BANGLADESH COUNTRY PROFILE Official Name : People's Republic of Bangladesh Form of Government : Parliamentary Form of Government Head of the State : President Head of the Government : Prime Minister o o INTRODUCING DCCI 2014 Geographical Location : In South Asia: between 20 34 and 26 38 o o North Latitude and between 88 01 and 92 41 East Longitude Consists of mostly flat fertile alluvial land. Boundaries : North : India (West Bengal & Meghalaya), West: India (West Bengal), East: India, (Tripura & Assam) and Myanmar, South: Bay of Bengal Area : 147,570 sq. km (56,977 sq miles) (Territorial water- 12 nautical miles) Capital City : Dhaka Metropolitan Area 522 sq. kms. Standard Time : GMT +6 hours Climate : Tropical; Mild Winter (October to March); Hot, Humid Summer (March to June); Humid- Warm Rainy Monsoon (June to October) Rainfall : 1194 mm to 3454 mm (June- August) Population : 153.6 million (Projected, 2012-13) (Census 2011) Life expectancy : 67.9 years (men), 70.3 years (women), 69.0 (Both) Per Capita GDP : nominal : US $772 Internet domain : bd International dialling code : +880 Land boundaries : Total: 4,246 km (border countries: Myanmar 193 km, India 4,053 km) Highest peak : Keokradong (Bandarban Hill District) 1,230 m Labor force : by occupation: agriculture: 47.3%, industry: 17.64%, services: 35.06% Literacy Rate : 57.9 % (2010) Language : 95 percent Bengali, 5 percent other dialects. English is widely understood and spoken. Religion : Muslim (88.3%), Hindu (10.5%), Buddhist (0.6%), Christian (0.3%) and Animists and believers in tribal faiths (0.3%). Food : Rice, bread, fruits, vegetables, pulses, fish, meat and potato Currency : Taka (BDT) Principal Industries : Jute, Tea, Textiles, Ready Made Garments Major Trading Partners : USA, EU countries, India, China, Japan, South Korea, Australia, Malaysia, Hong Kong, Taiwan, Indonesia, Thailand, Saudi Arabia, UAE etc. Non-traditional Exports : Ready-made garments, Knitwear, Frozen Shrimps, Other Fish products, Jute Carpet, Shoes and other leather goods, Newsprint, Paper, Naphtha, Furnace Oil, Urea, Fruits & Vegetables, Cut Flower, Handicrafts, Jewelries. Principal Imports : Petroleum products, Food Grains, Oil seeds, Crude Petroleum, Fertilizer, Cement Clinker, Staple Fibers, Yarn, Fabrics, Iron, & Steel, Capital Machineries, Automobiles etc. International Airports : Dhaka International Airport, Dhaka, Shah Amanat International Airport, Chittagong and Osmani International Airport, Sylhet. Domestic Airports : Dhaka, Chittagong, Sylhet, Cox's Bazar, Thakurgaon, Syedpur, Rajshahi, Jessore, Barisal and Ishwardi. Domestic Airlines : Public Sector: Bangladesh Biman, Private Sector: GMG Airlines, Best Air, Royal Bengal and United Airways (BD.) Ltd. Sea Ports : Chittagong and Mongla Inland River Ports : Dhaka, Chandpur, Barisal, Khulna, Bhairab, Naryanganj, Sirajganj. Land Ports : Benapol, Teknaf, Banglabandha, Sonamasjid, Hili, Darshana, Birol, Burimari, Tamabil, Haluaghat, Akhaura, Bibirbazar and Bhomra. Radio Broadcast Station : Dhaka, Chittagong, Rajshahi, Khulna, Sylhet, Comilla, Rangamati and Thakurgaon. INTRODUCING DCCI 2014 Traditional