Bangladesh Vision 2041

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Bangladesh Vision 2041 (Vision '41) is a national strategic plan to farther develop the socio-economic standing of the Peoples Republic of Bangladesh, issued by Prime minister Sheikh Hasina and formulated by National Economic Council. As a part of four 5-year perspective plan to be undertaken between 2022 and 2041, Bangladesh's aims to achieve high income status through industrialization. The initiative encourages expansion of manufacturing capacity and investment in human capital development to develop exports from Bangladesh.

Objectives[]

  • Per capita income of $12,500 (more than $16,000 in 2041 prices)[1][2]
  • Eradication of poverty
  • Maintain 9% GDP growth until 2031.
  • Increase investment/GDP ratio to 46.9%
  • Increasing tax revenue to 15% of GDP.
  • Export diversification.
  • Increase exports earnings to $300 billion.
  • Increase life expectancy to 80 years.
  • Extend universal health care to 75% of the population.
  • Increase adult literacy rate to 100% by 2031.
  • Reduce population growth to less than 1%
  • Implementation of effective taxation and expenditure policies.
  • Decentralization of economic, and administrative power.

Projections[]

Vision 2041[3]
Sector 2021 2041
GDP $409 B $2,580 B
Per Capita (Nominal) $2,554 $16,000
Investment-to-GDP 30.76% 46.9%
FDI $2.4 B $153 B
Exports $38.76 B $300 B
Infra Investment $100 B $1,150 B

[4]

References[]

  1. ^ "Vision 2041: Institution matters". The Financial Express. Dhaka. Retrieved 25 August 2020.
  2. ^ "Vision-2041". The Daily Star. Retrieved 25 August 2020.
  3. ^ "Economic Vision of Bangladesh" (PDF). Bangladesh Investment Development Authority. Retrieved 25 August 2020.
  4. ^ "Bangladesh now a $409b economy: GDP size up, growth down as new base year takes effect". The Daily Star. 2 November 2021.
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