Construction sector to witness double digit growth - Share market analysis of dhaka stock exchange, Bangladesh

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16 April, 2018 10:21 AM Source: The Financial Express Bangladesh

Construction sector of the country is set to post double digit growth in the current fiscal year, FY18.

Provisional estimation of the Bangladesh Bureau of Statistics (BBS) showed that the sector is set to post 10.11 per cent growth in FY18, which was 8.77 per cent in the previous fiscal year.

The sector’s share in the Gross Domestic Product (GDP) is also estimated to increase to 7.53 per cent in the current fiscal, which was 7.36 per cent in FY17.

The value of the economic activities of the sector is estimated at Tk 737.17 billion for FY18.

Meanwhile, the latest labour force survey showed that some 3.43 million workers are now employed in this sector.

Construction sector is one of the 15 major sectors that contribute to the GDP.

It is also placed under the broader industry sector of the economy.  

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