Feb 23
Industry’s contribution to GDP up PDF Print E-mail

Overall industry’s contribution to the country’s Gross Domestic Product (GDP) is estimated to be enhanced in the ongoing fiscal year (FY17).

The provisional estimation to the Bangladesh Bureau of Statistics (BBS) shows that broader industry’s contribution to GDP stands at 32.48 per cent in the current fiscal year which was 31.54 per cent in the past fiscal year.

The BBS also estimates that value of overall industrial output reaches at Tk 2.95 trillion in the current fiscal year which was TK 2.67 trillion in FY16 at constant price.

Thus, broader industry registers 10.50 per cent growth in the current fiscal year over the past year.

The growth is, however, slightly lower than the past year’s growth of 11.09 per cent.

There are four main sectors under the category of broader industry. These are: mining and quarrying; manufacturing; electricity, gas and water supply; and construction. 

The BBS will finalise the estimation of national account by the end of October. The current estimation is prepared on the basis of nine months data.

(Source - The Financial Express)