Bangladesh per capita income witnesses exponential growth in AL era

Bangladesh per capita income witnesses exponential growth in AL era

From the rubbles of an war-ravaged country, Bangladesh per capita income (nominal) has now shoot up to $2,793 in 2023 after beginning with a mere $91 in 1972 just after independence weathering various odds and difficulties thanks to the prudent macroeconomic policies of the Awami League government.
It was more than three and a half year tenure of Father of the Nation Bangabandhu Sheikh Mujibur Rahman when the per capita income increased by 204 percent or more than three times to $277 in 1975. Before the assassination of Bangabandhu, the architect of the nation took the economy to a stable state from a fragile condition.
Per capita income in 1973 was $114 with a 25 percent rise from the previous year while it was $172 in 1974 with a 51 percent increase. The Taka-Dollar exchange rate was 7.7 in 1972, which reached 12.18 in 1975.