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Bangladesh is an under-devoloped nation. Despite rapid economic growth, poverty remains a major issue. However, poverty has declined sharply in recent history. Shortly after its independence, approximately 90% of the population lived under the poverty line.[1] However, since economic reforms and trade liberalization of early 1990s, along with accelerated economic growth since early-2000s, Bangladesh have experienced a dramatic progress in reducing poverty. The remarkable progress in poverty alleviation has been recognized by international institutions.[2] According to World Bank, more than 33 million Bangladeshi people have been lifted out of poverty since 2000; as measured by the percentage of people living on the equivalent of US$1.90 or less per day in 2011 purchasing price parity terms.[3][4]
Since early-2000s, rapid economic growth has fueled a remarkable increase in per-capita income. Bangladesh's per capita has increased almost threefold between 2010 and 2020, from under $700[5] to $2,068,[6] (the highest GDP per capita in South Asia) moving Bangladesh into the ranks of middle-income economy. At current growth, Bangladesh is projected to enter upper-middle income status by 2041. Based on the current rate of poverty reduction, Bangladesh is projected to eliminate extreme poverty by 2021, the first country in South Asia to do so.[7][8][9][10] Bangladesh has exhibited remarkable accomplishments in diverse spheres, encompassing poverty reduction, ensuring food security, enhancing primary education, reducing mortality ratios, expanding immunization coverage, and effectively addressing communicable diseases.[11]
^"Poverty Alleviation Program – SAWAB – A Non Government Organization of Bangladesh". Retrieved 9 February 2020.
^"Learning from Bangladesh's journey toward ending poverty".
^Hill, Ruth; Genoni, Maria Eugenia (31 October 2019). "Bangladesh Poverty Assessment : Facing Old and New Frontiers in Poverty Reduction". The World Bank. pp. 1–83.
^"Bangladesh Continues to Reduce Poverty But at Slower Pace". World Bank. The World Bank. Retrieved 11 April 2018.
^"GDP per capita (current US$) - Bangladesh | Data". data.worldbank.org. Retrieved 9 February 2020.
^"World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 16 October 2019.
^Chaudhury, Dipanjan Roy (3 November 2018). "At current pace, Bangladesh to end extreme poverty by 2021". The Economic Times. Retrieved 6 November 2018.
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