BSS
  23 Nov 2021, 19:23

GDP size stands at Taka 34,840b at current prices in FY21  

DHAKA, Nov 23, 2021 (BSS) - The size of the Gross Domestic Product (GDP) in 
the last fiscal year (FY21) stood at Taka 34,840 billion at current prices as 
per the new base year of 2015-16.  

The GDP growth of the country recorded 5.43 per cent also in the last fiscal 
year, according to the provisional estimation of the Bangladesh Bureau of 
Statistics (BBS).  

The BBS data showed that the per capita income of the country in the last 
fiscal year (FY21) stood at $2,554 or Taka 2,16,589 which was $2,326 or Taka 
1,97,199 in the previous fiscal year (FY20), according to the fresh base year 
of 2015-16.   

The BBS has already completed the necessary works for updating the GDP base 
year from 2005-06 to 2015-16.  

Revealing the latest provisional figures of the BBS which were also placed 
before the ECNEC meeting today, Planning Minister MA Mannan said that the 
base year has been updated for which newer areas have been brought under the 
calculation.  

"As a result, the overall GDP size has been increased as well as the per 
capita income," he added.  

He informed that the foreign currency reserves are nearing $50 billion while 
the country's literacy rate above 15 years also reached 75.2 per cent. 
However, the poverty rate remains at 20.5 per cent while the life expectancy 
reached 72.8 years.  

The Planning Minister informed that the GDP growth rate in the last fiscal 
year (FY21) reached 5.43 per cent which was the highest in this South Asian 
region despite the shocks of the COVID-19 pandemic.   

The BBS data also showed that compared to the base year 2005-06 to 2015-16, 
the GDP size in current prices witnessed a 19.8 per cent increase in FY16 
compared to the year 2015-16 to 2020-21, the GDP size over the last six years 
at current prices witnessed a 17 per cent increase. 

 Out of the overall GDP size of Taka 34,840 billion in FY21 at current 
prices, the share of the agriculture sector is Taka 4,061 billion, the 
industries sector Taka 11,362 billion while the services sector Taka 18,098 
billion as per the fresh base year.  

Meanwhile, if compared at constant prices, the GDP size in the last fiscal 
year stood at Taka 27,939 billion, according to the new base year.  As per 
the fresh base year, the country's investment ratio to GDP stood at 30.76 per 
cent, while the national savings ratio to GDP at 32.15 per cent.