Balance of Payment of Bangladesh
Balance of payments (BOP) accounts are an accounting record of all monetary transactions between a country and the rest of the world.[1] These transactions include payments for the country's exports and imports of goods, services, and financial capital, as well as financial transfers. The BOP accounts summarize international transactions for a specific period, usually a year, and are prepared in a single currency, typically the domestic currency for the country concerned. Sources of funds for a nation, such as exports or the receipts of loans and investments, are recorded as positive or surplus items. Uses of funds, such as for imports or to invest in foreign countries, are recorded as negative or deficit items.
When all components of the BOP accounts are included they must sum to zero with no overall surplus or deficit. For example, if a country is importing more than it exports, its trade balance will be in deficit, but the shortfall will have to be counter-balanced in other ways – such as by funds earned from its foreign investments, by running down central bank reserves or by receiving loans from other countries
Balance of payment in Bangladesh (Annual Data)
(In million US$)
Items 2008-09
July-June 2009-10
July-June % Changes
3 over 2 1 2 3 4 Trade balance -4710 -5152 Export f.o.b.(including EPZ) 15581 16236 4.2 Of which : Readymade garments(RMG) 12348 12497 1.21 Import f.o.b (including EPZ) -20291 -21388 5.41 Services -1616 -1237 Receipts 1832 2471 34.88 Payments -3448 -3708 7.54 Income -1484 -1487 Receipts 95 52 Payments -1579 -1539 Of which : Official interest payments -238 -215 Current transfers 10226 11610 Official transfers 72 122 Private transfers 10154 11488 13.14 Of which : Workers' remittances 9689 10987 13.4 Current Account Balance 2416 3734 Capital account 451 442
When all components of the BOP accounts are included they must sum to zero with no overall surplus or deficit. For example, if a country is importing more than it exports, its trade balance will be in deficit, but the shortfall will have to be counter-balanced in other ways – such as by funds earned from its foreign investments, by running down central bank reserves or by receiving loans from other countries
Balance of payment in Bangladesh (Annual Data)
(In million US$)
Items 2008-09
July-June 2009-10
July-June % Changes
3 over 2 1 2 3 4 Trade balance -4710 -5152 Export f.o.b.(including EPZ) 15581 16236 4.2 Of which : Readymade garments(RMG) 12348 12497 1.21 Import f.o.b (including EPZ) -20291 -21388 5.41 Services -1616 -1237 Receipts 1832 2471 34.88 Payments -3448 -3708 7.54 Income -1484 -1487 Receipts 95 52 Payments -1579 -1539 Of which : Official interest payments -238 -215 Current transfers 10226 11610 Official transfers 72 122 Private transfers 10154 11488 13.14 Of which : Workers' remittances 9689 10987 13.4 Current Account Balance 2416 3734 Capital account 451 442