Bangladesh’s long-term outlook looks brighter as a leading London-based think tank projects the country to become the 20th largest economy out of 191 countries by 2037, owing to its macroeconomic stability, strong remittance flows and a robust export market.
The Centre for Economics and Business Research (CEBR) last year projected that Bangladesh would become the 24th largest economy by 2036.
The CEBR disclosed its latest findings in its annual World Economic League Table (WELT 2023) report on Monday, stating that Bangladesh has been among the world’s fastest growing economies over the last decade.
The country is forecasted to place 35th in 2023, reaching 26th spot in 2027, before eventually jumping to 20th in 2037, according to the latest report.
This represents an economic boom during the ongoing, as well as, the next decade.
Previously, the nation held 57th, 58th, and 42th positions in 2007, 2012, and 2017 respectively, indicating an upward trend in economic performance and consistency in growth.