Calculating GDP in Bangladesh

Presented By:Md.Nur-Al-AhadRoll No:95

Method Followed In Bangladesh

In Bangladesh, the expenditure method is followed for calculating GDP.As Bangladesh is a developing country, we first estimate costs and then we assume our probable income.Now,our current GDP(09) is 5.419%[IMF-2009 World Economic Outlook]

Continued.

In case of calculating GDP in Bangladesh, we take into account four expenditure components namely-

1.Private consumption expenditure2.Govt. consumption expenditure3.Gross fixed capital formation4.Net exports

GDP Consumption By Sector

Agriculture-19.1% Industry-28.6% Services-52.3%[est.][Source: Bangladesh Budget,2009]

Comment

Although expenditure approach is followed in calculating our GDP,BBS also calculates GDP in production method based on value added by industrial activities).But,we prefer the expenditure approach as the best option.