Bangladesh’s economy to reach $1 trillion by 2040

| Updated: January 25, 2023 14:09:18

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The size of Bangladesh’s economy will be $1.0 trillion by 2040, if the current consecutive growth of over 6.0 per cent continues while it will be achieved by 2030 if the growth goes over 8.0 per cent, said an official document of the planning ministry.

The information has also been placed in the updated picture of the economy of Bangladesh presented by the ministry of planning in the meeting of the Executive Committee of the National Economic Council (ECNEC), on Tuesday.

The document stated that the average economic growth of Bangladesh has been 6.4 per cent in the last six years. Even if this growth falls below 5.0 per cent, the economy of Bangladesh will touch the milestone of trillion dollars by 2040, reports UNB.

But if economic growth increases to 8.0 to 9.0 per cent and internal stability is maintained, it will reach trillion dollars by 2030.

The Canadian online publication Visual Capitalist on December 29 published the statistics of the International Monetary Fund (IMF) showing the size of Bangladesh's economy at $465 billion. Bangladesh was ranked 35th among major economies last year.

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