CONTENTS Preface List of Tables List of Graphs/Charts List of Boxes List of Statistical Appendices Socio-Economic Indicators of Bangladesh Macro Chapters Chapter 1. Macroeconomic Situation 01-14 Chapter 2. GDP, Savings and Investment 15-24 Chapter 3. Prices, Wages and Employment 25-38 Chapter 4. Fiscal Policy and Fiscal Management 39-50 Chapter 5. Monetary Management and Financial Market Development 51-68 Chapter 6. External Sector 69-85 Sectoral Chapters Chapter 7. Agriculture 87-103 Chapter 8. Industry 105-124 Chapter 9. State Owned Enterprises 125-130 Chapter 10. Power and Energy 131-166 Chapter 11. Transport and Communication 167-192 Chapter 12. Human Resource Development 193-220 Thrust Area Chapters Chapter 13. Poverty Alleviation 221-241 Chapter 14. Private Sector Development 243-261 Chapter 15. Environment and Development 263-283 Statistical Appendices 285-348 Contributors v vi LIST OF TABLES Table Title Page 1.1 Medium Term Macroeconomic Framework, 2014-2018: Key Indicators 2.1 GDP, GNI, Per Capita GDP and GNI at Current Market Prices 14 16 2.2 Gross Domestic Product (GDP) at Current Market Prices 16 2.3 Sectoral Growth Rate of GDP at Constant Prices (Base Year: 1995-96) 17 2.4 Sectoral Share of GDP ( percent) at Constant Prices (Base Year: 1995-96) 21 2.5 22 2.6 Trend of Structural Transformation of Broad Sectoral Shares in GDP and Growth Rate at Constant Prices (Base year: 1995-96) Expenditure Based Gross Domestic Product at Current Prices 2.7 Consumption,Savings and Investment (As percent of GDP) 23 3.1 (a) Consumer Price Index and Inflation (Base year 1995-96) 26 3.1 (b) Consumer Price Index and Inflation (Base year 2005-06) 26 3.2 (a) Monthly Rate of inflation (Point to point) during FY 2012-13 (Base Year 1995-96=100) 27 3.2 (b) Monthly Rate of inflation (Point to point) during FY 2012-13(Base Year 2005-06=100) 28 3.3 Rate of Increase in Wages (Base year 1969-70=100) 29 3.4 Share of Employed Labour Force (Above 15 years)by Sector 30 3.5 Number of Expatriate employees and amount of remittance 33 3.6 Remittance as Percent of GDP and Export Earnings 34 3.7 Number of Expatriates Classified by Skill 35 3.8 Number of Expatriate Bangladeshi Workers by Country 36 3.9 Country wise Remittances 37 4.1 Revenue Receipts 40 4.2 Item wise Revenue Collection 43 4.3 Public Expenditure 44 4.4 Implementation of Annual Development Programme (ADP) 45 4.5 ADP Expenditure and its Composition by Major Sectors (%) 45 4.6 Overall Budget Balance 46 4.7 Quantum of Resources (Domestic and foreign) in financing revised ADP 47 4.8 Net Government Borrowing from Domestic Sources 47 4.9 Government Borrowing from Foreign Sources 48 4.10 Budget at a Glance 50 5.1 Trends in Monetary Aggregates (Year-on-Year Growth) 52 5.2 Money and Credit 53 5.3 Reserve Money and Its Components 55 vii 23 Table Title Page 5.4 Reserve Money and Its Sources 55 5.5 Structure of the Banking System in Bangladesh (up to June 2013) 58 5.6 Comparative Position of Bank Branches in Urban and Rural Areas (up to June 2013) 59 5.7 Securities Trading Information in Dhaka Stock Exchange Ltd. 66 5.8 SecuritiesTrading Information in Chittagong Stock ExchangeLtd. 67 6.1 World Trade Volume 69 6.2 Balance of Payments 70 6.3 Export Earnings Composition and Growth of Export Income 72 6.4 Country-wise Export Earning 73 6.5 Comparative Situation of Commodity-wise Import Payments 73 6.6 Country-wise Import Payments 74 6.7 Average Exchange Rate (Tk. per USDollar) 75 6.8 Foreign Exchange Reserve 77 6.9 Tariff Structure from FY 2000-01 to FY 2012-13 77 6.10 Impact of MFN Un-weighted AverageImport Tariff rate 79 7.1 Food Grains Production 89 7.2 Seed Production and Distribution through Seed Multiplication Farms and Contract Growers’ Zones 91 7.3 Use of Chemical Fertilizer 91 7.4 Area under Irrigation 93 7.5 Year-wise Disbursement and Recovery of Agricultural Credit 94 7.6 Fish Production Trends in Different Resources 97 7.7 Production Statistics of Carp Spawn/ Fingerling from Public and Private Hatcheries 98 7.8 Growth of Livestock and Poultry in Bangladesh. 