Bangladesh ahead of all | The Daily Star
12:00 AM, February 03, 2019 / LAST MODIFIED: 12:23 AM, February 03, 2019

Bangladesh ahead of all

Shows Spectator Index on per capita GDP growth

Bangladesh equalled China and India to log in the highest per capita economic growth globally in the last five years, according to The Spectator Index.

The country's per capita growth was 45 percent in the past five years in terms of purchasing power parity, which is the same as neighbouring India and China, reported the index on its Twitter account yesterday.

The index -- which is run by The Spectator, a weekly British magazine focused on politics, economics, history, military affairs, sports, science, and technology -- also compared Bangladesh's economy with that of Venezuela to show how much the South Asian nation has progressed over the years. In 1980, the size of Venezuela's economy was $117 billion in PPP terms compared to Bangladesh's $41 billion. In 2018, the gross domestic product of Venezuela stood at $330 billion, whereas it was $751 billion for Bangladesh. 

In the last five years, Indonesia's per capita GDP growth was 29 percent, Turkey's 27 percent, Pakistan's 24 percent, South Korea's 22 percent and Egypt's 18 percent.

It was 17 percent for the US, 15 percent for Germany, 15 percent for the UK, 13 percent for Canada, 13 percent for Japan, 12 percent for France, 12 percent for Italy, 9 percent for Saudi Arabia, 9 percent for Russia, 4 percent for Nigeria and a negative 1.2 percent for Brazil.

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