Emerging Bangladesh

Bangladesh is one of the fastest growing economies in the world with a 10-year GDP per capita CAGR (compounded annual growth rate) of 9.60%. Rapid urbanization, demographic dividend, growing middle and affluent class, and digital inclusion are contributing to the growing maturity of its business ecosystem. 

Acclaimed as an economic miracle on its way to become the 25th largest global economy. Bangladesh had an 8% growth rate pre-pandemic, 2.4% during it (one of the few economies that grew during COVID), and is estimated to grow 6.9% during 2022-2023. The country has a GDP of $400B which translates to a per capita of $2k (India is $1.9k and Pakistan $1.1k). In addition, Bangladesh has adopted an industrialized approach to growth, mostly notably with the garment industry, which represents 84% of GDP. Private and foreign investment represents 32% of GDP, which indicates a healthy sign of capital inflows and is partly driven by a stable inflation rate of 5% coupled with a relatively low interest rate at 4.5%. Bangladesh government had launched its 2041 Vision Plan, which is centered around digital adoption and investment liberalization with aims to make private and foreign investment reach 46% of the GDP while doubling exploration size (by lowering tariffs and capital control).

The above figures suggest that Bangladesh is demonstrating strong macroeconomic performance among its emerging peers, which marks unique opportunities for investors.

For example, in 2020, Bangladesh experienced a recorded household consumption of $246B, with a disposable income of $96B ($850 per capita). And by 2030, Bangladesh is expected to be the 11th largest consumer economy of the world, with a per day consumer spending of $110 from $10 in 2020 (1000% growth).