• Wednesday, Oct 20, 2021
  • Last Update : 03:00 am

IMF: Bangladesh's per capita GDP to be $2,138.794 in 2021

  • Published at 08:09 pm October 13th, 2021
RMG Worker

Higher than India's per capita GDP

Bangladesh's per capita gross domestic product (GDP) will be $2,138.794 in 2021 which is higher than the neighboring India, according to the International Monetary Fund (IMF).

The per capita GDP of India will be $2,116.444 in 2021.

The projection came from the World Economic Outlook 2021 of the IMF titled "Recovery during a Pandemic: Health Concerns, Supply Disruptions and Price Pressures", released on Tuesday.

The Washington-based multilateral lender also projected that Bangladesh's economic growth will be 6.5% in the current year.


Also Read - Bangladesh's per capita income rises to $2,227


The IMF trimmed the projection for the global growth to 5.9% for this year in contrast to
 its previous estimation of 6%.

However, it kept unchanged the global growth at 4.9% for the next year.

The global recovery continues, but the momentum has weakened, hobbled by the pandemic, said the report.

Pandemic outbreaks in critical links of global supply chains have resulted in longer-than-expected supply disruptions and further feeding inflation in many countries, said the IMF.

"Overall, risks to economic prospects have increased and policy trade-offs have become more complex."

Partially offsetting those changes, projections for some commodity exporters have been upgraded on the back of rising commodity prices.

If higher inflation becomes entrenched, it could force central banks to respond aggressively and higher interest rates would slow the recovery, the IMF cautioned.

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