Bangladesh Economy thread

ezsasa

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So Bangladesh will have a higer gdp per capita then india
as per respective official reserve bank data, BD has higher per capita than India.

Central Bank of Bangladesh
Screenshot 2021-10-16 at 10.03.06 PM.png

Reserve Bank of India
Screenshot 2021-10-16 at 10.03.18 PM.png
 

Haldilal

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You're looking at two different currencies though
you can do the conversion yourself.
Ya'll Nibbiars you also have to factor in the Taka exchange rate while in 2012 our rupees was like 57 rupees to Dollar and their taka 82 to dollar and now our rupees 75 to dollar and their taka 86 to dollars.
 

Crazywithmath

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So Bangladesh will have a higer gdp per capita then india
No, they do not. This is what @Fritz pointed out. BD's GDP per capita considers inflation as well; while in India's case IMF does not consider inflation. So you are essentially comparing real GDP per capita of India with nominal GDP per capita of BD, i.e., a false comparison. @sauntheninja nibba
 

Crazywithmath

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Ya'll Nibbiars you also have to factor in the Taka exchange rate while in 2012 our rupees was like 57 rupees to Dollar and their taka 82 to dollar and now our rupees 75 to dollar and their taka 86 to dollars.
This is another factor, India manipulates currency. Do check out the old posts on this thread itself where I compared the variation of currency exchange rates of various emerging economies (India, BD, Vietnam, Indonesia).
 

Crazywithmath

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Chill out take a five year leave from the forum come back and make this statement again we will laugh at u
This is the reason IMF itself does not compare economies based on nominal GDP per capita. They use GDP(PPP) per capita to do that which excludes inflation and adjusts GDP against international dollar.

@ezsasa nibba, IMF does not care about nominal GDP of a nation; their main aim is to project the real GDP growth and calculate the GDP(PPP) per capita along with the inflation projections. This they really do not care much about what the nominal GDP per capita of an emerging economy is. This is the only explanation I could think of.
 

ezsasa

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This is the reason IMF itself does not compare economies based on nominal GDP per capita. They use GDP(PPP) per capita to do that which excludes inflation and adjusts GDP against international dollar.

@ezsasa nibba, IMF does not care about nominal GDP of a nation; their main aim is to project the real GDP growth and calculate the GDP(PPP) per capita along with the inflation projections. This they really do not care much about what the nominal GDP per capita of an emerging economy is. This is the only explanation I could think of.
does exports drop last year and this year have any impact in BD GDP data?
 

Crazywithmath

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does exports drop last year and this year have any impact in BD GDP data?
Their GDP data is pure shithousery. After announcing high yoy export growth amidst a global pandemic and moderate GDP growth (their data is released after the end of a financial year; not quarterly like ours so nobody knows the exact time series) their bureau got heavily criticised by BD economists who accused them of data doctoring. Afterwards, BBS quietly downgraded the GDP growth by a massive 2%+.

So, short answer to your question, nobody (not even the BD government who has mada a habit of making tall claims on their GDP despite various indicators suggesting otherwise) knows exactly how much exports dropped and what exact effect it had on their economy. Oh! Another fact, apparently transport and logistics contribute about 20% of their GDP (LOL); so whenever a specific lever of the economy malfunctions the contribution of logistics goes up :bplease: and currently it is at ~20%. So even if their exports decline logistics will be made to bridge the gap and no net overall effect will be shown on the bigger macroeconomic picture.

Ask @gslv markIII
 

ezsasa

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Impact of not clarifying in time that GDP of two countries are compared in PPP, not real or nominal.
This idiot is continuing in the assumption that BD's GDP per capita is higher than India's.

The guy needs some re-education.

In 2019 India GDP per capita (PPP) is 7000 $, For BD it is 5000 $.
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2030 | India Vs Bangladesh | Economy | Development | GDP Per Capita | Transport | Infrastructure

 
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