Per capita income decreased by $43

Staff Correspondent : Bangladesh Bureau of Statistics (BBS) publishes the Gross Domestic Product (GDP) as well as per capita income every year. However, the calculation of per capita income for the fiscal year 2022-23 is being hidden. By reducing the total population, the per capita income in terms of taka. And due to the increase in the exchange rate, the per capita income of the last financial year was not disclosed in terms dollars. However, the BBS had provisionally disclosed per capita income in dollars last May.
Meanwhile, Daily Industry calculated the per capita income in dollars based on the average exchange rate published by Bangladesh Bank. It has been seen that at the end of the fiscal year 2022-23, the per capita income has decreased to $2750, which was $2,793 at the end of the fiscal year 2021-22. That is, the per capita income decreased by $43 last financial year. This is the first time that per capita income has declined in recent times.
However, GDP and per capita income calculations are not acceptable in international circles. In that case disclosure of accounts in dollars is mandatory. However, BBS has tactfully avoided reducing per capita income in terms of dollars. However, the organization showed the per capita income of $2,765 for the fiscal year 2022-23 published last May. At that time, the dollar exchange rate was Tk 97.81. However, according to Bangladesh Bank, at the end of the last financial year, the dollar exchange rate stood at Tk99.42.
According to BBS data, the country’s GDP in the fiscal year 2022-23 is Tk 44 lakh 90 thousand 842 crore. At this time the total national income (GNI) stood at Tk46 lakh 70 thousand 80 crores. In the previous (2021-22) fiscal year, the country’s GDP was Tk 39 lakh 71 thousand 716 crores. In that financial year, the national income was Tk 41 lakh 29 thousand 62 crores. In other words, last financial year GDP size increased by Tk 5 lakh 19 thousand 125 crore and national income increased by Tk 5 lakh 41 thousand 18 crore.
Although the population of the country has been shown to have decreased in the last financial year. As a result, GDP per capita and national income per capita increased in terms of rupees. BBS has shown that the population of the country in 2021-22 fiscal year was Tk17 crore 13 lakh. In the last financial year, it has decreased to Tk17.08 crore. That is, the population has decreased by about five lakhs. But in the previous fiscal year, the country’s population increased by 2.2 million.
Due to population reduction, the per capita GDP has increased to Tk262,868 in the financial year 2022-23, which was Tk 231,861 in the financial year 2021-22. And at the end of the last financial year, the national income per capita increased to Tk273,360, which was Tk241,047 at the end of 2021-22 financial year.
Before this, the GDP size of 2020-21 financial year was Tk 35 lakh 30 thousand 185 crore and national income was Tk 37 lakh 15 thousand 997 crore. In that financial year, the population of the country was Tk16 crore 91 lakh. At the end of the fiscal year 2020-21, the per capita GDP was Tk2 lakh eight thousand 751 and the per capita income was Tk2 lakh 19 thousand 738.
According to Bangladesh Bank, the average exchange rate of the dollar in that financial year was Tk84.81. In this, the size of GDP stands at $ 400,000.16 and GNI $ four hundred thousand 38 thousand 175 million. And in the fiscal year 2020-21, GDP per capita is $2,462 and per capita income is $2,591.
Meanwhile, the average exchange rate of the BBS dollar for the fiscal year 2021-22 is Tk 86.30. In that fiscal year, the size of GDP increased to $460 thousand 219 and GNI $478 thousand 451. And in 2021-22 fiscal year GDP per capita was $2,687 and per capita income was $ 2,793.
According to the data of Bangladesh Bank, the average exchange rate of the dollar increased to Tk 99.42 in the fiscal year 2022-23. However, the dollar exchange rate has fluctuated throughout the year. However, BBS calculates GDP and GNI by taking into consideration the average dollar exchange rate published by Bangladesh Bank every year.
It can be seen that the size of GDP decreased to $4 lakh 51 thousand 704 and GNI $4 lakh 69 thousand 732 in last financial year. As a result, at the end of the fiscal year 2022-23, GDP per capita decreased to $2,644 and per capita income to $2,750.
Every year, the GDP and national income calculations are published in dollars in addition to taka, but this time why the dollar calculation was omitted, Director General of BBS Mohammad Mizanur Rahman told, “The exchange rate of the dollar has fluctuated a lot this time. For that reason, we have decided to publish the account only in the amount of money this time.
Bangladesh Bank has an official average exchange rate. In response to the question as to why the GDP and national income calculations were not published in dollars, the Director General said, “It is the decision of the authorities.” However, he did not want to comment on the fact.