First News
Volume:7, Number:25
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THIS WEEK

Per Capita Income in Bangladesh Now Stands at USD1,465

| Navid Ahmed |

Despite the Gross Domestic Product (GDP) growth rate, per capita income has come down to USD1,465 decreasing by a dollar in the last fi scal year. Briefi ng the media after the Executive Committee of the National Economic Council (Ecnec) meeting at Sher-e-Bangla Nagar’s NEC conference room, the planning minister AHM Mustafa Kamal revealed the fi gure.

The per capita income declined by a dollar to USD1,465 from the provisional estimate of USD1,466 due to slight depreciation of Bangladesh Taka against US Dollar, he said. The country’s GDP growth rate in the 2015-16 fi scal year fi nally reached 7.11 percent from the provisional estimate of 7.05 percent, said Mustafa Kamal. He said development partners like the World Bank and Asian Development Bank (ADB) also in their recent projections said the GDP growth would reach 7.1 percent in 2015-16 fi scal year. Asked whether it is the highest-ever GDP growth rate, the planning minister said he would consider it as a record if the country can attain around 8.5 percent growth rate in the coming years.

An offi cial at the Bangladesh Bureau of Statistics (BBS) said this was, to the best of his knowledge, the highest-ever GDP growth rate the country has achieved after its independence. Bangladesh has consistently been attaining over 6 percent GDP growth rate for the last couple of years as it reached 6.55 percent in FY15, up from 6.06 percent in FY14, 6.01 percent in FY13 and 6.52 percent in FY12.

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