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Per capita income increases
Bangladesh Sangbad Sangstha . Dhaka
Despite decrease in the Gross Domestic Product, the per capita income increased in the 2008-09 fiscal year, ended on June 30.
The latest data of the Bangladesh Bureau of Statistic shows per capita income rises to US690 dollars at the end of June this year, which was US608 dollars in 2007-08 financial year.
The per capita income rises due to the increase in the remittance inflow and export earning, said economist professor Abu Ahmed.
Besides, he said the GDP declined slightly last year, but growth in agriculture sector was positive, which also helped increase per capita income.
According to the BBS statistic, the per capita income in local currency was Taka 47,373 and the population was 14.42 crore in the 2008-09 financial year.
The statistic also showed law inflation during the period, which was a major contributory factor to the increase in the per capita income.
The point-to-point inflation decreased to a six-year low of 2.25 in the end of June. Earlier in 2003, the country saw the lowest 2 per cent inflation on point-to-point basis. The inflation, however rose to a record high of 11 per cent in January 2008, according the BBS statistics.