Friday, 29 March, 2024, 1:53 AM
Advance Search
Home

Country reached 5.24pc growth rate in FY20: BBS

Published : Wednesday, 12 August, 2020 at 12:00 AM  Count : 314

Country reached 5.24pc growth rate in FY20: BBS

Country reached 5.24pc growth rate in FY20: BBS

The country's GDP growth rate has reached 5.24 percent in the last fiscal year (FY20) despite the impact of Novel Coronavirus pandemic while the per capita income increased to $2,064, according to Bangladesh Bureau of Statistics (BBS) provisional findings.
Bangladesh economy, however, grew by a record 8.15 per cent and the per capita income totaled US$1,909 in the fiscal year (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 $2,064 in the last fiscal from US$1,909 in FY19. The per capita income was US$1,751 in the FY18.
According to BBS data, the GDP growth rate at constant prices in the Industrial sector increased by 6.48 per cent in the last fiscal against 12.67 per cent in FY19. In the services sector, the GDP growth rate increased by 5.32 per cent in the last fiscal year while it was 6.78 per cent was in FY19.
In the agriculture sector, the GDP growth rate increased by 3.11 per cent in last fiscal year while it was 3.92 per cent in FY19. The BBS data also showed that in the last fiscal year, the investment ratio to GDP stood at 31.75 per cent which was 31.57 per cent in FY19.
In the last fiscal year, the private investment ratio to GDP increased to 23.63 per cent while the public investment ratio to GDP stood at 8.12 per cent.
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 $1,970 which was $1,828 in FY19.










Latest News
Most Read News
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Online: 41053014; Advertisement: 41053012.
E-mail: info©dailyobserverbd.com, news©dailyobserverbd.com, advertisement©dailyobserverbd.com, For Online Edition: mailobserverbd©gmail.com
  [ABOUT US]     [CONTACT US]   [AD RATE]   Developed & Maintenance by i2soft