Business Desk :
August revealed a remarkable turnaround for Bangladesh’s GDP per person of $1,538, which is higher than that of Pakistan’s GDP per person, standing at $1,470.
The respective currencies were converted into dollars at market exchange rates for the calculation of the GDP per head.
After gaining independence from Pakistan in 1971, Bangladesh was left in dire circumstances where the industry accounted for only 6-7percent GDP, compared to Pakistan’s 20percent. The battle for independence led to the displacement of million lives and damaged infrastructure, while Pakistan’s bankers and industrialists severed ties with the newly formed country.
However, Bangladesh rose from the ashes of the past and transformed itself into a state of flourishing economic growth.
August revealed a remarkable turnaround for Bangladesh’s GDP per person of $1,538, which is higher than that of Pakistan’s GDP per person, standing at $1,470.
The respective currencies were converted into dollars at market exchange rates for the calculation of the GDP per head.
After gaining independence from Pakistan in 1971, Bangladesh was left in dire circumstances where the industry accounted for only 6-7percent GDP, compared to Pakistan’s 20percent. The battle for independence led to the displacement of million lives and damaged infrastructure, while Pakistan’s bankers and industrialists severed ties with the newly formed country.
However, Bangladesh rose from the ashes of the past and transformed itself into a state of flourishing economic growth.
