Bangladesh Per Capita Income

 Bangladesh Per Capita Income

 Economic Overview of Bangladesh

1. Per Capita Income:

   👉 Current per capita income: USD 2668.

    👉Total GDP: USD 460.2 billion.

   👉Population: 171.2 million.                                                Economy getting Rich

   👉Comparison with global average per capita income: USD 12,235.

   👉 Positioned just behind Singapore and ahead of Iran in total GDP.

2. Growth and Confidence:                                                        Bangladesh Become Rich

    ✔Strong growth trajectory.

   ✔Increased confidence in economic stability.

   ✔Sensible economic strategies contributing to growth.

3. Industrial Growth:                                                               

  Growth Strong                                                          

   🌟Significant increase in industrial activities.

   🌟Major contributor to overall GDP growth.

4. Infant Mortality Rate:

   🌟 Bangladesh: 25.6%

   🌟India: 28.3%

   🌟 Bangladesh's infant mortality rate is better than India's.

5. Life Expectancy:

   👫Bangladesh: 72 years.

   👫 India: 69.5 years.

 6. Female Workforce Participation:

   👫Bangladesh: 36.4%.

   👫 India: 20.3%.

   👫Bangladesh shows higher female workforce participation compared to India.

 7. Historical GDP Comparison:

   😃 In 2020, India's per capita income: USD 1876.

   😃In 2020, Bangladesh's per capita income: USD 1887.

   😃World Bank data indicates India might surpass Bangladesh again in 2021.

 8. Economic Outlook and Analysis:

   💚 Nominal terms used for comparison (inflation not considered).

   💚Some economists argue a small difference in per capita income

         (10 to 12 USD) is negligible.

   💚Real income and wealth might suggest that Indian people are richer than Bangladeshis.

 9. Regional Comparisons:

   💦Notable economic activities in Vietnam, Indonesia, and Bangladesh.

   💦These countries are experiencing substantial growth and development.

 10. Sports Context:

    💦 Bangladesh cricket team ranked 7th in one-day cricket.

    💦 India ranked one-day cricket first or Second.

 11. Future Projections:

    💝 Continued focus on economic growth and development.

    💝Expected positive growth trajectory through 2024.

  Conclusion

Bangladesh demonstrates a strong economic growth pattern, with significant advancements in industrial output and workforce participation. The country’s per capita income and life expectancy figures are notable, especially in comparison with regional counterparts like India. As Bangladesh continues to focus on economic development, the projections for future growth remain positive.

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Tarun