Bangladesh recorded the highest economic expansion among a list of 26 selected countries worldwide during the past 10 years, according to The Spectator Index. Between 2009 and 2019, its gross domestic product (GDP) expanded by 188% at current prices, compared with its closest rivals Ethiopia at 180%, China at 177%, India at 117%, and Indonesia at 90%.
The economy is forecast to grow by 8% during the fiscal year from July 2019 to June 2020 – close to the government target of 8.2% – according to the Asian Development Bank (ADB). During the previous fiscal year, the country recorded 8.13% growth. Meanwhile, India is forecast by the ADB to expand by only 6.5% in 2019, and China by 6.2%. Globally, only Ghana at 8.79% and South Sudan at 8.78% are growing faster than Bangladesh, according to the International Monetary Fund (IMF).
