Title:	GDP PER CAPITA OF BANGLADESH, INDIA, PAKISTAN AND VIETNAM - INSIDE A DECADE OF A DEVELOPING ASIA
Author(s):	Hafizur Rahman
ISBN:	978-989-8704-36-8
Editors:	Piet Kommers, Tomayess Issa, Adriana Backx Noronha Viana, Theodora Issa and Pedro Isaías
Year:	2021
Edition:	Single
Keywords:	GDP Per Capita, Global Wealth, Rate of Population Growth, Macroeconomic Activities, Economic Liberalization
Type:	Short
First Page:	214
Last Page:	217
Language:	English
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Full Contents:	click to dowload
Paper Abstract:	For the first time in human history, global wealth has increased so much so that 1%2 of the world adult population are now dollar millionaire. India being in the forefront of this list especially in Asia, curiosity arouses how its neighbors like Bangladesh, Pakistan and a new Asian player, Vietnam are doing in terms of GDP per capita. The goal of the paper is to examine the future growth of GDP per capital in these countries for the time window of 2021 -2030 while the economies are still experiencing worldwide pandemic effect. The study is based on secondary data obtained from the World Bank Website. The large body of information has been taken in order to verify data integrity for comparison and underlying analysis. Excel calculated the future projections based on the actual performance data (2010-2020). A number of literature of several economists has been studied to understand the facts and the underlying trends of the economies of the above countries. Calculation conducted in this paper suggests that while GDP per capita will rise progressively in all the four countries, Bangladesh is expected to achieve highest percentage increase in 2030 (182%) from the base year 2020, followed by Vietnam 96%, India 72% and Pakistan 32% respectively. Economic liberalization policy, remittance resilience, rate of annual population growth along with other macroeconomic activities especially prioritizing sectoral allocation of resources among others have direct relevance to the growth of national GDP per capita. By the same token, GDP per capita also reflects how applied sovereign management of national budgetary policies advances the required support that a modern government in the 21st Century should play for its economic growth.
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