List of events
1977 (MCMLXXVII) was a common year starting on Saturday of the Gregorian calendar, the 1977th year of the Common Era (CE) and Anno Domini (AD) designations, the 977th year of the 2nd millennium, the 77th year of the 20th century, and the 8th year of the 1970s decade.
Calendar year
The year 1977 was the 6th year after the independence of Bangladesh. It was also the first year of the Government of Ziaur Rahman. In this year while the new President had to deal with a number of mutiny and overthrow attempts, he also managed to consolidate his power through a referendum, and promoted a nineteen-point political and economic program focusing on population control, food security, education and rural development.[1]
Economy
Key Economic Indicators for Bangladesh in 1977[2]
| National Income
|
|
Current US$ |
Current BDT |
% of GDP
|
| GDP |
$9.7 billion |
BDT149.3 billion |
|
| GDP growth (annual %) |
2.7%
|
| GDP per capita |
$131.4 |
BDT2,032 |
|
| Agriculture, value added |
$4.7 billion |
BDT73.0 billion |
48.9%
|
| Industry, value added |
$1.6 billion |
BDT25.0 billion |
16.7%
|
| Services, etc., value added |
$3.3 billion |
BDT51.3 billion |
34.4%
|
| Balance of Payment
|
|
Current US$ |
Current BDT |
% of GDP
|
| Current account balance |
-$281.0 million |
|
-2.9%
|
| Imports of goods and services |
$1,203.9 million |
BDT18.5 billion |
12.4%
|
| Exports of goods and services |
$540.6 million |
BDT10.5 billion |
7.0%
|
| Foreign direct investment, net inflows |
$7.0 million |
|
0.1%
|
| Personal remittances, received |
$78.9 million |
|
0.8%
|
| Total reserves (includes gold) at year end |
$241.5 million |
|
|
| Total reserves in months of imports |
2.3
|
Note: For the year 1977 average official exchange rate for BDT was 15.38 per US$.
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