Revision of export data will not reduce gross domestic product (GDP) and per capita income. Henceforth there will be no significant difference in export data published by Bangladesh Bank, National Board of Revenue (NBR) and Export Promotion Bureau (EPB). This was stated in the explanation sent by the Ministry of Finance on Tuesday.

The explanation sent by Gazi Tauhidul Islam, Public Relations Officer of the Ministry of Finance, said that the amount of foreign currency that comes into the country against the export, Bangladesh Bank only discloses that amount as the amount of export of the country. While calculating the GDP, Bangladesh Bureau of Statistics (BBS) takes this account of Bangladesh Bank into consideration.

The explanation said that the recent fear of decline in exports and consequent fall in GDP and per capita income in newspapers is not correct. Recently the central bank revised the data on export earnings. As a result, almost 23 billion or 2 thousand 3 billion dollars of export income has disappeared in the last two financial years. Experts believe that many of the country’s financial statistics have been turned upside down as a result of the correction of this information.

According to the explanation of the Ministry of Finance, the balance of transactions or the balance of payments in the current account and in some cases of the financial account have been rearranged. However, this will not result in any change in the overall balance of payments. Meanwhile, the revised balance of payments has been published on the website of Bangladesh Bank.