CONTENTS

Preface
Introduction
Contents
List of Tables ix-xii
List of Figures xiii
List of Boxes xiv
List of Statistical Appendices xv-xviii
List of Abbreviations and Acronyms xix-xxxvi
Socio-Economic Indicators of Bangladesh xxxvii-xxxviii
Executive Summary xxxix-xlv

Macro Chapters

Chapter 1. Macroeconomic Situation 1-18

Chapter 2. GDP, Savings and Investment 19-28
Chapter 3. Prices, Wages and Employment 29-44
Chapter 4. Fiscal Policy and Fiscal Management 45-58
Chapter 5. Monetary Management and Financial Market Development 59-78
Chapter 6. External Sector 79-96

Sectoral Chapters
Chapter 7. Agriculture 97-112
Chapter 8. Industry 113-132
Chapter 9. State Owned Enterprises 133-138
Chapter 10. Power and Energy 139-158
Chapter 11. Transport and Communication 159-182
Thrust Area Chapters

Chapter 12. Human Resource Development 183-202

Chapter 13. Poverty Alleviation 203-226
Chapter 14. Private Sector Development 227-244
Chapter 15. Environment and Development 245-265

Statistical Appendices 267-356

Contributors

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 LIST OF TABLES
Table Title Page

1.1 Overview of the World Output Growth projections 03

1.2 Overview of World Inflation Projections 03
1.3 Medium Term Macroeconomic Framework, FY2016-17to FY2018-19: Key Indicators 17
2.1 GDP, GNI, Per Capita GDP and GNI at Current Market Prices 20
2.2 Gross Domestic Product (GDP) at Current Market Prices 20
2.3 Sectoral Growth Rate of GDP at Constant Prices 21
2.4 Sectoral Share of GDP at Constant Prices 24
2.5 Trend of Structural Transformation of Broad Sectoral Shares in GDP and Growth Rate at 25
Constant Prices
2.6 Expenditure Based Gross Domestic Product at Current Prices 26
2.7 Consumption, Savings and Investment (As percent of GDP)(Base Year:2005-06) 26
3.1 Consumer Price Index and Inflation (Base year 2005-06) 30
3.2 Monthly Rate of Inflation (Point to point) during FY2016-17 (Base Year 2005-06=100) 31
3.3 Wage Rate Index and Growth Rate (Base year 1910-11=100) 31
3.4 Share of Employed Labour Force Above 15 years by Sector 32
3.5 Number of Expatriate Employees and Amount of Remittance 37
3.6 Remittance as Percent of GDP and Export Earnings 38
3.7 Number of Expatriates Classified by Skill 38
3.8 Number of Expatriate Bangladeshi Workers by Country 40
3.9 Country wise Remittances 40
4.1 Revenue Receipts 45
4.2 Item wise Revenue Collection 49
4.3 Public Expenditure (Revised Budget) 50
4.4 ADP Allocation RADP Allocation and Expenditure 51
4.5 ADP Allocation and its Composition by Major Sectors 52
4.6 Quantum of Resources (Domestic and Foreign) in Financing Revised ADP 53
4.7 Overall Budget Balance and Financing 54
4.8 Government Domestic Borrowing (net) from Different Sources 55
4.9 Government Borrowing from External Sources 56
4.10 Budget at a Glance 57
5.1 Trends in Monetary Aggregates (Year-on-Year Growth) 60
5.2 Money and Credit 61
5.3 Reserve Money and Its Components 63
5.4 Reserve Money and Its Sources 63
5.5 Income Velocity of Money 65
5.6 Structure of the Banking System in Bangladesh (End June 2017) 67
5.7 Securities Trading Information in Dhaka Stock Exchange 75
5.8 Securities Trading Information in Chittagong Stock Exchange 77
6.1 World Trade Volume (Percent Change) 80
6.2 Balance of Payments 81
6.3 Export Earnings Composition and Growth of Export Income 82

