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Preliminary result of Economic Census 2013 releases

Finance Minister AMA Muhith unveils a preliminary report of Economic Census-2013 at a dissemination seminar at the Bangladesh Bureau of Statistics in Dhaka on Sunday (17 November 2013)

Finance Minister AMA Muhith unveils a preliminary report of Economic Census-2013 at a dissemination seminar at the Bangladesh Bureau of Statistics in Dhaka on Sunday (17 November 2013)

The country’s economic activity has been doubled in the last decade with phenomenal growth in economic units, says the preliminary result of Economic Census 2013 released Sunday (17 November 2013).

The report also revealed that non-farm sector’s contribution to the GDP was higher than that of core manufacturing sector during the period.

The third economic census, conducted by the BBS, showed that the total number of economic units now stands at 8,075,704, witnessing a 118 percent growth over 3,708,144 units found in the previous census done in 2003.

In the first census conducted in 1986, the number of economic units was 2,169,419.

Economic census is a complete enumeration of the full set of economic units belonging to a given population or universe at a particular time with respect to well defined economic characteristics.

The report was published at a dissemination seminar oraganised at the premises of the Bangladesh Bureau of Statistics.

The findings of the Economic Census 2013 reveal that household-based economic activities have expanded tremendously over the last decade.

The number of economic households is 3,039,398 in 2013 which was 381,055 in 2003 and 545,429 in 1986.

The extended definition of economic households may have partly contributed to this expansion, BBS said.

Service sector played dominating role in growth of economic units. The results showed service sector activities like wholesale and retail trade including repair of motor vehicles and motorcycles occupies the highest share of 45.91 percent and transportation and storage13.65 percent.

On the other hand, manufacturing sector has 11.76 percent share and other service activities 8.48 percent. The share of most of the activities has been less than 5 percent, some activities even have less than 1 percent share.

The findings show that at the divisional level, large variation still exists in economic activities.

The highest number of economic units – 2,599,372— were found in Dhaka followed by Chittagong’s 1,384,757, Rajshahi’s 1,217,633, Rangpur’s 1,088,255, Khulna’s 1,034,581, Barisal’s 385,233 and Sylhet’s 365,873.

Rural Economy has boosted up with higher growth in northern Bangladesh. Economic Census 2013 depicts that the growth in 2013 over the previous census in rural areas is significantly higher at 150.6 percent compared to urban areas’ 62.9 percent.

The poverty-prone Rangpur Division has experienced substantial growth at micro level economic activities. The total number of economic units in this division was 208,135 in 1986 which has increased to 405,583 in 2003 and further increased to 1,088,255 in 2013.

Permanent establishments in Bangladesh have been increasing over the period. The number of permanent establishment rose to 4,534,616 in 2013, which was 2,991,238 in 2003 and 1,561,949 in 1986.

Speaking on the occasion as the chief guest, Finance Minister AMA Muhith said the findings of the census depicted that besides having huge potentials, Bangladesh also advanced a lot in terms of economy. But he said low contribution of manufacturing sector to the GDP has still remained a major concern for the country’s economy.

http://www.daily-sun.com/details_Economic-activity-doubles-in-a-decade_678_1_3_1_0.html

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