Dhaka: Finance Minister Amir Khosru Mahmud Chowdhury on Monday announced that the government is working with a comprehensive plan to increase people’s income and transform Bangladesh into a trillion-dollar economy by 2034. In response to a written question from ruling party lawmaker from Dhaka-18 SM Jahangir Hossain in Parliament, he indicated that the per capita income of the country stood at US$2,769 in the fiscal year 2024-25, based on the latest data from the Bangladesh Bureau of Statistics (BBS).
According to United News of Bangladesh, the minister stated that the present government has set a significant target to reach the trillion-dollar economy milestone by 2034. A broad-based action plan is in development, focusing on investment, employment generation, economic democratisation, creative economy, and sports economy. The government is not concentrating on a single sector to boost per capita income; it is simultaneously addressing employment, investment, production, exports, remittances, skill development, social protection, and macroeconomic stability.
Khosru outlined several key initiatives aimed at raising people’s income and strengthening the economy. The government is prioritizing the creation of new employment opportunities in sectors such as production, construction, service, ICT, agro-processing, and small entrepreneurship to reduce unemployment and increase household income.
The minister added that steps are being taken to enhance private investment and industrialization by simplifying business procedures, ensuring investment-friendly policies, and encouraging production-oriented industries to create more jobs and income opportunities. To support the SME and entrepreneurship sector, the government is facilitating easier financing, supporting new entrepreneurs, and encouraging women and youth entrepreneurs to expand economic activities at the local level.
Khosru also mentioned that export growth and market expansion are being prioritized through diversification of export products, exploration of new markets, and retention of existing markets to boost foreign earnings and industrial production. In terms of remittances, initiatives have been taken to enhance overseas employment, improve workers’ skills, and encourage sending remittances through legal channels, which will strengthen rural economies and foreign exchange reserves.
The minister further stated that skill development and training programs are being expanded in line with domestic and international labor market demand to ensure that skilled manpower can secure better jobs and higher income. The government is also strengthening agriculture, rural infrastructure, and agro-based economic activities to increase production and income at the grassroots level.
Regarding implementation, Khosru noted that some initiatives are already underway in the 2025-26 fiscal year, while others will be executed in short, medium, and long-term phases. He expressed hope that through sustained efforts in employment, investment, exports, remittances, and skill development, Bangladesh will achieve higher per capita income, reduce unemployment, increase purchasing power, and move steadily toward becoming a trillion-dollar economy by 2034.