HSBC Global Viewpoint
Under the Banyan Tree - Bangladesh: Introducing a sleeping giant
Aug 24, 2023
Exploring the economic potential of Bangladesh, including its GDP growth rate and foreign direct investments. Discussion on the influx of tech companies and the role of the textile industry. Exploring Bangladesh as a consumer market and its future growth potential. Challenges posed by floor prices on securities and their impact on the liquidity of the market. Discussion on current challenges faced by Bangladesh and its potential to become a thriving market.
12:21
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Quick takeaways
- Bangladesh's impressive GDP growth, with zero years of contraction since 1971, positions it as an attractive frontier market for foreign investors.
- Bangladesh's diversification from textiles to tech and other sectors presents earning growth potentials, but challenges such as liquidity issues and technical barriers need to be addressed to attract more investors.
Deep dives
Bangladesh: A Compelling Long-term Growth Story
Bangladesh is one of the most fascinating economies in the Asian market, with a strong macroeconomic scenario and impressive GDP growth. In fact, since its independence in 1971, Bangladesh has not experienced a single year of GDP contraction. With a growth rate of over 6% since 2010, it has surpassed India in terms of GDP per capita. Bangladesh is attracting foreign direct investments due to its shifting supply chain and is becoming a major consumer market. Its young population, with half below 25 years old, provides a vast labor supply. The high female labor participation rate and investment in education contribute to the expanding consumer market, making it one of the fastest rising markets globally.
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