808
Published on April 5, 2016
The GDP grew at 7.05 percent so far in current 2015-16 financial year (FY16), Planning Minister AHM Mustafa Kamal said on Tuesday as he was briefing journalists after the meeting of the National Economic Council (NEC)on the recent economic development.
Prime Minister Sheikh Hasina presided over the meeting, held at NEC at the capital's Sher-e-Bangla Nagar. Ministers, secretaries and high officials attended it.
The GDP growth is higher than the targeted 7.0 percent for the current FY16, ending on June 30, 2016.
The per capita income (GNI) also marked significant rise on the strong progress in the economic front, with surging to $1466, the minister said.
The per capita income stood at $1,316 at the end of the past 2014-15 fiscal year (FY15), prompting the World Bank (WB) up Bangladesh status to a lower-middle income country.
The record growth of GDP and increase in the per-capita income has largely been attributed to the phenomenal growth in agricultural sector and steady rise in export earnings.
Bangladesh's economy already ranked the 58th position for its GDP size was placed in 36th position for its Purchasing Power Parity (PPP), which amounted to $3,190.
This work is copyrighted and authorized by the Bangladesh Awami League. You may download, display, print and re-produce this material in unaltered form only (retaining this notice)for your personal, non-commercial use or use within your organization.