100 7.9 Production of Milk, Meat and Eggs 100 7.10 Major Activities of DLS 102 8.1 Contribution of Manufacturing Sector to GDP (At constant prices of 1995-96) 105 8.2 Quantum Index of Production for Medium to Large Scale Manufacturing Industries (FY 2004-05 to FY 2012-13, Base Year: 1988-89=100) Statement of Refinance on SMEs under Different Refinance Schemes of Bangladesh Bank 106 8.3 (b) Summary Information on SME Refinancing (up to June 2013) 107 8.4 Annual Investment and Employment Target and Achievement of BSCIC 110 8.5 Year wise production of Yarn and Fabrics in Public and Private Sector 113 8.6 Year-wise Installed Capacity and Production of Yarn by BTMC 113 8.3 (a) 8.7 Year-wise Production of DFL’s, Silk Cocoon, Silk Yarn and Silk Fabrics in Public Sector (2003-04 to 2012-13) viii 107 114 Table Title Page 8.8 Targets, Physical Achievements of the Program of Silk Foundation 115 8.9 Targets and Achievements of DoJ in HYV Jute Seed and Jute Production and Training 115 8.10 Raw Jute Production, Consumption and Export from FY 2003-04 to FY2012-13 116 8.11 Production, Local Consumption, Export and Export Earning of Jute Goods 116 8.12 Production of Jute Goods under Bangladesh Jute Mills Corporation (BJMC) 116 8.13 Export of Jute Goods by BJMC 117 8.14 Local Sales of Jute Goods by BJMC Mills 117 8.15 Year-wise Production of Jute Goods by BJMA Mills 118 8.16 Jute Goods Exports of BJMA Mills 118 8.17 Production Levels, Export and Export Value of Jute Yarn and Twine under BJSA 119 8.18 Year wise Disbursement and Recovery of Industrial Loans 120 8.19 Zone wise Statistics of Investment, Employment and Export 122 8.20 Product wise Enterprises (As on June, 2013) 122 8.21 Actual Investment & Export of Different EPZs during the Financial Year 2005-06 to 2012-13 123 9.2 Growth Rate of Revenue, Value Addition and Production Income of Non-financial SOEs (2007-08 to 2011-12) Government Grant/Subsidy during FY 2004-05 to 2012-13 128 9.3 Profit earned by the SOEs from FY 2006-07 to FY 2011-12 129 10.1 Fuel Consumption by Public Power Plants 133 10.2 Installed Capacity (derated) and Maximum Generation 134 10.3 Power Generation Projects up to 2018 134 10.4 List of Projects 138 10.5 Overall Achievement of Distribution Sector 140 10.6 Year-wise System Loss Statistics (FY2001-02 to FY2012-13) 140 10.7 Year-wise Accounts Receivable Statistics 141 10.8 On Going Projects 143 10.9 Planned Projects 144 10.10 Progress of Implementation of Sustainable Energy Development Programme 146 10.11 Future Plan of Power Sector Development 149 10.12 Physical Target and Achievement (Upto June'2013) 150 10.13 Power purchase and sell of Rural Electrification Board 151 10.14 Amount of Accounts Receivable and Accounts Payable of Rural Electrification Board 152 10.15 Collection of Electricity Bill by Rural Electrification Board 152 10.16 10.17 Independent Power Plants under REB Status of Bangladesh Gas Reserve 154 155 9.1 ix 126 Table Title Page 10.19 Sector-wise Average Gas Demand 2010-11 to 2014-15 157 10.20 Import of Crude Oil 159 10.21 Import of Refined Petroleum Products 159 10.22 Amount of subsidy given to BPC by the Government 11.1 Various Categories of Roads under Roads and Highways Department 160 168 11.2 Programmes of LGED for Infrastructure