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 Table Title Page

6.4 Country-wise Export Earnings 83

6.5 Commodity-wise Import Payment 83
6.6 Country-wise Import Payments 84
6.7 Weighted Average Exchange Rate (Taka per US$) 85
6.8 Foreign Exchange Position 85
6.9 Tariff Structure from FY2000-01 to FY2016-17 88
6.10 MFN Unweighted Import Average 89
7.1 Food Grains Production 98
7.2 Seed Production and Distribution through Seed Multiplication Farms and Contract Growers’ 100
Zones
7.3 Use of Chemical Fertiliser 101
7.4 Area Under Irrigation 102
7.5 Year-wise Disbursement and Recovery of Agricultural Credit 103
7.6 Fish Production Trends in Different Resources 106
7.7 Production Statistics of Carp Spawn/ Fingerlings from Hatcheries 107
7.8 Number of Livestock and Poultry Population in Bangladesh. 110
7.9 Production of Milk, Meat and Eggs 110
7.10 Major Activities of DLS 111
8.1 Volume and Growth Rate of Manufacturing Sector (At constant prices of 2005-06) 114
8.2 Quantum Index of Production for Medium to Large Scale Manufacturing Industries (Base 115
2005-06)
8.3 SME Financing by Banks and NBFIs 116
8.4 Overall Status of Refinance Schemes in SME Sectors 116
8.4.1 Summary Information of Refinancing to SMEs under Bangladesh Bank Fund (June 2017) 117
8.4.2 Summary Information on SME Refinancing from IDA (EGBMP) Fund 117
8.4.3 Summary Information on CMSME Refinancing from SMESDP Fund (ADB Fund-1) 117
8.4.4 Summary Information on SME Refinancing from SMEDP Fund (ADB Fund-2) 117
8.4.5 Summary Information on SME refinancing from JICA Fund 118
8.4.6 Summary Information on SME Refinancing from New Entrepreneurs Fund 118
8.4.7 Summary Information on SME Refinancing from Islamic Shariah based Refinance Fund 118
8.5 Disbursement and Recovery of Industrial Loan (From FY2005-06 to FY2016-17) 120
8.6 Investment and Employment Generation in Small and Cottage Industries Sector (June 2017) 121
8.7 Target and Achievement of Sugar Production 121
8.8 Net Profit/(Loss) of BSEC Enterprises 122
8.9 Year-wise Installed Capacity and Production of BTMC 123
8.10 Distribution of Loan, Recovery and Recovery Percentage by Bangladesh Handloom Board 124
8.11 Production of Disease Free Laying (DFLs) Cocoon Silk, Yarn Training and Microcredit 124
Disbursement
8.12 Raw Jute Production Consumption and Export 125
8.13 Production, Local Consumption Export and Export Earning of Jute Goods 125
8.14 Zone wise Statistics of Industries Investment Export and Employment of EPZs (June 2016) 126
8.15 Product wise Enterprises Investment and Employment in EPZs 127
8.16 EPZ wise Investment and Export 127
8.17 Export of Drugs and Raw Materials 128
9.1 Growth Rate of Revenue, Value Addition and Production Income of Non-financial SOEs 134

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Table Title Page

9.2 Government Grant/Subsidy 136

9.3 Profit earned by the SOEs 137
10.1 Installed Capacity and Maximum Generation 141
10.2 Fuel Consumption by Public Power Plants 141
10.3 Power Sector Development and Future Plan 142
10.4 Power Generation Projects(Under construction) 142
10.5 Transmission System and Substation Infrastructure by PGCB 143
10.6 Year-wise System Loss Statistics 144
10.7 Year wise Accounts Receivable 144
10.8 Physical Target and Achievement of BREB 145
10.9 Status of Gas Production and Reserve 149
10.10 Production of Natural Gas and its Consumption by Sector 150
10.11 Sector-wise Average Gas Demand 151
10.12 Coal Fields of Bangladesh 152
10.13 Import of Crude Oil 153
10.14 Import of Refined Petroleum Products 153
10.15 Amount of Subsidy given to BPC by the Government 154
11.1 Various Categories of Roads under Roads and Highways Department 160
11.2 Achievement in Transport Infrastructure Development under LGED 161
11.3 Revenue Target and Collection of BRTA 162
11.4 Revenue Target and Collection of BRTC 163
11.5 Description of the toll realized from Bangabandhu Bridge 165
11.6 Overall Performance of Bangladesh Railway 169
11.7 Income and Expenditure of BIWTA 170
11.8 Development and Maintenance Works of BIWTA 171
11.9 Income and Expenditure Statement of BIWTC 172
11.10 Income and Expenditure of CPA 172
11.11 Income, Expenditure and Profit/Loss of Mongla Port 173
11.12 Income and Expenditure of Bangladesh Land Port Authority 174
11.13 Income and Expenditure of the Department of Shipping 174
11.14 Statement of Income-Expenditure and Profit-Loss of BSC 175
11.15 Financial Position of CAAB 177
11.16 Income and Expenditure of Biman 177
11.17 Subscriber Number, Growth and Tele-density of Mobile and Fixed Phone 179
11.18 Number of Subscribers of Different Mobile Operators (up to June 2017) 179
11.19 Year wise Income and Expenditure of BTCL 179
11.20 Income and Expenditure of Bangladesh Submarine Cable Company Limited 180
12.1 Bangladesh’s HDI Position 184
12.2 Allocation (Development and Non-Development) of Selected Ministries 185
12.3 Male-Female Enrolment at Primary Level 186
12.4 Year wise Dropout Rate at Primary Level 187
12.5 Recent Trends in Health Indicators 194
12.6 Vaccination under EPI Programme during 2011-2016 196
12.7 Nutrition Status of Bangladesh 197
13.1 Trend of Income Poverty 205

