Bangladesh’s GDP growth to cross 8% for first time in FY19

Bangladesh’s GDP growth in the current fiscal year is set to exceed 8 percent for the first time, according to Bangladesh Bureau of Statistics, or BBS.

Published : 19 March 2019, 09:34 AM
Updated : 19 March 2019, 10:38 AM

After analysing the data for the first eight months of the year (July-February), the BBS estimates a record economic growth of 8.13 percent at the end of the fiscal year 2018-2019.

The government is also anticipating an increase in the country’s per capita income to $1,909, Finance Minister AHM Mustafa Kamal said at a media briefing at the National Economic Council, or NEC, on Tuesday.

Bangladesh’s GDP growth was 7.86 percent in the past fiscal year while the per capita income was $1,751.

Bangladesh’s economic growth crossed 7 percent in fiscal 2015-2016 after almost a decade in the region of 6 percent.

It has taken only three years since to reach the 8 percent GDP growth.