Compared to last year, the per capita income of the country’s people has slightly increased to 2 thousand 784 US dollars in the current financial year. In the fiscal year 2022-23, the per capita income was $2,749. As a result, the income increased by 35 dollars during the year. This per capita income has been calculated assuming a dollar price of 109 taka 97 paisa.

This information is known from a report given by Bangladesh Bureau of Statistics (BBS) on Monday (May 20).

According to the calculations of BBS, for the first time in the country, the average per capita income has crossed three lakh rupees. The average per capita income of the current financial year is 3 lakh 6 thousand 144 taka. In the last financial year (2022-23) the final per capita income in Taka was 2 lakh 73 thousand 360 Taka. That is, per capita income increased by 32 thousand 784 taka in one year.

Meanwhile, BBS says that the country’s gross domestic product (GDP) growth will be higher in the current fiscal year than the previous fiscal year. The GDP growth in the current year will be slightly increased by 5.82 percent compared to the previous financial year. Which was 5.78 percent in the previous financial year 2022-23.

According to BBS data, the size of Bangladesh’s GDP will increase to 50 lakh 48 thousand crores this year. In the previous financial year it was 44 lakh 90 thousand crores. In this financial year, the biggest shock is coming in the industrial sector. The growth of the industrial sector will decrease to 6.66 percent. In the previous financial year it was 8.37 percent.

In terms of growth, the agriculture sector was the worst at 3.21 per cent, compared to 3.37 per cent in the previous fiscal. However, despite the decrease in industry and agriculture, this government agency has given the impression that the growth of the service sector will increase compared to the previous year. They say that the growth of the service sector will increase to 5.8 percent, compared to 5.37 percent in the previous financial year. However, according to the World Bank, Bangladesh’s biggest development partner, this growth will be even lower. They forecast 5.6 percent GDP growth in Bangladesh in 2023-24. According to the calculations of the World Bank, the growth of Bangladesh was 5.8 percent in the financial year ended 2022-23.

Incidentally, per capita income is not the income of an individual. Gross national income is calculated by including income from within the country as well as remittances i.e. income from expatriates. This is calculated by dividing the income per capita.