The Gross Domestic Product (GDP) growth of the economy has been estimated at 6.51 per cent rate this fiscal, 0.45 percentage points up despite massive political shocks according to official data.
The GDP growth rate in the current fiscal has also raised per capita income (Gross National Income) of to US$1,314, a 10.42 per cent rise from that in last fiscal, the Bangladesh Bureau of Statistics (BBS) data showed on.
Both the macro-economic indicators were unveiled by Planning Minister AHM Mustafa Kamal Thursday after a meeting of the National Economic Council at the Planning Commission in the city.
"Despite political unrest, the GDP has expanded to 6.51 per cent, one of the highest in the world. It could be 7.0 per cent if there was no political deadlock in the country," he told reporters.
He said the current size of the GDP and per capita GNI have placed Bangladesh at the 58th position in the world.
The government had set a target to achieve 7.3 per cent GDP growth rate for the current FY2015.
Meanwhile, the BBS also released the final GDP growth rate estimation of the last FY2014 at 6.06 per cent. Its preliminary estimation recorded the growth at 6.12 per cent.
Mr Mustafa Kamal said per capita income on the purchasing power parity (PPP) of Bangladesh has stood at $3,190 placing the country at the 36th position among all the countries in the world.
Meanwhile, development partners and global financial institutions had projected a lower GDP growth of Bangladesh compared to the government target of 7.3 per cent.
While the World Bank in its last development update in April this year projected a 5.6 per cent GDP growth rate, the Asian Development Bank forecast 6.1 per cent and the International Monetary Fund projected 6.25 per cent rate in the FY2015.
Now the size of the country's economy at current prices has stood at Tk 15,135.99 billion (nearly US$194 billion) in the current FY2015, the BBS estimation showed Thursday.
In the last FY2014, the GDP size of the country was Tk 13,436.74 billion (US$172 billion) at current prices.
Mr Mustafa Kamal said the share of the industrial sector to the GDP has increased to 27.98 per cent in the current FY2015 from that of 27.61 per cent in the last FY2014.
The contribution of the service sector has also risen to 56.42 per cent in the current fiscal from 56.28 per cent in last FY2014.
However, the contribution of agriculture sector to the GDP has dropped to 15.59 per cent in the current fiscal from that of 16.11 per cent in the last FY, the minister said quoting the BBS data.
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