8.15 per cent GDP growth achieved
Published : Wednesday, 11 December, 2019 at 12:00 AM Count : 116
Gross Domestic Product (GDP) of Bangladesh has achieved 8.15 percent growth in the fiscal year 2018-19, slightly higher than the preliminary estimation of the Bangladesh Bureau of Statistics (BBS).
Planning Minister MA Mannan released the final BBS data at a press briefing after a meeting of the Executive Committee of the National Economic Council on Tuesday.
In its preliminary estimation, the BBS said the GDP growth rate would be 8.13 percent.
Mannan said as per the provisional estimation, the GDP growth rate was 8.13 percent in the last fiscal year and finally it reached 8.15 percent.
He also said the per capita income stood at US$1,909 from US$1,751 in the 2018-19 fiscal year.
According to the BBS, the industrial sector saw 12.67 percent growth in the last fiscal year, and the manufacturing sector achieved 14.20 percent growth.
The service sector achieved 6.78 percent growth and the agricultural sector saw 3.92 percent growth.
The rate of investment jumped to 31.57 percent of the GDP in the last fiscal year, up from 31.23 percent in 2017-18.
Private investments rose from 23.26 percent of the GDP to 23.54 percent. Public investments reached 8.03 percent of the GDP.
In the agriculture sector
the GDP growth rate increased by 3.92 percent in the last fiscal year while it was 4.19 percent in 2018-19 fiscal year.
The total size of the GDP at current prices in the last fiscal year stood at Tk 25,424,82 crore, up from Tk 22,50,479 crore recorded in the 2018-19 fiscal year.
The BBS data also showed that in the last fiscal year, the investment ratio to GDP stood at 31.57 percent which it was 31.23 percent in 2018-19 fiscal year.
In the last fiscal year, the private investment ratio to GDP increased to 23.54 percent while the public investment ratio to GDP stood at 8.03 percent.