Household’s income doubled in six years

DE Online Desk
Data from the latest Household Income and Expenditure Survey (HIES) has revealed that household’s income has increased in the country while poverty and extreme poverty rates have declined throughout the nation.
The household’s average monthly income has increased in nominal terms to Taka 32,422 in 2022, from Taka 15,988 in 2016 and Taka 11,479 in 2010, according to the Bangladesh Bureau of Statistics (BBS).
In the final report of HIES 2022 launched on Wednesday, the BBS made significant developments by selecting the quality enumerators, conducting residential training, Introducing CAPI (Computer Assisted Personal Interviewing), improving data collection tools, substantially increasing the number of food and non-food items based on COICOP (Classification of Individual Consumption by Purpose), and implementing continuous monitoring and supervision etc. This has resulted in an improvement in data tracking and accuracy during the survey, which has been reflected in the consumption, income and expenditure aggregates. The Dissemination Program of the ‘Final Report of Household Income and Expenditure Survey (HIES) 2022’ was held Wednesday at BBS Auditorium in the capital’s Agargaon area.
Planning Minister MA Mannan addressed the function through video message as the chief guest.
Dr. Hossain Zillur Rahman, Executive Chairman, PPRC and Chairman, BRAC, Dr. Shahnaz Arefin ndc, Secretary, Statistics and Informatics Division (SID), Ministry of Planning and Dr. Md. Kawser Ahmed, Member (Secretary), General Economics Division (GED) were present as special guests. Mohammed Mizanur Rahman, Director General of the Bangladesh Bureau of Statistics (BBS), chaired the program.
The key findings of the Final Report of the HIES 2022 are as follows: Household living standards and socio-economic status have improved:
The 2022 data found that household-level access to electricity increased to 99.3% in 2022 from 75.9% in 2016 and 55.3% in 2010. Similarly, 92.3% of households have access to improved toilet facilities, and 96.1% have access to improved sources of drinking water. Notably, Bangladesh’s literacy rate (7 years and over) rose significantly to 74.0% in 2022 from 65.6% in 2016 and 57.9% in 2010. Household monthly total expenditure has increased: Monthly total expenditure among households has increased nominally to Taka 31,500 in 2022 from Taka 15,715 in 2016 and Taka 11,200 in 2010.