Financial intermediation’s contribution to GDP stagnant

FE Online Report | Published: June 05, 2019 15:44:48 | Updated: June 14, 2019 12:12:08

The contribution of the financial intermediation to the country’s Gross Domestic Product (GDP) remained static for the last three years. 

Provisional estimation of the Bangladesh Bureau of Statistics (BBS) showed that the ratio of financial intermediation stood at 3.45 per cent of the GDP in the current fiscal year (FY19).

The ratio was similar in FY17 and FY18, according to the BBS data.

In monetary terms, the value of financial intermediation is estimated at Tk 367.12 billion in the current fiscal year, which was Tk 338.94 billion in FY18.

Thus, the activity of financial intermediation registered 8.32 per cent growth in the current fiscal year.

Monetary intermediation through banks is the major part, around 87 per cent, of the financial intermediation and its value is estimated at Tk 319.34 billion in the current fiscal year.

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