The average income of people in Bangladesh has almost doubled in the last 6 years
Manjit Sing
The average monthly income of a person in the country has almost doubled in the last six years. In 2016, the average income of a person was 3 thousand 940 taka. And currently the monthly average income of a person is 7 thousand 614 taka.
This picture emerged in the final report of Household Income and Expenditure Survey 2022 published by Bangladesh Bureau of Statistics (BBS) on Sunday (December 17). Earlier, the preliminary results were released last April.
According to the BBS report, the income of city people is much higher than that of village people. The average monthly income of a person in the city is 10 thousand 951 taka. And the income of village people is close to half of 6 thousand 91 taka.
Not everyone in a family earns and there are children, old people and women who cannot work due to natural reasons. But a family can have one or more earners. The average income of these earners is also given in the survey.
The average income of earners is Tk 25 thousand 707. 6 years ago its amount was 13 thousand 646 taka. This calculation is based on the income of the earner only.
What is the monthly income and expenditure of a family, it is also stated in the Household Income and Expenditure Survey.
According to BBS, the average number of members in a household or family in Bangladesh is 4.26. The monthly income of that family is 32 thousand 422 taka. An average of 31,500 taka is spent per month. A family spends an average of 14 thousand 3 rupees per month on food.
In this regard, BBS Deputy Director and Director of Household Income and Expenditure Survey Project Mohiuddin Ahmed told reporters that the initial results were the same in the original report. This time only the details have been said. In the last six years, there has been a change in income and expenditure due to changes in socio-economic conditions.
At the same time, the wealth of the rich has become more concentrated. Income inequality has also become more pronounced.
It has been seen that the richest 10% of the country’s total income is about 41%. In 2016, this rate of income was 39. However, the income share of the poorest 10 percent has increased slightly. Now 1.31 percent of the country’s total income is in their hands. 8 years ago this rate was 1.002.
