Finance

Per capita income rises to USD 2824 Per Capita Income
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Per capita income rises to USD 2824

Bangladesh Live News | @banglalivenews | 11 May 2022, 01:46 am

Own Correspondent, Dhaka, May 11: At the end of the 2021-22 fiscal year, the per capita income has increased to 2,824 US dollars, which is 2 lakh 41 thousand 470 rupees in Bangladeshi currency.

The Bangladesh Bureau of Statistics (BBS) has estimated the end-of-year per capita income by analyzing various indicators of the economy till March of the current financial year.

Planning Minister MA Mannan presented the BBS report after a meeting of the Executive Committee of the National Economic Council (ECNEC) on Tuesday (May 10). Last year (2020-21) it was 2,591 US dollars or two lakh 19 thousand 738 rupees. At the end of 2021-22 fiscal year, the growth will be 7.25 percent, which was 6.94 percent at the end of last year.

At the end of the year, the size of GDP will increase to 465 billion US dollars. In the fiscal year 2019-20, the growth rate was 3.45 percent. In addition, the size of the GDP in the fiscal year 2019-20 was 374 billion USD. As of March 2020-21, the GDP size is USD 416 billion (6.94 percent), which is Tk 35,302 lakh.

Agriculture Sector: Overall, the agriculture sector is projected to grow temporarily at 2.2 percent in FY 2021-22. Of this, growth of 1.06 percent in grain sub-sector, 3.1 percent in animal husbandry sub-sector, 5.08 percent in forest sub-sector and 2.08 percent in fisheries sector have been estimated.

Industry: The growth of manufacturing sector in FY 2021-22 is estimated to be 12.31 percent as compared to the previous year. Besides, growth of 7.24 percent in power sector and 8.94 percent in construction sector have been projected for the year. Overall, the industrial sector is projected to grow by 10.44 percent in FY 2021-22 as compared to the previous FY (2020-21).

Service Sector: Growth is projected to be 8.72 percent in the wholesale and retail business sector, 5.7 percent in the automotive sector, 7.6 percent in the banking and insurance sector, 6.23 percent in the education sector and 9.78 percent in the health sector for the period 2021-22. Overall, the services sector is projected to grow by 6.31 percent in FY 2021-22 as compared to the previous fiscal year (2020-21).