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11 August, 2020 02:14:29 PM / LAST MODIFIED: 12 August, 2020 01:21:54 PM

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GDP growth rate reaches 5.24pc in FY20: BBS

BSS, Dhaka
GDP growth rate reaches 5.24pc in FY20: BBS

The GDP growth rate of Bangladesh has reached 5.24 percent in the last fiscal year (FY20) despite the impact of Novel Coronavirus pandemic while the per capita income increased to $2,064, according to the provisional estimation of Bangladesh Bureau of Statistics (BBS).

The economy of Bangladesh, however, grew by a record 8.15 per cent and the per capita income totaled US$1,909 in the fiscal year (FY19).

The BBS data showed that the GDP growth rate in the FY18 was 7.86 percent while it was 7.28 percent in FY17.

The per capita income stood at $2,064 in the last fiscal from US$1,909 in FY19. The per capita income was US$1,751 in the FY18.

According to the BBS, the GDP growth rate at constant prices in the Industry sector increased by 6.48 per cent in the last fiscal year which was 12.67 per cent in FY19.

In the services sector, the GDP growth rate increased by 5.32 per cent in the last fiscal year while it was 6.78 per cent was in FY19.

In the agriculture sector, the GDP growth rate increased by 3.11 per cent in last fiscal year while it was 3.92 per cent in FY19.

The BBS data also showed that in the last fiscal year, the investment ratio to GDP stood at 31.75 per cent which was 31.57 per cent in FY19.

In the last fiscal year, the private investment ratio to GDP increased to 23.63 per cent while the public investment ratio to GDP stood at 8.12 per cent.

The total GDP size of Bangladesh at constant prices has been estimated at Taka 11,637,396 million in the last fiscal year which was Taka 11,057,936 million in FY19.

However at current prices, the total GDP size has been estimated at Taka 27,963,782 million in last fiscal which was Taka 25,424,826 million in FY19.

The per capita GDP has also increased in the last fiscal with $1,970 which was $1,828 in FY19.

NS

 

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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