Thought for the day

Bangladesh’s GDP has Risen by 313% Since 1996, Well Above Asia's and the Frontier Market Growth Rates


 
Last updated: 3 July 2024
 
Favourable demographic factors likely to sustain future growth

Bangladesh's GDP Growth
Index: 1995=100
Bangladesh’s GDP has Risen by 313% Since 1996, Well Above Asia
* GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.


Real GDP in Bangladesh has risen by 313% since 1996 way outperforming the 260% rise in the Asia-Pacific region and the 193% rise in Frontier Markets. GDP growth in Bangladesh kept pace with these benchmarks until 2006 when the country’s growth rate accelerated. The country’s ten-year cumulative annual average growth rate has been 6.4% and over the last 5 years, it was only a little lower at 6.3%.

Growth could be maintained since Bangladesh has a demographic dividend. Almost 40% of the population of 166 million are under the age of 15. Furthermore, the median age of the population is low at 27.6 years, and if the employment to population ratio standing at 56.5%, rises this would increase GDP further.  See more data...



More perspectives using World Economics data

Indian GDP Growth Leaves Pakistan Far Behind
Indian GDP Growth Leaves Pakistan Far Behind
Comparing the economic performance of India and Pakistan is not so easy, as neither country excels in the production of reliable GDP data. Indian GDP data is rated C grade by World Economics, which theoretically makes the numbers believable. Pakistan clearly lags with D Grade GDP data. However Indian data is classified as at the bottom of the C grated countries, and Pakistan not so far from the to...
Asia Facing Demographic Adversity
Asia Facing Demographic Adversity
Countries in Asia have historically seen some of the highest fertility rates worldwide. In 1970, South Korea’s rate was more than double the replacement threshold. Today, it is far below that level, meaning that each coming generation will be approximately half as large as the one before it. Similarly, major nations such as China and India have seen dramatic falls to rates which are currently also bel...
Poor Governance in the Global South
Poor Governance in the Global South
The Global South does not shine as a beacon of Good Governance. In the World Economics Global Governance rankings, the South registers badly, with only two countries (out of 99) rated A grade, only 14 countries rated as B Grade, and 54 rated D (poor) or E grade (pretty awful). The Global Governance Index combines the results of the independently generated Rule of Law Index (1); Press Freedom Index (...