Economic performance: The basics
Once ridiculed as the "bottomless basket", Bangladesh has recently been awarded the status of a lower middle income country by the World Bank (WB) as the Gross National Income (GNI) per capita of Bangladesh exceeded the $1,046 threshold. It is indeed a great moment of redemption and pride for the nation. However, it is not readily clear to many Bangladeshis (except the economists and the experts), what exactly the achievement of this momentous milestone means. This commentary explains, for the general readership, the basics of national income measurement.