AMN/ WEB DESK
Bangladesh’s gross domestic product (GDP) growth declined significantly to 1.81 per cent in the first quarter (July-September) of the current fiscal year, compared to 6.04 per cent during the same period last year. According to the Bangladesh Bureau of Statistics (BBS) data, this is the slowest expansion in over three and a half years as political turmoil affected economic activity in the country. In Bangladesh, the Financial Year starts from July 1.
Sector-wise, the agricultural output rose just 0.16 percent in the first quarter, down from 0.35 percent growth a year earlier.
The manufacturing sector growth sharply declined from 8.22 percent in the first quarter of FY24 to 2.13 percent in corresponding FY 25.
The services sector, which accounts for a significant share of the country’s GDP, grew by 1.54 percent, compared to 5.07 percent a year earlier.
Bangladesh experienced political turmoil and law and order crisis during periods of July to September months last year which resulted in low business confidence.