The Bangladesh Bureau of Statistics (BBS) is set to introduce a Quarterly Index of Service Production in a bid to measure the short-term growth of Bangladesh's service sector—now the dominant contributor to GDP.

The BBS has long published the Quarterly GDP and the Index of Industrial Production to reflect trends in manufacturing and overall economic output.

However, it has lacked a dedicated tool to capture the short-term performance of services, which include transport, finance, education, health, and information technology.

To address this gap, the BBS began collecting data on March 11 from sampled service-providing institutions through a structured questionnaire. These data will be compiled quarterly, with the first official publication expected later this year.

The agency stressed the importance of accurate data submission, noting that under the Statistics Act 2013, all individual data will remain confidential and only be reported in aggregated form.

Officials say this move aligns Bangladesh with global statistical practices and will support better policymaking across sectors.