Rural economy grows rapidly over last decade

Economic Census 2013 report released

Rural economy of Bangladesh is getting sharply dominant as its share reached to 71.48 per cent of total economy, according to final report of Economic Census 2013.
The Economic Census 2013 was released at a programme held at the auditorium of Bangladesh Bureau of Statistic (BBS) at Agargaon in the capital yesterday.
According to the results of Economic Census 2013, the majority (71.48 per cent) of the total economic units are located in the rural areas while the rest (28.52 per cent) are in the urban.
As per the Economic Census 2001 & 2003, of the total economic units, 62.61 per cent were located in the rural areas while 37.39 per cent in the urban areas. It implies that the share of rural economy is gradually increasing from 62.61 per cent in 2001 & 2003 to 71.48 per cent in 2013.
Speaking as chief gust planning minister AHM Mustfa Kamal said report provides various economic, industry and business information in different dimension for the users at national and sub-national levels.
“I hope that the report will be the key source of data for policy makers, planners, business communities, civil society members, media and development partners in
formulating policies, defining the strategies and undertaking development programmes in different levels for the development of the country.”
Noted economist Wahiduddin Mauhud said gradually the agriculture dependency is reducing in rural areas of Bangladesh as well as equitation between rural and urban economy also decreasing significantly.
Referring to the economic census report Wahiduddin said the economy of the Bangladesh getting dynamism and the report of the survey will be more effective compared to earlier.
About outstanding contribution of Small Medium Entrepreneur (SME) in economy noted economist said SME is getting stronger and gradually these sectors will develop entirely.
“So the government should emphasise the SME to create more jobs and self employment,” he added.              
He further said during the last decade the non agriculture sector generated more employment and on average 6 per cent growth witnessed during this period.  
The results of the Economic Census 2013 reveal that there are a total number of 78,18,565 economic units in Bangladesh of which 45,14,091 are permanent, 4,82,903 temporary and 28,21,571 economic households. Permanent establishments occupy the largest share with 57.74 per cent followed by economic household with 36.09 per cent and the temporary establishments with 6.18 per cent.
The total number of economic units in 2001 & 03 was 37,08,152 which have been increased to 78,18,565 in 2013. It implies that over the two census periods (2001 & 03 to 2013), the economic units have been increased by 110.85 per cent.
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 28,21,571 in 2013 which was 3,81,052 in 2001 & 03 and 5,42,612 in 1986. The extended definition of economic households may have partly contributed to this expansion.
The report said that permanent establishments in Bangladesh have been increasing over the period. The number of permanent establishment was 15,61,926 in 1986 which has risen to 29,91,249 in 2001 & 03 and to 45,14,091 in 2013.
It shows that the growth in number (15,22,842) over the last ten years is higher than that (14,29,323) occurred even of the seventeen years (1986 to 2001 & 03). It implies that the Bangladesh economy is getting sustainable.
Female-headed establishments in increasing trend of the total establishments, the female headed is 7.21 per cent (5,63,368) in 2013 while it was 2.80 per cent (1,03,858) in 2001 & 03. It implies that more female is getting into the business as the head of establishments.
Significant changes in female employment evident of the total persons engaged (TPE), the number of male is 2,04,49,132 (83.46 per cent), which was 1,00,41,009 (89.09 per cent) in 2001 & 03 and the female is 40,51,718 (16.54 per cent) compared to 12,29,413 (10.91 per cent) in 2001 & 03. The figures imply that the percentage of female workers has been significantly increased to 16.54 per cent in 2013 from 10.91 per cent in 2001 & 03.

Rural economy grows rapidly over last decade

Economic Census 2013 report released

Rural economy of Bangladesh is getting sharply dominant as its share reached to 71.48 per cent of total economy, according to final report of Economic Census 2013. The Economic Census 2013 was released at a programme held at the auditorium of Bangladesh Bureau of Statistic (BBS) at Agargaon in the capital yesterday. According to the results of Economic Census 2013, the majority (71.48 per cent) of the total economic units are located in the rural areas while the rest (28.52 per cent) are in the urban. As per the Economic Census 2001 2003, of the total economic units, 62.61 per cent were located in the rural areas while 37.39 per cent in the urban areas. It implies that the share of rural economy is gradually increasing from 62.61 per cent in 2001 2003 to 71.48 per cent in 2013. Speaking as chief gust planning minister AHM Mustfa Kamal said report provides various economic, industry and business information in different dimension for the users at national and sub-national levels. I hope that the report will be the key source of data for policy makers, planners, business communities, civil society members, media and development partners in formulating policies, defining the strategies and undertaking development programmes in different levels for the development of the country. Noted economist Wahiduddin Mauhud said gradually the agriculture dependency is reducing in rural areas of Bangladesh as well as equitation between rural and urban economy also decreasing significantly. Referring to the economic census report Wahiduddin said the economy of the Bangladesh getting dynamism and the report of the survey will be more effective compared to earlier. About outstanding contribution of Small Medium Entrepreneur (SME) in economy noted economist said SME is getting stronger and gradually these sectors will develop entirely. So the government should emphasise the SME to create more jobs and self employment, he added. He further said during the last decade the non agriculture sector generated more employment and on average 6 per cent growth witnessed during this period. The results of the Economic Census 2013 reveal that there are a total number of 78,18,565 economic units in Bangladesh of which 45,14,091 are permanent, 4,82,903 temporary and 28,21,571 economic households. Permanent establishments occupy the largest share with 57.74 per cent followed by economic household with 36.09 per cent and the temporary establishments with 6.18 per cent. The total number of economic units in 2001 03 was 37,08,152 which have been increased to 78,18,565 in 2013. It implies that over the two census periods (2001 03 to 2013), the economic units have been increased by 110.85 per cent. 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 28,21,571 in 2013 which was 3,81,052 in 2001 03 and 5,42,612 in 1986. The extended definition of economic households may have partly contributed to this expansion. The report said that permanent establishments in Bangladesh have been increasing over the period. The number of permanent establishment was 15,61,926 in 1986 which has risen to 29,91,249 in 2001 03 and to 45,14,091 in 2013. It shows that the growth in number (15,22,842) over the last ten years is higher than that (14,29,323) occurred even of the seventeen years (1986 to 2001 03). It implies that the Bangladesh economy is getting sustainable. Female-headed establishments in increasing trend of the total establishments, the female headed is 7.21 per cent (5,63,368) in 2013 while it was 2.80 per cent (1,03,858) in 2001 03. It implies that more female is getting into the business as the head of establishments. Significant changes in female employment evident of the total persons engaged (TPE), the number of male is 2,04,49,132 (83.46 per cent), which was 1,00,41,009 (89.09 per cent) in 2001 03 and the female is 40,51,718 (16.54 per cent) compared to 12,29,413 (10.91 per cent) in 2001 03. The figures imply that the percentage of female workers has been significantly increased to 16.54 per cent in 2013 from 10.91 per cent in 2001 03.