Export Goods : Raw Jute, Jute Goods, Tea, Leather, and Leather Products etc. TV Broadcast : Dhaka, Natore, Chittagong, Brahmanbaria, Patuakhali, Noakhali Bangladesh Television, Chanel I, ATN Bangla, NTV etc. Press : The Daily Star, The Financial Express, New Age, Prothom alo, Jugantor, Ittefaq, Inquilab etc are some prominent dailies. News Agency : Bangladesh Sangbad Sangstha (BSS), UNB, Bdnews24.com etc. Satellite Station : Betbunia and Talibabad Tourist Season : October to March Exports - partners : USA 18.7%, Germany 15.8%, UK 10.2%, France 6.2%, Canada 4.3%, Italy 4.0%, Netherlands 2.7% (2012-13) Imports - partners : China 21.7%, India 16.3%, Malaysia 5.1%, Rep. of Korea 4.5%, Japan 4.1%, Singapore 3.7%, (2012-13) Communications : Railways: 2,877 km, Roadways: total: 21,482 km, Waterways: 24,000 km (Navigable 5968) Source: Bangladesh Economic Survey (Bengali)-2012 (MoF), BoI, EPB, BB, BBS Pocket Book and different Govt. published sources. 135.2 (1.5) 916 3330 56498 2520 10.78 6.27 24628 418 440 17.97 4.38 5.11 3.09 1.11 7.66 16.16 7.10 1.59 9.09 8.83 8.25 49.23 5.66 NATIONAL ACCOUNTS GDP at current price ( B illion Tk.) (Million US $) GDP at constant price (Billion Tk.) GDP Growth at current price (%) GDP Growth at constant price (%) Per Capita GDP at current price (Tk .) (US $) Per Capita Income (US $) AGRICULTURE & FORESTRY Contribution to GDP (%) Growth Rate (%) FISHERIES Contribution to GDP (%) Growth Rate (%) MINING &QUARRYING Cont ribution to GDP (%) Growth Rate (%) INDUSTRY (Manufacturing) Contribution to GDP (%) Growth Rate (%) POWER, GAS & WATER RESOURCES Contribution to GDP (%) Growth Rate (%) CONSTRUCTION Contribution to GDP (%) Growth Rate (%) SERVICE Contribution to GDP (%) Growth Rate (%) 2003 -04 49.41 6.36 9.03 8.31 1.64 8.90 16.51 8.19 1.14 8.38 5.00 3.65 17.27 1.80 3707 60385 2670 11.33 5.96 27061 441 463 137.0 (1.33) 928 2004 -05 49.02 6.40 9.14 8.31 1.65 7.67 17.08 10.77 1.16 9.26 4.86 3.91 16.98 5.23 4157 61971 2847 12 .14 6.63 29955 447 476 138.8 (1.31) 941 2005 -06 49.18 6.93 9.15 7.01 1.57 2.10 17.55 9.72 1.18 8.33 4.73 4.07 16.64 4.69 4725 68448 3030 13.65 6.43 33607 487 523 140.6 (1.30) 953 2006 -07 49.47 6.49 9.13 5.68 1.59 6.77 17.77 7.21 1.21 8.94 4.65 4.18 16.18 2.93 5458 79562 3217 15.52 6.19 38330 559 608 142.4 (1.30) 955 2007 -08 49.66 6.32 9.12 5.70 1.59 5.91 17.90 6.68 1.25 9.84 4.58 4.16 15.91 4.10 6148 89360 3402 12.64 5.74 42628 620 676 144.2 (1.26) 977 2008 -09 49.76 6.47 9.10 6.01 1.60 7.28 17.94 6.50 1.29 8.80 4.49 4.15 15.81 5.56 6943 100361 3608 12.94 6.07 47536 687 751 146.1 (1.32) 990 2009 -10 49 .60 6.21 9.10 6.51 1.60 6.63 18.42 9.45 1.26 4.85 4.43 5.44 15.58 5.09 7875 110650 3849 14.75 6.71 53236 755 816 147.9 (1.23) 1002 2010 -11 ECONOMIC INDICATORS OF BANGLADESH (2003-04 TO 2012-2013) POPULATION Population (Million) Population Growth Rate (%) Density per sq. km. INDICATORS INTRODUCING DCCI 2014 49.45 6.06 9.27 7.57 1. 69 12.03 18.96 9. 