Bangladesh’s provisional per capita income increased by 9 per cent to USD 2,824 in 2021-22.According to analysts, the per capita income figure does not reflect the true situation afflicting the public, with great disparities and high prices.
According to the Bangladesh Bureau of Statistics’ (BBS) latest Household Income and Expenditure Survey (HIES), the country’s Gini coefficient, which is an economic indicator of equality, was 0.482 in 2016, up from 0.458 in 2010.
Bangladesh’s Gini coefficient is now at an all-time high, indicating that societal inequality is also at an all-time high. According to the BBS statistics, food inflation increased by 12 basis points to 6.34 percent. Besides, the Consumer Price Index increased to 6.22 percent in March from 6.17 percent a month earlier (BBS). It’s the highest level since October 2020. As a result, expert suggests that the government concentrate on improving income distribution and social safety net spending.