Per capita income in Bangladesh rises to $2,227
Per capita income in Bangladesh rose by 10 per cent year-on-year to $2,227 in the just-concluded fiscal year, according to data of Bangladesh Bureau of Statistics (BBS).
The per capita income was $2,024 in 2019-20 fiscal year.
According to BBS data, Bangladesh's economy grew 3.51 per cent in 2019-20 fiscal year, lowest in three decades, as the Covid-19 pandemic wrecked havoc on all spheres of economic life, with manufacturing, hotel and restaurants facing the biggest blow.
The economic activities, however, began recovering gradually in the subsequent 2020-21 fiscal year following the lifting of the more than two-month long countrywide shutdown, and the recovery efforts by people continued until the beginning of the second wave of coronavirus in March 2021.
As such, BBS comes with provisional estimates of growth at 5.47 per cent for fiscal year 2021 based on data until March/April.
Economists opined that BBS's estimate matches with the reality and added that provisional estimate of FY21 is likely to be revised down owing to recurrent hiccups in business and economic activities and eventual lockdown since April.