Business Desk :
Bangladesh will become the 28th largest economy in the world by 2030 and 25th largest economy by 2035, according to the UK’s Centre for Economics and Business Research (CEBR).
As per the report of CEBR, the size of the economy will nearly treble to US$855 billion in 2035 from the $301 billion in 2020 in the US dollar constant prices.
In current terms, Bangladesh will become more than a trillion-dollar economy before the period, showed the latest edition of the World Economic League Table of the think-tank. In its annual league table on the growth prospects of 193 countries, the consultancy group said that despite the Covid-19 pandemic, Bangladesh was able to escape a contraction in 2020, reports BSS.
The rate of gross domestic product (GDP) growth in Bangladesh is anticipated to have dipped to 3.8 percent in 2020. This compares to 8.2 per cent GDP growth recorded in 2019.
Government debt as a share of GDP rose to 39.6 per cent in 2020, which remains a low level. The government operated a fiscal deficit of 6.8 per cent in 2020, facilitated in part by the low debt to GDP ratio. “This will have bolstered the economy in the past months,” the report said.
Between 2021 and 2025, CEBR forecasts that the annual rate of GDP growth will accelerate to an average of 6.8 per cent.
Bangladesh will become the 28th largest economy in the world by 2030 and 25th largest economy by 2035, according to the UK’s Centre for Economics and Business Research (CEBR).
As per the report of CEBR, the size of the economy will nearly treble to US$855 billion in 2035 from the $301 billion in 2020 in the US dollar constant prices.
In current terms, Bangladesh will become more than a trillion-dollar economy before the period, showed the latest edition of the World Economic League Table of the think-tank. In its annual league table on the growth prospects of 193 countries, the consultancy group said that despite the Covid-19 pandemic, Bangladesh was able to escape a contraction in 2020, reports BSS.
The rate of gross domestic product (GDP) growth in Bangladesh is anticipated to have dipped to 3.8 percent in 2020. This compares to 8.2 per cent GDP growth recorded in 2019.
Government debt as a share of GDP rose to 39.6 per cent in 2020, which remains a low level. The government operated a fiscal deficit of 6.8 per cent in 2020, facilitated in part by the low debt to GDP ratio. “This will have bolstered the economy in the past months,” the report said.
Between 2021 and 2025, CEBR forecasts that the annual rate of GDP growth will accelerate to an average of 6.8 per cent.