Development 169 11.3 Revenue Target and Collection of BRTA from FY 2002-03 to FY 2012-13 170 11.4 Revenue Income and Expenditure of BRTC 173 11.5 174 11.7 Targets and Collections of Tolls at Bangabandhu Bridge Passenger Traffic, Freight Traffic, Revenue Earnings and Revenue Expenses of Bangladesh Railway Income and Expenditure of CPA 11.8 Income, Expenditure and Profit/Loss of Mongla Port 178 11.9 Statement of Income-Expenditure and Profit-Loss of BSC 179 11.10 Income and Expenditure Statement of BIWTC 180 11.11 Income and Expenditure of BIWTA 181 11.12 Development and Maintenance works of BIWTA 181 11.13 Income and Expenditure of Bangladesh Land Port Authority 182 11.14 Income and Expenditure of the Department of Shipping 183 11.15 Financial Position of CAA 184 11.16 Income and Expenditure of Biman 185 11.17 Year wise Income and Expenditure of BTCL 186 11.18 Subscriber Number, Growth and Teledensity of Mobile and Fixed Phone 187 11.19 188 12.1 Income and Expenditure of Bangladesh Submarine Cable Company Limited Allocation (Development and Non-Development) in the Social Sectors of selected Ministries by Year 194 12.2 Enrolment Rate of Boys and Girls at Primary Level (1996-2011) 196 12.3 12.4 12.5 13.1 13.2 The Trend of Progress of Health Indicators from 2003 to 2011 Nutrition Status in Bangladesh Statement of Distribution and Realization of Micro-Credit Attainment of MDGs At a glance Trend of Income Poverty 202 208 218 222 223 13.3 Division wise Incidence of Poverty (HCR) by CBN Method (in percentage) 224 13.4 Incidence of Poverty (CBN) by Ownership of Land (in percentage) 225 13.5 Monthly Household Nominal Income, Expenditure and Consumption Expenditure by Residence Percentage Distribution of Income Accruing to Households in Groups (Deciles) at National Level and Gini Co-Efficient 226 11.6 13.6 x 175 177 227 Table Title Page 13.7 Allocation Pattern of Social Safety Net Programmes 228 13.8 Disbursement of Loan by Karmasangsthan Bank (Cumulative upto June 2013) 233 13.9 Status of Micro-Credit Programmes of PKSF 234 13.10 Status of Micro-Credit Programmes of Major NGOs 236 13.11 13.12 Micro-Credit Programmes of Grameen Bank 237 Status of Micro-Credit Disbursement of SOCBs and Public Specialised Banks 238 13.13 Micro-Credit Programmes of other Commercial and Specialised Banks 239 13.14 Status of Micro-Credit of different Ministry/Division/Department 239 14.1 Actual FDI Inflow to Bangladesh by Components 245 14.2 Private Investment Proposals Registered with BOI 245 14.3 Sector wise Distribution of Local Investment Projects 246 14.4 Sector wise Distribution of Foreign and Joint Venture Investment Projects 247 14.5 Sources of the Joint Ventures and Foreign Investment Projects 248 14.6 Production of Yarn and Fabrics in Public and Private Sector 253 14.7 Export Value of Jute Products ( Public and Private ) 254 14.8 IT Software Exports 256 14.9 The Total Number of Mobile Phone Subscribers 257 14.10 Premium Income from General Insurance 259 14.11 Premium Income from Life Insurance Business 260 14.12 Export of Finished Drug and Raw Materials of Drug 261 15.1 Greenhouse Gas Emissions of Some Selected Countries 264 15.2 Environment Related Progress in Achieving Millennium Development Goals 265 15.3 Level of TDS at Different Locations of Buriganga River in 2011 272 xi LIST OF GRAPHS/CHARTS Graph/Chart 2.1 2.2 14.4 Title SectoralGDP Growth at Constant Prices Trend of share of three major sectors in the last three decades at Constant Prices Trends of Consumption, Savings and Investment Rate of Inflation (National) Manpower Export and Remittance Inflow Remittances as percent of GDP and Export Earnings Overseas Employment