37 1.2 8 7.79 4.39 5.38 15.02 1.72 9148 115651 4094 14.82 6.32 63350 772 840 151.6 (1.37) 1027 2011 -12 49.32 6.57 9.37 8.05 1.73 8.57 19 .54 9.34 1.34 11.12 4.37 5.52 14.33 1.18 10380 133504 4337 13.46 6.03 67577 838 1044* 153.6 (1.37) 1040 2012 -13 284.16 FDI Inflow (mill. US$) PUBLIC FINANCE Current Revenue (Billion TK.) (as % of GDP) Tax Revenue (Billion TK.) (as % of GDP) Non -Tax Revenue (Billion TK.) (as % of GDP) Revenue Expenditure (Billion TK.) (as % of GDP) Tot al National Budget (Billion TK.) ADP allocation (Billion TK.) ADP utilization (Billion TK.) Disbursement (mill. US$) Loan Grants 205.00 187.71 190.00 168.17 215.00 194.73 448.7 (10.8) 361.6 (8.7) 86.9 (2.1) 380 .7 (8.8) 494.7 (10.5) 392.5 (8.3) 102.2 (2.2 ) 454.1 (9.6) 668.36 216.00 179.16 605.4 (11.1) 480.1 (8.8) 125.3 (2.3) 57 9.2 (10.6) 936.08 225.00 184. 55 INTRODUCING DCCI 2014 392.0 (10.6) 319.5 (8.6) 72.5 (2.0) 346.6 (9.0) 691.8 (11.3) 555.3 (9.0) 136.5 (2.2) 676.0 (10.9) 941.40 230.00 196.68 794.8 (11.4) 639.6 (9.2) 155.3 (2.2) 781.3 (9.9) 1105.23 285.00 259.17 2217 1605 612 1847 1189 658 2061 1403 658 1631 1041 590 1568 1067 501 1491 1257 234 1033 695 338 354.0 (10.6) 283.0 (8.5) 71.0 (2.1) 283.9 (8.5) 2946 2430 556 2444 2021 423 913.02 905 3963 221.99 4868 16205 4.11 23738 5.5 -7533 10987 3146 10750 2009 -10 2842 1880 962 960.59 2137 2481 148.03 4618 15565 10.31 22507 4.0 6 - 6942 9689 2515 7471 2008 -09 2256 1528 728 768.69 787 2834 302.19 3621 14111 15.89 21629 26.06 - 7518 7915 1184 6149 2007 -08 1787 1159 628 792.74 1728 2849 152.37 4577 12178 15.69 17157 16.07 - 4979 5978 929 5077 2006 -07 1552 1207 345 744.61 3621 2662 11 2.89 6483 10526 21.6 14782 12.0 -4256 4802 714 3484 2005 -06 1923 1036 887 803.78 863 2281 118.52 FOREIGN ASSISTANCE Commitment (mill. US$) Loan Grants 3144 458 2313 115.04 8655 11.8 13147 20.6 - 4492 3848 - 38 4 2930 2004 -05 2771 7603 16.1 10903 12.90 - 3300 3372 511 2705 2003 -04 INVESTMENT In BOI & EPZ Investment registered at BOI (Million US$) (Proposal) Foreign Direct Investment (Million US$) Domestic Investment (mill. US$) Investment in EPZ (mill. US $) TRADE AND BALANCE OF PAYMENT Exports (Million US$) Export Growth (%) Import (Million US$) Import Growth (%) Trade Balance (Million US$) Worker’s Remittance (Million US$) Current Account Balance (Million US$) Foreign Exchange Reserve (Million US$) INDICATORS 951.9 (11.90 ) 790.5 (9.9 ) 161.36 (2.05) 841.8 (10.68 ) 1300.11 358.8 328.55 1777 1032 745 5968 5338 630 789.04 5132 7780 313.23 12912 22924 41.46 33658 41.78 -10734 11650 1150 10912 2010 -11 1396.7 (13.4 5) 1168.2 (11.25) 228.46 (2.2) 1129 (10.88) 1893.26 573.8 522.8 380.2 4934 (Mar’13) 4366 568 1863 (Mar’13) 1399 464 6324 (Feb’ 13) 2565 3759 150.37 (Dec’12) 1292 .56 27018 11.18 33969 -4.35 -6951 14461 1794 15315 2012 -13 1183.9 (12.90) 957.9 (10.5) 226 (2.5) 1021.3 (11.16 ) 1612.13 410. 8 2126 1538 588 4765 3323 1442 1136.38 4351 6751 339.26 11112 24288 5.93 35516 5.52 -11228 12843 1917 10364 2011 -12 143.90 5.83 5.64 CONSUMER PRICE (NATIONAL) Index (1995 -96 =100) Inflation (12 – month average) Inflation (point -to -point) 24.5 18.3 6.2 25.8 20.0 153 .24 6.48 7.35 354.04 1514.46 1415.87 1475.61 368.22 1107.39 5.0 61.39 2004 -05 24.7 18.7 6.0 27.7 20.3 164.78 7.16 7.54 426.52 1806.74 1687.32 1777.43 467.69 1309.74 5.0 67.08 2005 -06 24.5 19.0 5.5 28.7 20.3 176.06 7.20 9.20 501.68 2115.04 1952.05 2042.68 534.95 1521.77 5.0 69.03 2006 -07 24.2 19.3 4.9 30.2 20.3 193.54 9.94 10.04 593.14 2487.95 2316.05 2486.77 585.42 1901.35 5.0 68.60 2007 -08 24.4 19.7 4.7 29.6 20.1 206.43 6.66 2.25 664.27 2964.99 2793.91 2885.52 706.25 217 9.27 5.0 68.80 2008 -09 24.4 19.4 5.0 30.0 20.1 221.5 7.31 8.70 879.88 3630.31 3379.20 3402.14 694.53 2707.61 5.0 69.18 2009 -10 25. 