Bangladesh's economy projected to grow at 5.82% in FY24: BBS

This growth is a bit higher from last fiscal's 5.78 per cent and aligns closely with the International Monetary Fund's forecast of 5.7 per cent and the World Bank's 5.6 per cent.

Per capita income, meanwhile, has increased slightly to $2,784 in this fiscal from $2,749 in the previous, as per the estimate based on data from the first seven months of FY24.

The growth rate was initially projected at 7.5 per cent, and later revised to 7 per cent.

Bangladesh's GDP at current prices stands at $459 billion, up from $452 billion in the previous fiscal.

The investment-to-gross domestic product ratio remains steady at 30.98 per cent, domestic media outlets reported.

The industrial sector is projected to grow by 6.66 per cent this fiscal, down from 8.37 per cent.

The consumption rate is estimated at 74.24 per cent in FY24. It was 72.39 per cent in the previous fiscal.

Fibre2Fashion News Desk (DS)