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Bangladesh’s economic growth hits record 8.15% in FY19 but per capita income remains unchanged
Bangladesh’s economic growth is slightly higher than the provisional estimate, but the per capita income has remained unchanged.
Published : 10 Dec 2019, 10:07 AM
Updated : 10 Dec 2019, 02:25 PM
The pace of economic growth was 8.15 percent in fiscal 2018-19, said Planning Minister MA Mannan at a media briefing in Dhaka on Tuesday, citing final data.
The provisional data had put the GDP growth at 8.13 percent for the year.
Bangladesh’s per capita income stood at $909, which is unchanged from the provisional data.
The planning minister cited recent devaluation of taka against US dollar as a reason for no change in per capita income.
“But it has increased in terms of taka,” Mannan added.
The per capita income in 2018-19 finally stood at Tk 160,440, which was Tk 160,060 in accordance with the provisional data.
Bangladesh posted a GDP growth of 7.86 percent in 2017-18. The per capita income was $1,751 in that financial year.
The Bangladesh Bureau of Statistics estimates 8.2 percent GDP growth in the current fiscal year. The World Bank estimation is 7.2 percent growth in 2019-20.
The size of the GDP has stood over Tk 25.42 trillion by the end of the last fiscal year, up from over Tk 22.5 trillion of the previous financial year.
Bangladesh’s industries grew 13.08 percent in 2018-19, according to the final data. It posted 12.66 percent industrial growth in 2017-18.
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