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13.2 Monthly Household Nominal Income, Expenditure and Consumption Expenditure by 205
Residence
13.3 Division wise Incidence of Poverty (HCR) by CBN Method (in percentage) 206
13.4 Percentage Distribution of Income Accruing to Households in Groups (Deciles) at National 208
Level and Gini Co-Efficient
13.5 Projection of Poverty Reduction during the 7 th FYP 209
13.6 Allocation Pattern of Social Safety Net Programmes and Social Empowerment 210
13.7 Disbursement of Loan by Karmasangsthan Bank 220
13.8 Status of Micro-Credit Programmes 222
13.9 Micro-Credit Programmes of Grameen Bank 223
13.10 Status of Micro-Credit Disbursement of SOCBs and Public Specialised Banks 224
13.11 Micro-Credit Programmes of other Commercial and Specialised Banks 225
13.12 Status of Micro-Credit of different Ministry/Division/Department 226
14.1 FDI Inflow to Bangladesh by Components 229
14.2 Private Investment Proposals Registered with BIDA 230
14.3 Sector wise Distribution of Local Investment Projects 230
14.4 Registration of Foreign and Joint Venture Investment Projects 232
14.5 Sources of the Foreign and Joint Ventures Projects 233
14.6 Foreign Loan Approval from 2009-2016 (Up to June 2016) 235
14.7 Recent trend in Approval of Branch, Liaison and Representative Office (New and Extension) 235
14.8 List of PPP Funded Projects 239
14.9 The Total Number of Mobile Phone Subscribers (Up to June 2017) 241
14.10 Premium Income from Non Life Insurance Sector 244
14.11 Premium Income from Life Insurance Sector 244
15.1 Greenhouse Gas Emissions of Top 10 Countries 246
15.2 The Comparative Scenario/ Statistics of Forest Land in SAARC Countries (2015) 258

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 LIST OF FIGURES
Figure Title Page

2.1 Broad Sectoral GDP Growth at Constant Prices 22

2.2 Share of three Major Sectors in the last more than three Decades at constant prices 25
2.3 Trend of Investment, Domestic Savings and National Savings as percent of GDP 27
3.1 Rate of Inflation at National Level 30
3.2 Manpower Export and Remittance Inflow 37
3.3 Remittances as percent of GDP and Export Earnings 38
3.4 (a) Categorywise Migration: 2007 39
3.4 (b) Category-wise Migration: 2016 39
3.5 (a) Overseas Employment by Country in 2007 40
3.5 (b) Overseas Employment by Country in 2017 40
3.6 Country-wise share (percent) of inward remittances in FY08 and FY17 41
4.1 Item wise NBR Revenue Collection FY 2011-12 to FY2016-17 50
4.2 Government Domestic Borrowing net from Different Sources 55
4.3 Government Borrowing from External Sources 56
5.1 Composition of Broad Money (Year-on-Year Percentage Changes) 61
5.2 Components of Broad Money 62
5.3 Broad Money (As percent of GDP) 65
5.4 Weighted Average Lending and Deposit Interest Rates 66
5.5 DSE Market Capitilisation and Indices 76
5.6 CSE Market Capitilisation and All Share Price Index 77
6.1 Trade Balance and Current Account Balance 80
6.2 Yearly Weighted Average Exchange Rates 85
6.3 Foreign Exchange Reserve 85
9.1 Financial Performance of SoEs 138
10.1 Installed Capacity (Derated) (By Fuel Type) 140
10.2 Installed Capacity (Derated) (By Ownership) 140
10.3 Energy Generation (National) by Fuel 140
10.4 Energy Generation (National) by Sector 140
10.5 Category-wise Gas Consumption FY2015-16 151
10.6 Category-wise Gas Consumption FY2016-17 151
12.1 Trend of Government Allocation in the Social Sector of Selected Ministries 184
14.1 Trend in FDI Inflow in Bangladesh (In million US$) 228
14.2 Trend in Capital Machinery Import (In million US$) 229
14.3 Sector wise Local Investment Projects Registered with BIDA in FY2016-17 231
14.4 Sector-wise Distribution of Foreign and Joint Venture Projects in FY2016-17 232
14.5 Employment Opportunities by the BIDA-Registered Project 235

