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Bangladesh’s economy is projected to reach $677 billion by 2030, according to the International Monetary Fund (IMF). If the forecast holds, Bangladesh will overtake the economies of Malaysia, Vietnam, Denmark and Hong Kong in terms of GDP size, becoming the 32nd-largest economy in the world.
The projection was highlighted in Canadian media outlet Visual Capitalist’s report, “The $150 Trillion Global Economy in 2030,” based on IMF data.
The IMF forecasts that Malaysia’s GDP will reach $672.5 billion by 2030, while Vietnam’s economy is expected to grow to $667.5 billion. Denmark and Hong Kong are projected to reach $589.2 billion and $536.9 billion, respectively.
By 2030, Malaysia is expected to rank 33rd, Vietnam 34th, Denmark 40th and Hong Kong 42nd globally. Bangladesh’s position at 32nd would place it ahead of these economies.
The United States is expected to remain the world’s largest economy in 2030, with a projected GDP of around $37.7 trillion, followed by China at approximately $26 trillion.
The competition for third place is expected to be extremely close. Germany and India are projected to have GDPs of $6.178 trillion and $6.173 trillion, respectively—a difference of just $5 billion. The United Kingdom is expected to rank fifth with a GDP of around $5.148 trillion.
The US, China, Germany, India and the UK are projected to account for 53.3% of global GDP, with the US alone contributing more than a quarter of the world economy. Japan, France, Brazil, Italy and Canada are also expected to remain among the world’s 10 largest economies.
The IMF also forecasts strong growth in the global economy over the next five years. According to its World Economic Outlook, the global economy could expand by around $25 trillion between 2026 and 2030, surpassing $150 trillion by 2030.
