BD’s economic growth hits record 8.15pc in FY19
News Type: Marketing News
The economy of Bangladesh grew by a record 8.15 per cent and the per capita income reached US$1,909 in the fiscal 2018-19.
Planning Minister MA Mannan gave the information while briefing reporters after the meeting of the Executive Committee of the National Economic Council (ECNEC). Prime Minister Sheikh Hasina presided over the ECNEC meeting at the NEC conference room in Dhaka on Tuesday.
Mannan said as per the provisional estimation, the GDP growth rate was 8.13 per cent in the last fiscal year and finally it reached 8.15 per cent. The GDP growth rate in the FY18 was 7.86 per cent.
He also said that the per capita income stood at US$1,909 from US$1,751 in the FY18.
According to the Bangladesh Bureau of Statistics (BBS), the GDP growth rate at constant prices in the Industry sector increased by 12.67 per cent in the last fiscal year which was 12.06 per cent in FY18.
In the services sector, the GDP growth rate increased by 6.78 per cent in the last fiscal year while 6.39 per cent was in FY18.
In the agriculture sector, the GDP growth rate increased by 3.92 per cent in last fiscal year while 4.19 per cent was in FY18.
The BBS data also showed that in the last fiscal year, the investment ratio to GDP stood at 31.57 per cent which was 31.23 per cent in FY18.
In the last fiscal year, the private investment ratio to GDP increased to 23.54 per cent while the public investment ratio to GDP stood at 8.03 per cent.