Bangladesh has topped in attaining GDP growth compared to other countries of the world over

the last 10 years since 2009 under the current price method.

The inspirational information was revealed by Finance Minister Mustafa Kamal at the Cabinet
meeting on Monday.

The finance minister quoted ‘The Spectator Index’ published on August 29 highlighting the
performance of top 26 GDP growth gaining countries of the world.

The publication showed that the percentage of growth of Bangladesh is 188 followed by China’s
177, India’s 117, Indonesia’s 90, Malaysia’s 78, Australia’s 41 and Brazil’s 17 percent.

The Finance Minister at the cabinet meeting, also congratulated Prime Minister Sheikh Hasina
for this outstanding achievement on behalf of the whole nation.

Bangladesh would set a strong example in the global economic arena soon if the current trend of
advancement continues under the dynamic leadership of Prime Minister Sheikh Hasina.

It would be possible to build “Sonar Bangla” as dreamt by Father of the Nation Bangabandhu
Sheikh Mujibur Rahman through attaining much stronger results in the economic front under the
dynamic guidance of the Prime Minister.

Bangladesh has been marred by tragedy including: the 1971 Liberation War, poverty,
natural disasters—and now—one of the world's largest refugee crises after receiving an
influx of 750,000 Rohingya Muslims who fled persecution in neighboring Myanmar.

However, with remarkably little international attention, Bangladesh has also become one
of the world's economic success stories. 

Aided by a fast-growing manufacturing sector—its garment industry is second only to

China's—Bangladesh's economy has averaged above 6% annual growth for nearly a
decade; reaching 7.86% last year June.

From mass starvation in 1974, the country has achieved near self-sufficiency in food
production for its more than 166 million people. Per capita income has risen nearly
threefold since 2009, reaching $1,750 this year. 
Meanwhile, the number of people living in extreme poverty—classified as under $1.25
per day—has shrunk from about 19% of the population, to less than 9%, over the same
period, according to the World Bank.

Bangladesh in 2017 celebrated a pivotal moment when it met United Nations criteria to
graduate from "least developed country" status by 2024. Prime Minister Sheikh Hasina
considers the elevation of status to "developing economy"  a significant boost to the
nation's self-image.

Bangladesh's economic performance has even exceeded government targets on many

fronts.

With a national strategy focused on manufacturing—dominated by the garment industry

—the country has seen exports soar by an average annual rate of 15-17% in recent years;
reaching a record $36.7 billion last year through June. 

This sector is on track to meet the government's goal of $39 billion in 2019, and Prime
Minister Sheikh Hasina has urged industry to reach a $50 billion valuation by 2021; to
mark the 50th anniversary of the Liberation War.

A vast community of about 2.5 million Bangladeshi overseas workers further buoys the
economy with remittances that jumped an annual 18% to top $15 billion in 2018.

Bangladesh economy is now going to cross a record 8 percent growth mark in the current fiscal
year, powered by high performance in manufacturing and service sectors.

Despite a dip in the farm sector performance, the GDP growth in 2018-19 is likely to be 8.13
percent, up from 7.86 percent the previous year, according to the provisionary figure from the
Bangladesh Bureau of Statistics (BBS).