The Leading Economic Powerhouse of South Asia: Bangladesh

Bangladesh is a nation of 164.7 million people. It’s located on the northeastern shore of the Bay of Bengal. Bangladesh’s land area is slightly smaller than the state of Texas and slightly larger than the state of Vermont. Bangladesh is situated in the southeastern portion of the Indian subcontinent and is bordered by India to the north, Thailand, and Myanmar to the west, East Bengal to the south, and India to the east.

Bangladesh is the leading economic powerhouse in South Asia. It is a country that has been able to sustain its growth rate for over two decades. The country has been able to do this through a policy of liberalization, which has allowed it to be open and welcoming to foreign investments.

The country has a GDP of $400 billion, ranking as the 41st largest economy in the world. The average annual growth rate for Bangladesh is 6.50%.

According to a report for the year 2021, the per head GDP of the people of Bangladesh is 1680.00 USD. And it’s increasing continuously.

Foreign investments are playing an important role in Bangladesh's economic growth. They account for around 23% of total investments and have helped to create more than 2 million jobs since 1991.

Bangladesh has a strong future as it is a resource-rich country with low labor costs and a high-skilled workforce. It also has great potential for exports and tourism, which could help to make Bangladesh a stronger economy in the near future.