Bangladesh among top 4 countries in digital economy growth

21 Nov 2019 11:55 AM
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Bangladesh has ranked as one of the top four countries in terms of ‘improvement and remarkable growth’ in digital economy in the last four years, according to Huawei Global Connectivity Index (GCI) 2019.

The index has been prepared by evaluating progress in the digital economies of the world including Ukraine, South Africa and Algeria alongside Bangladesh, said a Huawei press release on Wednesday.

GCI is a research report published by Huawei on digital development based on how ICT innovation and ICT applications could help national economies grow, and conducts open research into the digital economy with top universities, think tanks, and industry associations.

The goal of GCI is to provide countries and industries with authoritative, objective, quantified assessments and recommendations on digital transformation.

Since 2014, Huawei has been releasing a GCI report based on 40 indicators under four pillars named supply, demand, experience and potential every year since.

The GCI 2019 report said as a starter nation, in less than five years ‘Bangladesh boosted its GCI score by seven points’.

Since 2015, mobile subscription penetration jumped from 5 per cent to 41 per cent and smart phone penetration from 7 per cent to 34 per cent in Bangladesh.

In addition to mobile subscription, the country’s fibre to home (FTTH) coverage and fixed broadband base also made significant progress.

Intelligent Connectivity is another potential Catalyst for fresh GDP Growth for all the countries including Bangladesh, the report said.

Now in its sixth year, GCI 2019 highlights AI’s role as one of four key enablers that drive ‘Intelligent Connectivity’ alongside broadband, cloud, and IoT. All four have the potential to be significant catalysts for economic growth.