Bangladesh has been ranked as the ninth-largest economy in Asia and second in South Asia based on the size of its Gross Domestic Product (GDP), according to the Asian Development Bank’s (ADB) 2025 Basic Statistics Report. With a GDP of USD 450.5 billion in 2024, the country continues to strengthen its position as a rising economic power in the region.

This ranking highlights Bangladesh’s strong position among Asia’s top economies, closely following the Philippines and outpacing several other key players in the region.

South Asia’s Rising Star

In South Asia, Bangladesh stands as the second-largest economy after India, reflecting sustained economic progress over the years. This growth has been underpinned by robust performance in key sectors such as ready-made garments, remittances, and services, demonstrating the country’s diversification and resilience in the face of global challenges.

Strong Regional Performance Across Key Indicators

In addition to its overall GDP ranking, Bangladesh stands out across several socioeconomic indicators in the Asia-Pacific region:

• Low Poverty Rate
  Only 5.0% of the population lives below the USD 2.15 PPP poverty line—an encouraging sign of progress in reducing extreme poverty.
  
• High GDP Growth Rate
  With an annual growth rate of 4.2% in 2024 (preliminary), Bangladesh remains one of the fastest-growing economies in South Asia, despite global economic headwinds.
  
• Large and Expanding Nominal GDP
  The country’s USD 450.5 billion economy places it among the top performers in the region and underscores its growing macroeconomic significance.
  
• Moderate Inflation
  Projected at 9.7%, Bangladesh’s inflation rate remains more controlled than several peer economies, signaling prudent economic management.
  
• Stable Population Growth
  An average population growth rate of 1.3% (2019–2024) provides a stable demographic outlook to support sustainable development planning.
  

A Promising Investment Destination

Bangladesh’s economic resilience, consistent growth, and progress in poverty reduction make it an increasingly attractive destination for investment. As the country continues to implement reforms and enhance infrastructure, its potential for further advancement within Asia’s economic landscape remains strong.

Note: This report was originally published by ADB

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