Gdp and Tex Relation in Bangladesh

1. Trend of GDP:
Economic Factors Affecting the Fiscal Framework:
A Comparison between FY 2012-16 and FY 2013-17 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016- 17 | Nominal GDP(Billion Taka) | | | | | | | FY 12-16 MTMF | 8996.7 | 10240.2 | 11677.5 | 13341.0 | 15226.2 | 17645.0 | FY 13-17 MTMF | 9147.8 | 10413.6 | 11857.2 | 13566.9 | 15482.3 | | Nominal GDP Growth (%) | | | | | | | FY 12-16 MTMF | 14.2 | 13.8 | 14.0 | 14.2 | 14.1 | | FY 13-17 MTMF | 14.8 | 13.8 | 14.0 | 14.2 | 14.1 | 14.0 | Real GDP Growth (%) | | | | | | | FY 12-16 MTMF | 7.0 | 7.2 | 7.6 | 8.0 | 8.2 | | FY 13-17 MTMF | 6.3 | 7.2 | 7.6 | 8.0 | 8.3 | 8.7 | Export Growth (%) | | | | | | | FY 12-16 MTMF | 14.3 | 14.5 | 14.5 | 15.0 | 15.0 | | FY 13-17 MTMF | 14.5 | 14.5 | 14.5 | 15.0 | 15.0 | 15.0 | Import Growth (%) | | | | | | | FY 12-16 MTMF | 14.0 | 14.0 | 14.5 | 14.5 | 15.0 | | FY 13-17 MTMF | 15.0 | 15.0 | 15.0 | 15.5 | 15.5 | 15.5 | Remittance Growth (%) | | | | | | | FY 12-16 MTMF | 10.0 | 12.0 | 12.0 | 12.0 | 12.0 | | FY 13-17 MTMF | 11.0 | 12.0 | 12.0 | 12.0 | 12.5 | 12.5 | GDP Deflator (% change) | | | | | | | FY 12-16 MTMF | 6.8 | 6.2 | 6.0 | 5.8 | 5.5 | | FY 13-17 MTMF | 7.6 | 6.3 | 6.0 | 5.8 | 5.4 | 4.9 |

From the table it can be said, the GDP is increasing from year 2011-2016. As Bangladesh is a developing country, maintaining a positive growth in GDP is a big challenge. The major challenges are power and energy shortage, infrastructure bottlenecks, increases in fuel and non-fuel commodity prices in the international market, uncertainty in remittance growth, upward inflationary pressure, underutilization of the ADP, a downward trend in foreign aid utilization over the past few years, increased Bank borrowing by the government, increased pressure for subsidy, exchange rate instability and pressure on foreign exchange reserve. After overcoming these