Bangladesh economy is ranked 44th globally as per the GDP based on current prices of 2015, Planning Minister AHM Mustafa Kamal said, citing World Bank and IMF reports. After the ECNEC meeting on Tuesday, the planning minister at a press briefing also said Bangladesh’s GDP size now stands at $205.3 billion on the basis of current prices. Prime Minister Sheikh Hasina chaired the meeting held at NEC conference room. “For the last six years, we’ve been constantly holding a GDP growth rate over 6 percent, which is a great achievement. We have to advance our economy by bringing about structural change through proper management with whatever resources we have,” a meeting source quoted Prime Minister Sheikh Hasina as saying. “Everyone has a contribution to this tremendous economic achievement. I hope that this trend of the country’s economic progress will continue,” the premier added. Although Bangladesh is at 44th place, it is still ahead of the countries like Vietnam, Kazakhstan, Portugal, Qatar, New Zealand and Peru as per GDP based on the current prices. However, as per GDP based on purchasing power parity (PPP), Bangladesh has upgraded its position at 33 with a GDP size of $ 572.4 billion ahead of Algeria, Vietnam, Iraq, Venezuela, Belgium and Switzerland. According to the GDP based on current prices of 2013, Bangladesh’s economy was at the 58th place with a GDP size of $149,990 million. However, the US was at the top with $ 16,768,100 million while Vietnam was at the 57th position with $1,71,390 million. As per GDP based on current prices of 2015, the US is holding the first position with a GDP size of $18,124.70 billion followed by China with a GDP size of $11,211.90 billion, Japan with a GDP size of $4,210.40 billion, Germany with a GDP size of $3,413.50 billion and United Kingdom with a GDP size of $2,853.40 billion. However, as per the GDP based on purchasing power parity of 2013, the position of Bangladesh in global economic arena was at 36 with GDP size of $461,644 million ahead of Switzerland, Sweden, Singapore, Ukraine, Hong Kong and Qatar.
