words
    • 2 Pages

    Manufacturing Industry in Bangladesh and Malaysia

    Bangladesh economy achieved an economic growth of 5.8% during 2000-2009. The economy is rapidly growing. The per capita income in 2010 was around $1,700. Garment industry dominates Bangladesh, which grew at double-digit rates through most of the 1990s. About 1.5 million people, mostly women, were employed in the garments sector by late 1990s. Bangladesh’s export was dominated by garments. It represented around 52% of Bangladesh’s total exports worth around $3125 million. Bangladesh overtook India in apparel exports. India had exports of $2.27 billion while Bangladesh’s was $2.27 billion. Bangladesh is known for its muslin and silk fabric. Other industries which have shown very strong growth include the chemical industry, steel industry, mining industry and the paper and pulp industry.…

    • 352 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Bank Notes
    • 1614 Words
    • 7 Pages

    Bank Notes

    Bangladesh will have within a decade a sizable industrial sector where manufacturing will account for at least 25% of the GDP & at least 20% of the employed workforce. This will mean a considerable rise from the figure of 10% around which the sectors share in GDP & employed population have hovered for most of the past two decades.…

    • 1614 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    Agriculture in Bangladesh
    • 917 Words
    • 4 Pages

    Agriculture in Bangladesh

    Bangladesh has a primarily agrarian economy. Agriculture is the single largest producing sector of the economy since it comprises about 18.6% (data released on November, 2010) of the country's GDP and employs around 45% of the total labor force.[1] The performance of this sector has an overwhelming impact on major macroeconomic objectives like employment generation, poverty alleviation, human resources development and food security.…

    • 917 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    The recent inflation situation of Bangladesh
    • 2202 Words
    • 9 Pages

    The recent inflation situation of Bangladesh

    In response to your assignment we are submitting our task. We have tried to make it more informative and realistic. We think that we have done it and…

    • 2202 Words
    • 9 Pages
    Good Essays
    Read More

Related Topics