Bangladesh experiences 6.94% economic growth in FY 2020-21

Bangladesh’s economy grew by 6.94% in the fiscal year 2020-21 (July 2020-June 2021) with improvement in services and manufacturing sectors despite the Covid-19 pandemic.

Bangladesh’s Minister of Planning, MA Mannan, on Tuesday announced the Gross Domestic Product (GDP) data released by the Bangladesh Bureau of Statistics.

He told a news conference that economic growth exceeded the government’s provisional estimate of 5.43 percent for the last fiscal year, Xinhua news agency reported.

Gross national income per capita rose to $2,591 in the last fiscal year from $2,326 in the previous fiscal year 2019-20.

The minister said the real size of the country’s GDP had grown to $416 billion in the last fiscal year.



(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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