Bangladesh’s GDP growth estimated at 7.25% in FY22: BBS
Senior Correspondent, bdnews24.com
Published: 10 May 2022 02:36 PM BdST Updated: 10 May 2022 02:57 PM BdST
-
A woman works in a garment factory, as factories reopened after the government has eased the restrictions amid concerns over coronavirus disease (COVID-19) outbreak in Dhaka, Bangladesh, May 3, 2020. REUTERS/Mohammad Ponir Hossain
Bangladesh’s economy has begun to overcome the hurdles of the COVID-19 pandemic and has, once again, reached 7 percent GDP growth.
“Real GDP growth has hit 7.25 percent in the ongoing 2021-22 fiscal year, according to a provisional estimate,” said Planning Minister MA Mannan.
“The provisional GDP rate was calculated in the nine months up to March this year,” he said.
The final growth rate for the 2020-21 fiscal year was 6.94 percent, while the rate for 2019-20 was 3.45 percent.
The figures were announced at a press conference following a meeting of the Executive Committee of the National Economic Council, or ECNEC, at Sher-e-Bangla Nagar on Tuesday.
The provisional estimate for per capita income in 2021-22 was $2,824, up from $2,591, the minister announced, citing a Bangladesh Bureau of Statistics report.
“In nominal terms, Bangladesh’s GDP stands at $465 billion in the ongoing fiscal year,” Mannan said.
-
Facing higher grocery prices, shoppers in US change habits
-
Taliban’s first annual budget foresees $501m deficit
-
IMF lifts weighting of dollar, Chinese yuan
-
Inflation fears send dollar to 20-yr high
-
Momen proposes ‘the Korean method’
-
US inflation simmers
-
US consumer price gains slow but inflation still hot
-
For many Americans, the good times are right now
-
Facing higher grocery prices, shoppers in US change habits
-
Taliban's first annual Afghan budget foresees $501 million deficit
-
IMF lifts weighting of dollar, Chinese yuan in SDR basket
-
Fears that high inflation could crimp global growth send dollar to 20-yr high
-
Bangladesh minister proposes ‘Korean method’ to execute govt project
-
US inflation simmers, worst of price gains likely behind
Most Read
- US police say college student Zinat’s death was a suicide. Her family disagrees
- Exhausted, weak wild elephant prefers to stay close to humans
- U-turns are meant to de-clog Dhaka roads. Many believe they are doing the opposite
- Students from two colleges in Dhaka clash, disrupting traffic
- Wanted over scams in Bangladesh, PK Halder and associates face grilling after arrest in India
- Growing evidence of military disaster on the Donets River pierces pro-Russian bubble
- The extraordinary rise of PK Halder and the spectacular fall of firms he controlled
- 10 people killed and 3 wounded in shooting at Buffalo grocery store
- BJP leader slapped on camera over comments against veteran politician Sharad Pawar
- TCB postpones sales of goods at subsidised prices for poor