BD’s economic growth hits record 8.15pc in FY19, PCI reaches $1909 overtaking India’s PCI $1785

[Black_cats]

BD’s economic growth hits record 8.15pc in FY19
BSS | Published: December 10, 2019 17:10:34 | Updated: December 10, 2019 20:08:43

The economy of Bangladesh grew by a record 8.15 per cent and the per capita income reached US$1,909 in the fiscal 2018-19.

Planning Minister MA Mannan gave the information while briefing reporters after the meeting of the Executive Committee of the National Economic Council (ECNEC). Prime Minister Sheikh Hasina presided over the ECNEC meeting at the NEC conference room in Dhaka on Tuesday.

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

He also said that the per capita income stood at US$1,909 from US$1,751 in the FY18.

According to the Bangladesh Bureau of Statistics (BBS), the GDP growth rate at constant prices in the Industry sector increased by 12.67 per cent in the last fiscal year which was 12.06 per cent in FY18.

In the services sector, the GDP growth rate increased by 6.78 per cent in the last fiscal year while 6.39 per cent was in FY18.

In the agriculture sector, the GDP growth rate increased by 3.92 per cent in last fiscal year while 4.19 per cent was in FY18.

The BBS data also showed that in the last fiscal year, the investment ratio to GDP stood at 31.57 per cent which was 31.23 per cent in FY18.

In the last fiscal year, the private investment ratio to GDP increased to 23.54 per cent while the public investment ratio to GDP stood at 8.03 per cent.

https://thefinancialexpress.com.bd/...c-growth-hits-record-815pc-in-fy19-1575976234

 

[farhan_9909]

Congratulations

 

[mmr]

It will go down to 5 percent soon. Export down import down..loan defaults highest...tax collection low...everything going down. BAL has screw up economy by wrong policies and unlimited corruption.

 

[KediKesenFare3]

Secure your borders. That's all I'm gonna say.

 

[Abu Shaleh Rumi]

Bangladeshi economy is booming I dont dubt about that. But, we are not diversifying our economy fast enough to sustain this...

 

[UKBengali]

It will go down to 5 percent soon. Export down import down..loan defaults highest...tax collection low...everything going down. BAL has screw up economy by wrong policies and unlimited corruption.

And you know better than IMF, World Bank, ADB etc?

Say what you want about AL but they have turned BD into the fastest growing large economy in the world.

Economic fundamentals are extremely strong - low debt to gdp ratio, high infrastructure spending and political stability.

BD industry in sectors like Pharma, IT and Electronics is now becoming good enough that it has passed the test in developed markets like USA, EU and Japan. After consolidating and dominating in the BD home market, they are set for an export surge in the 2020s - it takes time to get to this stage.

Keep up with trying to talk BD down as the reality will play otherwise.

 

[Shahzaz ud din]

I think BD govt has some secret formula.They should share this with other countries as well.

 

[mmr]

And you know better than IMF, World Bank, ADB etc?

Say what you want about AL but they have turned BD into the fastest growing large economy in the world.

Economic fundamentals are extremely strong - low debt to gdp ratio, high infrastructure spending and political stability.

BD industry in sectors like Pharma, IT and Electronics is now becoming good enough that it has passed the test in developed markets like USA, EU and Japan. After consolidating and dominating in the BD home market, they are set for an export surge in the 2020s - it takes time to get to this stage.

Keep up with trying to talk BD down as the reality will play otherwise.

If BNP was in power for 10 years and if all BAL morons was in jail Bd will achive lot more as well. Current economic growth is all because of normal bd ppl nothing to with BAL. All BAL is doing making it worse.

 

[Destranator]

No one is giving credit to BBS. We are an ungrateful lot.

It will go down to 5 percent soon. Export down import down..loan defaults highest...tax collection low...everything going down. BAL has screw up economy by wrong policies and unlimited corruption.

The aforementioned shortfalls are negated by the extremely workaholic folks at BBS. Their high productivity contributes 2-3% economic growth.
No other country has achieved such growth with stagnant private sector investment.

 

[mmr]

No one is giving credit to BBS. We are an ungrateful lot.


The aforementioned shortfalls are negated by the extremely workaholic folks at BBS. Their high productivity contributes 2-3% economic growth.
No other country has achieved such growth with stagnant private sector investment.

He he love your sarcasm!!!

 

[VikingRaider]

If BNP was in power for 10 years and if all BAL morons was in jail Bd will achive lot more as well.

In only 5 years ( 2001- 2006) BD almost became Somalia. I am starting to sweat in winter just after reading your message of 10 years.

 

[Vikki]

This goes on to show how important it is to have good relations with neighbouring countries especially the ones that are multiple times powerful and larger than ones country.
Bangladesh has had good relations with India which allowed them to focus on development rather than on security and borders which saved millions of dollars for them.

 

[Bilal9]

Secure your borders. That's all I'm gonna say.

Ha ha ha

Yes the Indians already put barbed wire fencing everywhere on the border, thinking the exact same thing. So we're good for now.

What Bangladesh needs right now are night vision equipment and heat-sensitive infrared cameras given to the border guards so they can patrol effectively both day and night. Electric bikes/quadrunners and Electric-powertrain armored cars (like OTOKAR makes) too, if we can get them.

Army and Navy have these equipment, it is time we give these to the Border Guards.

 

[SD 10]

This goes on to show how important it is to have good relations with neighbouring countries especially the ones that are multiple times powerful and larger than ones country.
Bangladesh has had good relations with India which allowed them to focus on development rather than on security and borders which saved millions of dollars for them.

Having good relations is one thing and surrendering is sovereignty is a completely different ball game.

 

[God Parshuram]

BD’s economic growth hits record 8.15pc in FY19
BSS | Published: December 10, 2019 17:10:34 | Updated: December 10, 2019 20:08:43

The economy of Bangladesh grew by a record 8.15 per cent and the per capita income reached US$1,909 in the fiscal 2018-19.

Planning Minister MA Mannan gave the information while briefing reporters after the meeting of the Executive Committee of the National Economic Council (ECNEC). Prime Minister Sheikh Hasina presided over the ECNEC meeting at the NEC conference room in Dhaka on Tuesday.

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

He also said that the per capita income stood at US$1,909 from US$1,751 in the FY18.

According to the Bangladesh Bureau of Statistics (BBS), the GDP growth rate at constant prices in the Industry sector increased by 12.67 per cent in the last fiscal year which was 12.06 per cent in FY18.

In the services sector, the GDP growth rate increased by 6.78 per cent in the last fiscal year while 6.39 per cent was in FY18.

In the agriculture sector, the GDP growth rate increased by 3.92 per cent in last fiscal year while 4.19 per cent was in FY18.

The BBS data also showed that in the last fiscal year, the investment ratio to GDP stood at 31.57 per cent which was 31.23 per cent in FY18.

In the last fiscal year, the private investment ratio to GDP increased to 23.54 per cent while the public investment ratio to GDP stood at 8.03 per cent.

https://thefinancialexpress.com.bd/...c-growth-hits-record-815pc-in-fy19-1575976234

Congratulation to Bangladesh. BD is often in news for good reason. Iron lady Hasina is doing a great job for BD.