GDP growth rate reaches 5.24% in FY20: BBS | The Daily Star
02:44 PM, August 11, 2020 / LAST MODIFIED: 02:46 PM, August 11, 2020

GDP growth rate reaches 5.24% in FY20: BBS

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

The economy of Bangladesh, however, grew by a record 8.15 percent and the per capita income totaled USD 1,909 in 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 USD 2,064 in the last fiscal from USD 1,909 in FY19. The per capita income was USD 1,751 in the FY18.

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

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

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

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

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

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 USD 1,970 which was USD 1,828 in FY19.

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