by Profession in 2003 Overseas Employment by Professions 2012 Overseas Employment by Country in 2003 Overseas Employment by Country in 2013 Comparative picture of Country-wise remittance income (in percentage) ofFY 2002-03 and FY 2012-13 Item wise share of revenue collection for FY 2012-13 Government Borrowing from Domestic Sources Flow of Foreign Grants, Loans, Repayment and Net Assistance Composition of Broad Money Components of Broad money Broad Money as Percentage of GDP Weighted Average Lending and Deposit interest Rate Bank Category-wise Assets and Deposits (in percent) up to June 2013 Comparative Position of Bank Branches in Urban and Rural Areas (up to June 2013) Trend in DSE General Price Index and Market Capitilization Trend in CSE General Price Index and Market Capitilization Trade Balance and Current Account Balance Yearly Weighted Average Exchange Rates Movement Foreign Exchange Reserve Financial Performance of SOEs Installed Capacity (derated) by fuel type as on June, 2013 Installed Capacity (derated) by public sector as on June, 2013 Generationby fuel (FY 2013) Generation by ownership (FY2013) Import of FY 2011-12 Import of FY 2012-13 Year-wise Distribution Loss from FY2000-01 to FY2012-13 Accounts Receivable (equivalent month) from FY 2000-01 to FY 2012-13 Category-wise Gas Consumption FY2012-13 Category-wise Gas Consumption FY2011-12 Trends of Alloction in Social Sector Recent Trend of FDI Inflow in Bangladesh Sector wise Local Investment Projects Registered with BOI in FY 2012-13 Sector wise Distribution of Foreign and Joint Venture Investment projects during FY 2012-13 Trend in Capital Machinary Imports 14.5 14.6 14.7 Growth in Manufacturing GDP Trend in Total Private Investment Employment Opportunities by the BOI-Registered Projects (Person) 2.3 3.1 3.2 3.3 3.4 (a) 3.4 (b) 3.5 (a) 3.5 (b) 3.6 4.1 4.2 4.3 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 6.1 6.2 6.3 9.1 10.1(a) 10.1(b) 10.2(a) 10.2(b) 10.3 (a) 10.3 (b) 10.4 10.5 10.6 (a) 10.6 (b) 12.1 14.1 14.2 14.3 xii Page 18 22 24 26 33 34 35 35 36 36 37 44 48 49 52 54 56 57 58 59 67 68 70 75 77 130 132 132 133 133 138 138 141 142 157 157 195 244 246 247 249 250 251 252 LIST OF BOXES Box Title Page 4.1 Measures under Direct and Indirect Tax System for FY 2012-13 40 9.1 Non-Financial Public Enterprises 125 xiii LIST OF STATISTICAL APPENDICES Appendix 1.1 1.2 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.1 16.2 16.3 16.4 16.5 16.6 17. 18. 19. 20.1 20.2 20.3 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. Title Macroeconomic Indicator: 2001-02 to 2012-13 Macroeconomic Indicator: 2001-02 to 2012-13 Gross Domestic Product (GDP) at Current Prices Gross Domestic Product at Constant (1995-96) Prices Sectoral Growth Rate of GDP at constant prices (Base Year: 1995-96) Sectoral Share of GDP (%) at Constant Prices (Base Year: 1995-96) Consumer Price Indices (National)(Base Year: 1985-86=100) Consumer Price Indices (All Urban) (Base Year: 1985-86=100) Consumer Price Indices (All Rural) (Base Year: 1985-86=100) Consumer Price Indices (National) (Base Year: 1995-96=100) Consumer Price Indices (All Urban) (Base Year: 1995-96=100) Consumer Price Indices (All Rural) (Base Year: 1995-96=100) Consumer Price Indices (CPI) for Middle Class Families of Dhaka City (Base year: 1973-74=100) Wholesale Price Indices of Agricultural and Industrial Products Cost of Living Index of Industrial Workers of Narayanganj, Chittagong and Khulna (Base: 1973-74=100) Wage Rate Indices by Major Sectors (Base: 1969-70=100) Revenue Budget (Revenue Receipts: 1987-88 to 1996-97) Revenue Budget (Revenue Receipts: 1997-98 to 2003-04) Revenue Budget (Revenue Receipts: 2004-05 to 2012-13) Revenue Budget (Revenue Expenditure: 1987-88 to 1996-97) Revenue Budget (Non-development Expenditure: 1997-98 to 2003-04) Revenue Budget(Non-development Expenditure: 2004-05 to 2012-13) Revised Annual Development Programme (Allocation and Expenditure) Sector wise Revised ADP Allocation Sector wise Revised ADP Expenditure Economic Classification of Revenue Expenditure (1989-90 to 1996-97) Economic Classification of Non-Development Expenditure (1997-98 to 2002-03) Economic Classification of Non-Development Expenditure (2003-04 to 2012-13) Money Supply and its Components Bank Advances Classified by Economic Purposes Bank Advances Classified by Sectors Domestic Credit through Banking System Bank Deposits Monetary Survey Production of Major Agricultural Crops and Acreage Import of Food Grains (FY 1985-86 to FY 2012-13) Agricultural Credit Disbursement, Recovery and Outstanding Area Under Irrigation Use of Chemical Fertilizer Quantum Index of Industrial Production (Base: 1988-89=100) Production of Major Industrial Goods xiv Page 285 286 287 288 289 290 291 291 291 292 292 292 293 293 294 294 295 296 297 298 299 300 301 302 302 303 304 305 306 307 307 308 309 310 311 312 313 314 314 315 315 Appendix 34. 35. 36. 37. 38. 39. 40 (A) 40 (B) 40 (C) 41 (A) 41 (B) 41 (C) 42. 43. 44. 45. 46. 47. 48.1 48.2 49. 50 51. 52. 53. 54. 55 (A) 55 (B) 56. 57. 58. 59. 60. 61. 62 63. 64. Title Production of State-owned Enterprises and their Financial Performance Net Profit/Loss of State-owned Enterprises Dividend Contribution of State-owned Enterprises to National Exchequer Debt Service Liabilities (DSL) outstanding position at a glance on June 2013 Amount of Outstanding and Classified Loans for SOEs (As on 30 June 2013) Number of Primary Schools, Student Enrolment and Number of Teachers in Govt. Primary Schools Number of Secondary and Higher Secondary, Technical and Vocational and Religious Education Institution. Number of Secondary and Higher Secondary, Technical and Vocational and Religious Education Teachers. Number of Secondary and Higher Secondary, Technical and Vocational and Religious Education Students. Number of Educational Institutions, Teachers and Students at Higher Education Level Number of Educational Institutions, Teachers and Students at Higher Education Level Number of Educational Institutions, Teachers and Students at Higher Education Level Number of Government Hospitals, Dispensaries, Doctors, Nurses and Beds Route Kilometerage, Number of Engines and Coaches of Bangladesh Railway Passenger and Freight Carried by Bangladesh Railway Different Types of Roads under Roads & Highways Department Terms of Trade Average Nominal Exchange Rate Real Effective Exchange Rate-REER Index, 1994-95=100 (11 Currency Basket) Real Effective Exchange Rate-REER Index, 2000-01=100 (8 Currency Basket) Value of Exports by Major Commodities Country wise Export Value of Imports by Major Commodities Country wise Import Overseas Employment and Remittances Country wise Remittances Balance of Payments (FY 2002-03 to FY 2009-10) Balance of Payments (FY2010-11 to FY2012-13)* Foreign Exchange Reserves Commitment and Disbursement of Foreign Economic Assistance Foreign Debt Service Payment External Debt Outstanding Foreign Assistance by Source Foreign Assistance Disbursement by Economic Sector Size, Actual Expenditure and Growth Rate of GDP of Past Plan (Respective Base Year Price) Demographic Statistics Production of BTMC Mills from 1972-73 to 2011-12 xv Page 316 317 318 319 322 323 324 325 326 327 328 329 330 331 332 333 334 334 335 335 335 336 337 337 338 339 340 341 342 342 343 344 345 346 346 347 348 xvi