Prime Minister Sheikh Hasina has been ranked 42nd on the Forbes' list of the most powerful women in the world.

Last year, she was ranked 43rd.

Ursula von der Leyen, president of the European Commission, was named the most powerful woman in the world in the list. She was followed by European Central Bank President Christine Lagarde and US Vice President Kamala Harris.

Indian Financial Minister Nirmala Sitharaman is ranked 36th and is among the six Indians who made it to the list.

As a mark of tribute, Iran's Jina Mahsa Amini was posthumously featured at 100th rank.

Since 2004, the American business magazine has been compiling annual lists of the 100 most powerful women in the world.

According to Forbes, the list is determined by four main metrics -- money, media, impact and spheres of influence.

About Sheikh Hasina, the magazine wrote that the longest-serving prime minister in the history of Bangladesh is currently serving her fourth term, also her third consecutive one, after the Awami League won 288 of the 300 parliamentary seats.

Hasina further plans to focus on issues such as food security and access to education and healthcare, the magazine said when the list was unveiled on December 9.

"An ongoing struggle for Hasina has been establishing a firm democracy in Bangladesh," it added.