Since the Millennium Bangladesh has grown at an average rate of about 7% a year with its GDFP PPP per capita having reached US$9k in 2023. Were it to maintain similar growth rates for a further two decades its living standards would be approaching Eastern Europoean levels. Its progress is due to prudent fiscal management, lack of geopolitical tension and consequent military spending and also to the success of its textiles sector. For the next phase of its development it needs to diversify its export sector beyond textiles.