Record 8.15 percent GDP growth

Planning Minister MA Mannan on Tuesday said economy of the country grew by a record 8.15 percent in the last fiscal year (FY19) while the per capita income reached US$1,909.

The minister said this while briefing reporters after the Executive Committee meeting of the National Economic Council (ECNEC) held at the NEC conference room with Prime Minister Sheikh Hasina in the chair, reports BSS.

Mannan said as per the provisional estimation, the GDP growth rate was 8.13 percent in the last fiscal year and finally it reached 8.15 percent. The GDP growth rate in the FY18 was 7.86 percent.

He also said that the per capita income stood at US$1,909 from US$1,751 in the FY18. According to the BBS, the GDP growth rate at constant prices in the Industry sector increased by 12.67 percent in the last fiscal year which was 12.06 percent in FY18.

In the services sector, the GDP growth rate increased by 6.78 percent in the last fiscal year while it was 6.39 percent in FY18. In the agriculture sector, the GDP growth rate increased by 3.92 percent in last fiscal year while it was 4.19 percent in FY18.

The total size of the GDP at current prices in the last fiscal year stood at Taka 25,424,82 crore up from Taka 22,50,479 crore recorded in the FY18.The BBS data also showed that in the last fiscal year, the investment ratio to GDP stood at 31.57 percent which was 31.23 percent in FY18.

In the last fiscal year, the private investment ratio to GDP increased to 23.54 percent while the public investment ratio to GDP stood at 8.03 percent.According to Bangladesh Bureau of Statistics, the country attained 7.28 percent GDP growth in 2016-17 FY, 7.11 percent in 2015-16, 6.55 percent in 2014-15 and 6.03 percent 2013-14 FY.