Country's economic growth slows to 3.49pc in FY 2024–25

The country’s economic growth slowed to 3.49% in the 2024–25 fiscal year, down from 4.22% in 2023–24, according to the final national accounts data released by the Bangladesh Bureau of Statistics (BBS).

Prior to this, the economic growth had been 5.78% in 2022–23.

The report also showed that per capita income rose to $ 2,769 in 2024–25, up $ 31 from USD 2,738 in the previous fiscal year. In local currency terms, per capita income reached Tk 3,34,511, compared to Tk 3,04,102 in 2023–24.

Despite the increase, per capita income in dollar terms remains below the peak of $ 2,793 recorded in 2021–22.

BBS noted that a higher average exchange rate of Tk 120.82 per dollar in 2024–25, up from Tk 111.06 the previous year, contributed to the lower dollar-denominated income.

The report clarified that GDP, or Gross Domestic Product, represents the total value of goods and services produced within a country during a specific period.