Bangladesh economy has secured 44th position globally jumping 14 steps ahead as per the current prices of Gross Domestic Product (GDP) buoyed by the healthy and persistent growth in the last few years.
In 2015, the size of country’s GDP expanded to US$ 205.3 billion, which was US$ 149,990 million in 2013 with the 58th position.
Besides, based on the purchasing power parity 2015, Bangladesh also upgraded its position by three steps occupying the 33th place from 36th position in 2013.
Planning Minister A H M Mustafa Kamal revealed this before the meeting of the Executive Committee of the National Economic Council (ECNEC) today. Prime Minister Sheikh Hasina presided over the meeting held at the NEC conference room in the city’s Sher-e-Bangla Nagar.
Ministry of Planning prepared the report “Bangladesh is moving ahead, the latest position of Bangladesh in the global economic arena” basing on the information of the World Development Indicators database, World Bank, April 2015 and the IMF World Economic Outlook (WEO), April 2015.
Planning Minister said they want to move ahead with a smooth pace in terms of project implementation in the next year and the subsequent years utilizing the resources properly.
The statistics showed Bangladesh is still ahead of countries like Vietnam, Kazakhstan, Portugal, Qatar, New Zealand and Peru as per the current prices of GDP.
According to the GDP based on current prices of 2015, the United States is holding the first position with a GDP size of $18,124.70 billion followed by China with a GDP size of $11,211.90 billion, Japan with a GDP size of $4,210.40 billion, Germany with a GDP size of $3,413.50 billion and United Kingdom with a GDP size of $2,853.40 billion.
Based on the 2013 prices, Bangladesh’s economy was at 58th place with a GDP size of $ 149,990 million. However, the U.S. was at the top with $ 16,768,100 million while Vietnam was at 57th position with $ 1,71,390 million.
Commenting on the report, Prime Minister Sheikh Hasina said: “We have been maintaining over 6 per cent GDP growth since last six years, which is a great achievement for the country and all the people of the country have contributed for the achievement.”
“We’ve to pull the country’s economy ahead through the effective management of resources what we have . . . and I hope the existing trend of economic development would boost further,” she added.
Considering GDP based on purchasing power parity 2015, Bangladesh has upgraded its position with a ranking of 33 with a GDP size of $ 572.4 billion ahead of Algeria, Vietnam, Iraq, Venezuela, Belgium and Switzerland.
However, as per the GDP based on purchasing power parity 2013, the
position of Bangladesh in global economic arena was at 36 with GDP size of $ 461,644 million ahead of Switzerland, Sweden, Singapore, Ukraine, Hong Kong and Qatar.
BSS