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 LIST OF BOXES

Box Title Page

4.1 Measures under Direct and Indirect Tax System for FY2016-17 46
5.1 Implementation of Basel III 72
8.1 Special Feature of National Industrial Policy 2016 114
9.1 Non-Financial Public Enterprises 133

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 LIST OF STATISTICAL APPENDICES
Appendix Title Page
1.1 Macroeconomic Indicator: 2005-06 to 2010-11 267
1.2 Macroeconomic Indicator: 2011-12 to 2016-17 268
1.3 Macroeconomic Indicator as Percent of GDP: 2005-06 to 2010-11 269
1.4 Macroeconomic Indicator as Percent of GDP: 2011-12 to 2016-17 270
2.1 Gross Domestic Product (GDP) at Current Prices 271
2.2 Gross Domestic Product (GDP) at Current Prices 272
3.1 Gross Domestic Product at Constant Prices (Base Year: 2005-06) 273
3.2 Gross Domestic Product at Constant Prices (Base Year: 2005-06) 274
4.1 Sectoral Growth Rate of GDP at constant prices (Base Year: 2005-06) 275
4.2 Sectoral Growth Rate of GDP at constant prices (Base Year: 2005-06) 276
5.1 Sectoral Share of GDP (%) at Constant Prices (Base Year: 2005-06) 277
5.2 Sectoral Share of GDP (%) at Constant Prices (Base Year: 2005-06) 278
6.1 Consumer Price Indices and Inflation (National) (Base Year: 1995-96=100) 279
6.2 Consumer Price Indices (All Urban) (Base Year: 1995-96=100) 279
6.3 Consumer Price Indices (All Rural) (Base Year: 1995-96=100) 279
7.1 Consumer Price Indices (National) (Base Year: 2005-06=100) 280
7.2 Consumer Price Indices (All Urban) (Base Year: 2005-06=100) 280
7.3 Consumer Price Indices (All Rural) (Base Year: 2005-06=100) 280
8. Consumer Price Indices (CPI) for Middle Class Families of Dhaka City (Base 281
year: 1973-74=100)
9. Wholesale Price Indices of Agricultural and Industrial Products 281
10. Cost of Living Index of Industrial Workers of Narayanganj, Chittagong and 282
Khulna (Base: 1973-74=100)
11.1 Wage Rate Indices by Major Sectors (Base: 1969-70=100) 283
11.2 Wage Rate Indices and Growth Rate (Base: 2010-11=100) 283
12. Production of Major Agricultural Crops and Acreage 284
13. Area Under Irrigation (FY2004-05 to FY 2016-17) 285
14. Use of Chemical Fertiliser (FY2004-05 to FY2016-17) 285
15. Import of Food Grains (FY1985-86 to FY 2016-17) 286
16. Year wise Disbursement and Recovery of Industrial Credit 287
17. Agricultural Credit Disbursement, Recovery and Outstanding 288
18. Quantum Index of Industrial Production (Base: 2005-06=100) 289
19. Production of Major Industrial Goods 290
20.1 Production of State-owned Enterprises and their Financial Performance 291
20.2 Production of State-owned Enterprises and their Financial Performance 292
21. Net Profit/Loss of State-owned Enterprises 293
22. Dividend Contribution of State-owned Enterprises to National Exchequer 294
23. Debt Service Liabilities (DSL) outstanding position at a glance on June 30, 2016 295
24. Amount of Outstanding and Classified Loans for SOEs (As on 30 June 2017) 298

