M.Shahriar Himel

131-130-0-135

Contributions of Garments Industry in the GDP growth of Bangladesh that have subsequent impacts on the economic development

What is GDP?

Gross domestic product (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 can be calculated on a quarterly basis as well.

Bangladesh GDP growth rate

The Gross Domestic Product (GDP) in Bangladesh expanded 6.51 percent in 2015 from the previous year. GDP Growth Rate in Bangladesh averaged 5.66 percent from 1994 until 2015, reaching an all time high of 6.63 percent in 2006 and a record low of 4.08 percent in 1994. GDP Growth Rate in Bangladesh is reported by the Bangladesh Bank.

GDP growth by sector

Bangladesh’s RMG export in GDP

Exports in Bangladesh decreased to 187.48 BDT Billion in April from 210.27 BDT Billion in March of 2016. Exports in Bangladesh averaged 35.79 BDT Billion from 1972 until 2016, reaching an all time high of 211.99 BDT Billion in August of 2015 and a record low of 0.05 BDT Billion in February of 1972. Exports in Bangladesh is reported by the Bangladesh Bank.

Bangladesh’s RMG export in GDP

75.65%

4.22%2.60%

2.19%1.77%1.21%0.72%0.06%

11.56%

Major Products Export From Bangladesh And Contribution to GDP

RMGFrozen FoodJute GoodsLeatherChemical ProductsRaw JuteAgri ProductsTeaOthers

Year-wise/Schedule Textile and apparels Distribution Investment(in

cror.)

2007 2008 2009 2010 2011 2012 20130

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

22,193

10,730 9,200

26,566 26,174

14,839

81,667

Textiles and Apparels

Textiles and Apparels

Comparative Statement on Export of RMG and Total Export of Bangladesh

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-130

5000

10000

15000

20000

25000

30000

Comparative Statement on Export Of RMG And Total Export Of BangladeshVa

lue

Comparative Statement on Export of RMG and Total Export of Bangladesh

75.64

75.83

79.3377.1278.15

78.6

79.63

% OF RMG'S TO TOTAL EXPORT

2006-072007-082008-092009-102010-112011-122012-13

Contribution to National Economy

The sector contributes 38% industrial value addition.Earns around 78% of total export earnings.Employs around 4.5 million workforce of which majority is women Generates huge cliental base for Banking, Insurance, Shipping, Transport, Hotel, Cosmetics, Toiletries and related other economic activities.Provides indirect employment to 0.80 million workforces in accessories industries related to garments. Provides 0.2 million job to waste recycle industry related to RMG sub- sector. Contributes 10.50% to GDP through RMG sub-sector

Thank you

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