Bangladesh has outpaced India and Pakistan in per capita GDP for the fourth consecutive year, according to 2023 data. With a per capita GDP of USD 2,621, Bangladesh stands ahead of India (USD 2,612) and Pakistan (USD 1,471).
This achievement underscores Bangladesh’s economic resilience amidst global challenges, including the COVID-19 pandemic and geopolitical uncertainties. The country’s steady transition from a low-income to a middle-income nation has been driven by robust growth in sectors such as garments, remittances, and manufacturing.
The World Bank has recognized Bangladesh as a regional leader in income growth, attributing its progress to sound economic policies and investments in human capital. Experts see Bangladesh as a model for sustainable development, maintaining impressive growth rates while reducing poverty and inequality.
This success story reflects Bangladesh’s commitment to long-term economic stability and strategic planning, solidifying its position as a key player in South Asia’s economic landscape.
Source: Business Inspection BD
