In the first quarter (July-September) of the 2024-25 fiscal year, the GDP growth rate dropped to 1.81%, the lowest in nearly four years. In the same quarter of the previous fiscal year, 2023-24, GDP growth was 6.04%.
On Monday (January 6), the Bangladesh Bureau of Statistics (BBS) released the GDP data for the first three months of the current fiscal year.
Previously, in the October-December period of the 2020-21 fiscal year, the GDP growth rate fell to 0.93%.
Experts say that production in the industrial sector was disrupted due to the student uprising and the subsequent situation in July-August, which had a significant impact on GDP growth in the first quarter of the current fiscal year.
According to the provisional GDP figures for the current fiscal year, the size of the GDP is Tk12,665,074 crore.
In the first quarter of the 2023-24 fiscal year, it was Tk19,703,010 crore, with a GDP growth rate of 6.04%.
GDP is reported based on data from agriculture, industry, and services sectors.
In the first quarter of the 2024-25 fiscal year, the agriculture sector experienced the lowest growth at 0.16%, compared to 0.35% in the same period of the previous fiscal year.
The industrial sector showed a growth of 2.13% in the first quarter of the 2024-25 fiscal year, down from 8.22% in the same period of the previous fiscal year.
The services sector grew by 1.54% in the first quarter of the current fiscal year, compared to 5.07% in the same period of the previous fiscal year.
Meanwhile, food inflation in the country decreased to 12.92% in December. It was 13.8% in November.
According to the latest BBS data, overall inflation also decreased to 10.89% in December due to a decline in food prices, compared to 11.38% in November.
