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Bangladesh’s GDP Base Year updated from 2005-06 to 2015-16

Bangladesh’s gross domestic product (GDP) in 2020-21 was 34,840 million taka at current prices in the new base year of 2015-16. The Bangladesh Bureau of Statistics (BBS) has already completed the work of updating the GDP base year from 2005-06 to 2015-16. According to BBS data, GDP growth was 5.43 percent in the previous fiscal year.

According to BBS’s tentative estimates, per capita income in FY21 was $ 2,554 or Taka 2,16,589, and in FY20 it was $ 2,326 or Taka 1,97,199.

Planning Minister MA Mannan recently said that new areas were included in the calculation according to the new base year. “As a result, overall GDP size and per capita income have increased,” he added.

Bangladesh’s gross domestic product (GDP) in 2020-21 was taka 34,840 billion at current prices in the new base year of 2015-16. The Bangladesh Bureau of Statistics (BBS) has already completed the work of updating the GDP base year from 2005-06 to 2015-16. According to BBS data, GDP growth was 5.43 percent in the previous fiscal year.

He said foreign exchange reserves have remained at $ 50 billion, but the literacy rate for people over the age of 15 is 75.2%. However, the poverty rate was still 20.5% and life expectancy was 72.8 years.

The minister reported that GDP growth in 2009 reached 5.43%, the highest in South Asia despite the pandemic.

According to the new base year, the country’s investment ratio to GDP was 30.76%, while the country’s savings ratio to GDP was 32.15%.

Fiber2Fashion News Desk (DS)



Bangladesh’s GDP Base Year updated from 2005-06 to 2015-16

Source link Bangladesh’s GDP Base Year updated from 2005-06 to 2015-16

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