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Appendix Title Page
25. Installed Capacity and Maximum Generation 299
26. Production of Natural Gas and its Consumption by Sector 300
27. Route Kilometerage, Number of Engines and Coaches of Bangladesh Railway 301
28. Passenger and Freight Carried by Bangladesh Railway 302
29. Different Types of Roads under Roads & Highways Department 303
30.1 Number of Primary Schools, Student Enrolment and Number of Teachers in Govt. 304
Primary Schools
30.2 Number of Primary Schools, Student Enrolment and Number of Teachers in Govt. 305
Primary Schools
31.1 Number of Secondary and Higher Secondary, Technical and Vocational and 306
Religious Education Institution
31.2 Number of Teachers at Secondary and Higher Secondary, Technical and 307
Vocational and Religious Education Institutions
31.3 Number of Student at Secondary and Higher Secondary, Technical and Vocational 308
and Religious Education Institutions
31.4 Number of Student at Secondary and Higher Secondary, Technical and Vocational 309
and Religious Education Institutions
32.1 Number of Educational Institutions at Higher Education Level 310
32.2 Number of Teachers at Higher Education Level Institutions 311
32.3 Number of Students at Higher Education Level Institutions 312
33. Number of Government Hospitals, Dispensaries, Doctors, Nurses and Beds 313
34. Demographic Statistics 314
35.1 Revenue Budget (Revenue Receipts: 1987-88 to 1996-97) 315
35.2 Revenue Budget (Revenue Receipts: 1997-98 to 2004-05) 316
35.3 Revenue Budget (Revenue Receipts: 2005-06 to 2010-11) 317
35.4 Revenue Budget (Revenue Receipts: 2011-12 to 2016-17) 318
35.5 Revenue Budget (Revenue Expenditure: 1987-88 to 1996-97) 319
35.6 Revenue Budget (Non-development Expenditure: 1997-98 to 2004-05) 320
35.7 Revenue Budget (Non-development Expenditure: 2005-06 to 2010-11) 321
35.8 Revenue Budget (Non-development Expenditure: 2011-12 to 2016-17) 322
36. Revised Annual Development Programme (Allocation and Expenditure) 323
37.1 Sector wise Revised ADP Allocation (FY1998-99 to FY2004-05) 324
37.2 Sector wise Revised ADP Allocation (FY2005-06 to FY2010-11) 324
37.3 Sector wise Revised ADP Allocation (FY2011-12 to FY2016-17) 325
38.1 Sector wise Revised ADP Expenditure (FY1998-99 to FY2004-05) 326
38.2 Sector wise Revised ADP Expenditure (FY2005-06 to FY2010-11) 327
38.3 Sector wise Revised ADP Expenditure (FY2011-12 to FY2015-16) 328
39.1 Economic Classification of Revenue Expenditure (1989-90 to 1996-97) 329
39.2 Economic Classification of Non-Development Expenditure (1997-98 to 2002-03) 330
39.3 Economic Classification of Non-Development Expenditure (2003-04 to 2009-10) 331
39.4 Economic Classification of Non-Development Expenditure (2010-11 to 2016-17) 332
40. Money Supply and its Components 333
41.1 Bank Advances Classified by Economic Purposes (June 2005 to June 2010) 334
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Appendix Title Page
41.2 Bank Advances Classified by Economic Purposes (June 2011 to March 2017) 334
42.1 Bank Advances Classified by Sectors (June 2005 to June 2011) 335
42.2 Bank Advances Classified by Sectors (June 2012 to March 2017) 335
43. Domestic Credit through Banking System 336
44. Bank Deposits 337
45. Monetary Survey 338
46. Terms of Trade 339
47. Average Nominal Exchange Rate 339
48.1 Real Effective Exchange Rate-REER Index, 1994-95=100 (11 Currency Basket) 340
48.2 Real Effective Exchange Rate-REER Index, 2000-01=100 (8 Currency Basket) 340
48.3 Real Effective Exchange Rate-REER Index, 2000-01=100 (10 Currency Basket) 340
48.4 Real Effective Exchange Rate-REER Index, 2014-15=100 (15 Currency Basket) 340
49.1 Value of Exports by Major Commodities 341
49.2 Value of Exports by Major Commodities 342
50 Country wise Export 343
51.1 Value of Imports by Major Commodities (FY2005-06 to FY2010-11) 344
51.2 Value of Imports by Major Commodities (FY2011-12 to FY2016-17) 344
52. Country wise Import 345
53. Overseas Employment and Remittances 346
54. Country wise Remittances 347
55.1 Balance of Payments (FY2002-03 to FY2009-10) 348
55.2 Balance of Payments (FY2010-11 to FY2016-17) 349
56. Foreign Exchange Reserves 350
57. Commitment and Disbursement of Foreign Economic Assistance 350
58. Foreign Debt Service Payment 351
59. External Debt Outstanding 352
60.1 Foreign Assistance by Source 353
60.2 Foreign Assistance by Source 354
61. Foreign Assistance Disbursement by Economic Sector 355
62. Size, Actual Expenditure and Growth Rate of GDP of Past Plan (Respective Base 356
Year Price)

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