Per Capita Income of Pakistan, India, and Bangladesh: A Comparative Analysis
Per capita income, or GDP per capita, is a measure of the economic output of a country divided by its population. It is often used as an indicator of the standard of living and the level of development of a country. In this blog post, we will compare the per capita income of Pakistan, India, and Bangladesh, three South Asian countries that share a common history and face similar challenges and opportunities. Historical Trends. According to the World Bank data¹, the per capita income of Pakistan, India, and Bangladesh in 2020 were $1,588.9, $2,410.9, and $2,688.3 respectively. However, this was not always the case. In 1971, when Bangladesh gained independence from Pakistan, its per capita income was only $129.7, much lower than Pakistan's $280.6 and India's $198.9. Since then, Bangladesh has achieved remarkable economic growth and social development, surpassing both Pakistan and India in terms of per capita income. The following graph shows the historical trends of per capita in...