The growth of the country's industrial, agriculture and service sectors declined significantly in the last fiscal year, pushing down its growth rate of gross domestic product (GDP) to 6.21 per cent, the Bangladesh Economic Survey (BES) 2008 said.
Referring to provisional figures of the Bangladesh Bureau of Statistics (BBS), it said the country's growth of overall industrial sector fell significantly to 6.87 per cent in the fiscal year (FY) 2007-08 from the previous years' growth of 9.74 per cent.
The growth of Bangladesh's agriculture sector also came down to 3.61 per cent in the last fiscal from 4.94 per cent in the FY 2006-07 while the growth its service sector also declined to 6.69 per cent from 6.92 per cent, the BES revealed.
"Mainly due to the decline in the growths of agriculture and manufacturing sectors, the country's GDP growth in the FY 2007-08 could be slightly lower than that of the previous year," it said.
In the constant price index, Bangladesh's GDP growth has been estimated at 6.21 per cent for the FY 2007-08 while the country's GDP grew by 6.43 per cent in the FY 2006-07, it mentioned.
The BES also said the size of the country's GDP, according to the current market prices, has been projected at Tk 5419.19 billion for the FY 2008-09 compared to 4724.77 in the FY 2006-07.
On the other hand, Bangladesh's gross national income (GNI) has also been estimated at Tk 5853.18 billion in the last fiscal against Tk 5077.52 billion in the FY 2006-07, it said.
On the other hand, the country's per capita GDP has been calculated at Tk 38056 or US$ 554 in the FY 2007-08 from Tk 33607 ($ 487) in FY 2006-07 while its per capita GNI also increased to Tk 41103 or $ 599 from Tk 36116 ($523), it mentioned.
Giving the sector-wise breakups, the economic survey said in constant prices the contribution of agriculture sector to the country's GDP was about 20.87 per cent in FY 2007-08 compared to 21.37 per cent in 2006-07 and 21.84 per cent in 2005-07.
The share of industrial sector in the country's GDP has been estimated at 29.66 per cent in the last fiscal while it was 29.45 per cent in FY 2006-07 and 29.03 per cent in FY 2005-06, it revealed.
Besides, the contribution of services sector to the country's GDP also slightly increased to 49.46 per cent in FY 2007-08 from 49.18 per cent in FY 2006-07 and 49.14 per cent in FY 2005-06, it added.
According to the BES, the country's total investment ratio with the GDP was estimated at 24.16 per cent - 5.01 per cent by government and 19.15 per cent by private sector -- in the last fiscal against 24.46 per cent in FY 2006-07 and 24.64 per cent in FY 2005-06.
On the other hand, the rates of domestic and national savings were 20.08 per cent and 29.23 per cent respectively of the country's GDP in the last fiscal while the percentages were 20.35 and 28.66 respectively in FY 2006-07, it said.
