Bangladesh GDP growth record 7.24 pc, per capita income $ 1,602

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Growth from 6.4% to 6.8% in 2017-18, according to the WB report

The government announced on Sunday, May 14, 2017 that the country’s GDP growth would hit a record 7.24 percent in the outgoing fiscal year, while the World Bank sticks to its previous growth projection of 6 , 8%. In this Star archive photo, people work in a garment factory.

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The government announced on Sunday, May 14, 2017 that the country’s GDP growth would hit a record 7.24 percent in the outgoing fiscal year, while the World Bank sticks to its previous growth projection of 6 , 8%. In this Star archive photo, people work in a garment factory.

Bangladesh’s gross domestic product (GDP) growth reached 7.24 percent this fiscal year, breaking all previous records in the country’s economic history, according to a provisional estimate by the BBS.

Meanwhile, per capita income stands at $ 1,602, up from $ 1,466 in the last fiscal year, the Bangladesh Bureau of Statistics (BBS) announced today.

Economic growth has reached an all-time high, supported by dynamic exports and robust agricultural production, he said.

For fiscal year 2015-16, GDP growth was 7.02%, while the target for this fiscal year was 7.2%.

The planning ministry submitted the report at a meeting of the National Economic Council (NEC) today, senior ministry sources told the Daily Star.

Growth from 6.4% to 6.8% in 2017-18: BM

Meanwhile, the World Bank said today that Bangladesh’s economy is expected to grow between 6.4% and 6.8% in 2017 and 2018.

The World Bank said so in its report “Bangladesh Development Update: Breaking Down Barriers” released today at its country office in Agargaon in Dhaka.

“Bangladesh needs a higher rate of growth to accelerate its path to middle income,” the report said.

“The country will need an investment-driven strategy coupled with improvements in the efficiency of public capital. Reach more than 7% per year

sustained growth will inevitably require increased productivity growth as well as much higher participation of women in the labor market, ”the report adds.


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