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Bangladesh's GDP expands 6.12 pct year-on-year in Q3

DHAKA
2024-07-10 13:19

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DHAKA, July 10 (Xinhua) -- Bangladesh's gross domestic product (GDP) grew 6.12 percent year on year in the third quarter of 2024, provisional data from the Bangladesh Bureau of Statistics (BBS) showed.

In the same period of the previous fiscal year, it was 2.30 percent.

GDP at current market prices is provisionally estimated at 13.48 trillion taka in the third quarter of 2023-24 fiscal year.

In the immediate past quarter of October-December period of 2023-24 fiscal year, the GDP growth was 3.78 percent.

Growth in the industrial sector, which accounts for around 33 percent of the GDP, jumped to about 7.03 percent in the January-March quarter of fiscal 24 while it was 4.98 percent during the same period a year prior.

Similarly, growth in the agriculture sector increased to 5.46 percent from 1.88 percent in a gap of a year.

Apart from this, growth in the services sector, which makes up 53 percent of the GDP, also increased to 4.97 percent in the same quarter of fiscal 24 from the previous year's 1.47 percent.

Bangladesh's revised GDP growth has been projected at 5.82 percent for the just concluded fiscal year 2023-2024. (1 U.S. dollar equals about 118 taka)
 
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