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Charts of the Week: No. 01

Bangladesh is set to become one of the largest consumer markets in the world by 2030, according to data by research company World Data Lab, published by Brookings Institution.

Charts of the Week: No. 01
Via Future Startup
  1. Bangladesh’s consumer class is projected to more than double by 2030.
  2. In 2020, Bangladesh was ranked 28th in the global consumer market. The country will jump 17 positions, from place 28 to 11 in 2030.
  3. The country's global share of consumer class will rise from 0.8 percent in 2020 to1.6 percent in 2030.
  4. Today, 35 million people in Bangladesh spend more than $11 a day. By 2030, it will be 85 million consumers.

The development will bear all kind of fascinating implications for the country.

The lonely generation

The world has increasingly grown lonely, creating all sorts of social and individuals implications on the way.

While the chart shows US data, the scenario is not far from the reality in Bangladesh. This has various implications, most of them are negative. For instance, studies suggest that lonely people consume more entertainment, spend more time online, suffer from frequent health issues, spend more in consumption and so on.

Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at ruhul@futurestartup.com

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