Bangladesh leaps into lower-middle income group of countries July 3, 2015Posted by bdoza in BANGLADESH.
World Bank declares Bangladesh leaps into lower-middle income group of countries. Its Gross National Income per capita (GNI) becomes $1314 as assessed by Bangladesh Bureau of Statistics on May 14 2015. The group contains the countries with income ranging from $1046 to $4125. Bangladesh now 35th largest economy in WB’s ranking.
We are feeling richer. But are we?
How the GNI is calculated?
Gross national income (GNI) is defined as the sum of value added by all producers who are residents in a nation, plus any product taxes (minus subsidies) not included in output, plus income received from abroad such as employee compensation and property income.
So GNI does not reflect the poverty, unemployment, non-investment, disparity, deprivation around.
An ordinary citizen