2 19.5 5.6 28. 8 19.3 241.02 8.80 10.17 985.44 4405.20 4104.44 4335.25 928.13 3407.12 5.0 71.22 2010 -11 26.5 20.0 6. 5 29. 2 19. 3 266.61 10.62 8.56 1097.21 5171.09 5182.10 5182.14 1103.13 4079.01 5.0 79.10 2011 -12 26.8 19.0 7. 8 29.5 19.3 287.14 7.7 7.97 1182.95 5918.82 5236.44 5882.81 1353.56 4529.25 5.0 77.75 2012 -13 Compiled by: Research Cell, Dhaka Chamber of Commerce & Industry (DCCI), 65-66 Motijheel C/A, Dhaka-1000 Sources: i) Bangladesh Economic Survey (Bengali), 2013 (MOF); ii) Economic Trends, August, 2013 and Monthly Major Economic Indicators, July, 2013 (BB); iii) Export Statement (EPB) iv) Import Statement (BB); v) Implementing, monitoring & evaluation division, Ministry of Planning; vi) Bangladesh Bureau of Statistics * Base Year 2005-06 24.0 17.8 6.2 25.4 19.5 304.48 1297.23 1215.76 1255.51 309.17 946.34 5.0 58.94 MONEY AND BANKING Money Supply (M1) (billion TK.) Money Supply (M2) (billion TK.) Deposit Money Bank (billion TK.) Total Domest ic Credit (billion. TK.) a) Public Sector b) Private Sector Bank Rate (%) Average Exchange Rate 1US$ =TK. SAVINGS AND INVESTMENT (as % of GDP) Gross Investment Gross Investment in private sector Gross Investment in public sector National Savings Domestic Savings 2003 -04 INDICATORS INTRODUCING DCCI 2014 Graphical Representation of Economic Indicators of Bangladesh (2003-04 to 2012-13) GDP 160 140 120 80 60 40 20 0 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 INTRODUCING DCCI 2014 Billion US $ 100 GDP Composition Agriculture 20.04% Service 49.32% Industry 30.64% Graphical Representation of Economic Indicators of Bangladesh (2003-04 to 2012-13) Million US $ Export and Import 40000 35000 30000 25000 20000 15000 10000 5000 0 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 INTRODUCING DCCI 2014 Export Import Percapita Income 1200 1000 800 US $ 600 400 200 0 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 Graphical Representation of Economic Indicators of Bangladesh (2003-04 to 2012-13) Foreign Exchange Reserve and Remittance 16000 14000 12000 10000 8000 6000 4000 2000 0 2004-05 2005-06 2006-07 2007-08 2008-09 Foreign Exchange Reserve 2009-10 2010-11 2011-12 2012-13 Remittance INTRODUCING DCCI 2014 2003-04 Savings and Investment and Revenue Earning & Revenue Expenditure as Percentage of GDP 35 30 Percentage 25 20 15 10 5 0 2003-04 2004-05 2005-06 Gross Investment 2006-07 2007-08 National Savings 2008-09 2009-10 Revenue Earning 2010-11 2011-12 2012-13 Revenue expenditure Note XvKv †P¤^vi Ae Kgvm© A¨vÛ BÛvw÷ª DHAKA CHAMBER OF COMMERCE & INDUSTRY Dhaka Chamber Building, 65-66 Motijheel C/A, Dhaka-1000, Bangladesh Tel : 88-02-955 4383, 955 2562, Fax: 88-02-956 0830, 9550103 E-mail: [email protected], Web: www.dcci.org.bd The Best of Bangladesh is Business®