Per Capita Income Rises in Local Currency Despite Drop in US Dollar Value

Bangladesh's per capita income has risen to Tk 29,367 in 2022-23, despite a drop of $28 in US dollar value. The provisional projection of the Bangladesh Bureau of Statistics (BBS) estimated that the per capita income would increase from Tk 241,047 to Tk 270,414 in 2022-23. The depreciation of the local currency resulted in the rise of per capita income in Bangladeshi taka.

Bangladesh's per capita income has fallen by 1% YoY to $2,765 in the fiscal year 2022-23, as reported by the Bangladesh Bureau of Statistics. The fall is attributed to the devaluation of taka against the US dollar. However, State Minister for Planning Shamsul Alam said the per capita income grew in terms of taka, in line with the economy, which grew 6.03% this fiscal year. The BBS survey showed that the per capita monthly income in Bangladesh increased by more than 93% to Tk7,614 in the last six years.

The per capita monthly income of Bangladesh has increased by over 93% to Tk7,614 in the last six years, according to the Household Income and Expenditure Survey 2022 of the Bangladesh Bureau of Statistics. The survey indicates that every household in the country earns an average of Tk32,422 per month, and the per capita income stands at Tk7,614 after splitting it among a little over four-member family.