GDP

The term GDP means Gross Domestic Product. GDP is arguably the most important of all economic statistics as it attempts to capture the state of the economy in one number. GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory. GDP = C + G + I + NX where: "C" is equal to all private consumption, or consumer spending, in a nation's economy "G" is the sum of government spending "I" is the sum of all the country's businesses spending on capital "NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports).

Formula
GDP = consumption + investment + (government spending) + (exports imports)

Graph of the GDP (Gross Domestic Product) of last 20 years

G PG D rowth R te a

7 6 5 4 3 2 1 0
19 90 19 92 19 94 19 96 19 98 20 00 20 02 20 04 20 06 20 08

R in % ate

GDP (% )

Y ear

Twenty years GDP of Bangladesh are given below

Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Growth rate (%) 4.603 4.203 4.801 4.324 4.513 4.77 5.013 5.304 5.044 5.421 5.6 4.834 4.845 5.776 6.108 6.302 6.525 6.305 6.032 5.429

Source: (1) Economy Watch (http://www.economywatch.com/economic-statistics/country/Bangladesh/)

(2) Bangladesh Bank

www.bb.org.bd

Current Account Balance

In economics, the current account is one of the two primary components of the balance of payments, the other being the capital. The current account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). One may refer to the list of countries by current account balance. It can also be said A record of a country's earnings from the sale of visible and invisible items minus its expenditure on visible and invisible items from abroad. Current account balance (% GDP) for the last 20 years of Bangladesh are given below Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Current Account Balance -3.1 -1.1 0.4 0.4 -0.9 -2.3 -2.4 -1.534 -1.05 -0.875 -1.44 -0.912 0.336 0.323 -0.322 0.012 1.172 1.121 1.915 2.86

Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Source: (1) Economy Watch (http://www.economywatch.com/economic-statistics/country/Bangladesh/) (2) Bangladesh Bank www.bb.org.bd

Trend of Current Account Balance (% GDP) for Bangladesh

4 3 2 1
Balance
C urr.A/C B alance

0 -1 -2 -3 -4
Y ear

19 90 19 93 19 96 19 99 20 02 20 05 20 08

Exchange Rate of BDT to US$

Rate at which one currency may be converted into another is known as Exchange Rate. The exchange rate is used when simply converting one currency to another (such as for the purposes of travel to another country), or for engaging in speculation or trading in the foreign exchange market. There are a wide variety of factors which influence the exchange rate, such as interest rates, inflation, and the state of politics and the economy in each country also called rate of exchange or foreign exchange rate or currency exchange rate

Lists of Exchange rate from Year 1991-2010

Year 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 Source: Bangladesh Bank report. www.bb.org.bd Taka per US$ 36.59 38.95 39.14 40.00 40.20 40.84 42.70 45.46 48.06 50.31 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Taka per US$ 53.96 57.43 57.90 58.94 61.39 67.08 69.03 68.60 68.80 69.18

Trend of Exchange Rate:

80 70 60 50 40 30 20 10 0
19 91 19 94 19 97 20 00 20 03 20 06 20 09

R te of E a xcha e ng

B T/US D $

Y r ea

GNI
Definition
Gross National Income comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), and less similar payments made to other countries.

Last 20 years GNI of Bangladesh:

Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 GNI($Billions) 57.975 62.065 66.932 71.735 76.528 81.902 87.265 93.831 99.863 106.458 Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 GNI($Billions) 115.491 124.113 133.103 144.386 157.422 172.088 192.058 213.235 234.399 250.648

Trends of GNI

Source:
http://www.google.com/publicdata? ds=wbwdi&met=ny_gnp_mktp_pp_cd&idim=country:USA&dl=en&hl=en&q=gni+of+usa

Inflation
Definition
Inflation means a sustained increase in the aggregate or general price level in an economy. Inflation means there is an increase in the cost of living. In another word Inflation means that your money wont buy as much today as you could yesterday

Definition of Inflation rate (consumer prices)

This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.

Lists of Inflation Rate from 1990-2009

Year 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Inflation rate
(Consumer Price)

Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Inflation Rate
(Consumer Price)

8.0 3.8 3.0 3.5 8.8 7.0 2.6 7.0 9.0 9.0

5.8 5.8 3.1 5.6 6.0 7.0 7.2 9.1 8.9 5.4

Source: (1) CIA World Factbook.

(2) Bangladesh Bank. (3) Bangladesh Bureau of Statistics.

Graph of Inflation Rate in Bangladesh

Inflation R in BD ate

1 0 8 6 4 2 0

Inflation point in%

Inflaton Rate

19 91 19 94 19 97 20 00 20 03 20 06 20 09
Y ear

Remittance
In general Remittance means a payment of money sent to a person in another place. In another sense Money (or its representative, as a bill of exchange or draft or other order for money) forwarded from one place to another is known as remittance; also, the act of forwarding it is remittance. It can also be said as Funds forwarded from one person to another

Twenty years Remittance of Bangladesh are given below

Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Remittance
(US$ million)

Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Remittance
(US$ million)

781.54 769.30 901.97 1009.09 1153.54 1201.57 1355.34 1525.03 1599.24 1705.74

1949.32 2,104.5 2897.76 3226.18 3517.76 4178.82 5425.98 6570.96 9258.6 10104.96

Total No. of People Officially remittance Sent by Them During 1990-2009

Source: Bangladesh Bank updated June 2008.

Trends of Remittance in US$(million)

12000 10000 8000 US $ 6000 4000 2000 0 1990 1993 1996 1999 2002 2005 2008 Y ear
Re ittanc m e

Unemployment Rate
The percentage of the work force that is unemployed at any given date is known as unemployment rate. An economic condition marked by the fact that individuals actively seeking jobs remain unfired. Unemployment is expressed as a percentage of the total available work force. The level of unemployment varies with economic conditions and other circumstances. Unemployment is a serious social evil & the rate of unemployment is an indicator of the health of an economy"

List of unemployment in Bangladesh are given below: Year 1996 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Unemployment Rate (%) 35.20 4.3 35.20 35.20 40.00 40.00 40.00 40.00 2.50 2.50 2.50 2.50 5.10

Source: Ministry of Labor & Employment, ILO

www.mole.gov.bd

Graph of unemployment rate

40 35 30 25 20 15 10 5 0 1996 2000 2002 2004 2006 2008 2010

Note: Here, I provided only 12 years data because of unavailability of required information.

Uneploym ent R ate