Bangladesh has made significant strides in its economic growth and is one of the world’s fastest-growing economies. The country’s GDP has increased by over 7% per year on average in the past decade, reaching 8% in fiscal years 2017-18 and 2018-19 before the global outbreak of COVID-19. Despite the pandemic, the Asian Development Bank reported that Bangladesh’s economy rose by 5.2% in 2020, and economic growth has now returned to pre-epidemic levels at 7.25% as the country made a strong economic recovery from the COVID-19 pandemic. Bangladesh has also reached lower-middle-income status in 2015 and is on track to graduate from the UN’s Least Developed Countries (LDC) list in 2026.

Bangladesh has established itself as a robust economic powerhouse, thanks to its competitive labor force, adaptable industrial sectors, and a favorable legislative framework. With a young and skilled workforce, the country boasts macroeconomic stability, an open and diversified economy, and a strategic location that makes it a gateway to the Asia-Pacific region. It is no surprise that Bangladesh has emerged as a key market for exporters due to its low-cost and high-return investment opportunities. The International Monetary Fund (IMF) ranks Bangladesh as the second-largest economy in South Asia and the 41st largest globally. This momentum shows no signs of slowing down as Bangladesh is projected to be the 25th largest economy by 2035. It is now considered one of the most promising economies globally, drawing the attention of potential investors from all over the world.

The Government of Bangladesh (GOB) is actively seeking foreign investment, recognizing the significant benefits that such investment can bring to the country. Key sectors that have already seen significant investment from overseas include agribusiness, garment and textiles, leather and leather goods, light manufacturing, power and energy, electronics, light engineering, information and communications technology (ICT), plastic, healthcare, medical equipment, pharmaceuticals, shipbuilding, and infrastructure. As part of its broader industrial policy and export-oriented growth strategy, the GOB is offering a range of attractive investment incentives designed to encourage both foreign and domestic private investors to participate in the country’s development. With a relatively level playing field and few formal distinctions between foreign and domestic investors, Bangladesh is emerging as a highly promising destination for those looking to expand their portfolio and tap into the country’s dynamic and rapidly growing economy.