Bangladesh’s economy grew by 3.69% in fiscal year 2024-25, marking a decline from the previous year’s 4.22%, according to provisional data from the Bangladesh Bureau of Statistics (BBS) released on Thursday.
The fourth-quarter GDP growth slowed to 3.35% from 4.86% in the prior quarter, though it was an improvement from the 2.14% recorded in the same period of FY24.
Despite the deceleration, overall growth was sustained by steady performances across agriculture, industry, and services.
Industrial output rose by 4.10% in the April-June period of FY25, a significant increase from 1.08% during the same period of FY24.
The services sector, contributing over half of the economy, grew by 2.96%, lower than the 3.61% in the fourth quarter of FY24.
Agriculture posted a more modest growth of 3.01% in FY25’s final quarter, down from stronger figures the previous year.
Provisional estimates show the growth rates for the first three quarters of FY25 were 1.96%, 4.48%, and 4.86%, respectively.
In comparison, FY24 recorded growth rates of 5.87%, 4.47%, and 4.62% during the same periods.
