Bangladesh GDP per capita hasn't crossed Pakistani GDP per capita

[BetterPakistan]

We are not measuring growth. We are not comparing to a baseline. Why do I care about inflation adjusted data ? Trying to understand ?

Any knowledge about GDP PPP ???

Credit Suisse Report is giving nominal figures btw, they are not giving inflation adjusted data. Your username doesn't reflects your knowledge.

 

[wiseone2]

Any knowledge about GDP PPP ???

Credit Suisse Report is giving nominal figures btw, they are not giving inflation adjusted data. Your username doesn't reflects your knowledge.

Nominal per captia income is sum of all goods & services in a country divided by the population. You divide by the official currency conversion to get the figure in dollars

PPP per captia was introduced to account for the fact certain goods and services are cheaper in certain countries. Haircut in USA is $12. In India it is $1 or $2. There will some adjustment for the price-value of certain services.

I realize the population is counted every 10 years. there is certain amount of estimation that goes into these numbers

 

[N.Siddiqui]

Pakistan is going to rebase its GDP in the year 2018, and there is every chance of Pakistan economy, GDP getting an increase of at least 30% or more over the current GDP. Actually if look at the current informal and undocumented economy which is calculated to be 30-35% of the total economy the increase would be more.

http://fp.brecorder.com/2017/03/20170317155176/

World Bank projects 5.4 per cent growth rate for Pakistan in 2018

https://www.dawn.com/news/1295477

My point is if say 35% of the economy is undocumented, the increase would not be 35% in the current GDP of Pakistan but more than 70% in the total GDP of Pakistan.

Like to make it easy say 50% of the economy is undocumented in Pakistan, it means the current GDP of Pakistan shows just 50% of real economy, so 313 billion USD is actually half of the potential/actual GDP of Pakistan. So even if the informal economy is 35% the increase would be huge....

 

[syed_yusuf]

so what is the real economic indicator PPP or nominal? which one is close to reality? which one is used by global financial institutions?

 

[wiseone2]

so what is the real economic indicator PPP or nominal? which one is close to reality? which one is used by global financial institutions?

both are important in their own right
PPP reflects accurately the standard of living

the important point to note is that disparities in PPP and nominal per captia income reflect imbalances in the international economic system

 

[BetterPakistan]

Nominal per captia income is sum of all goods & services in a country divided by the population. You divide by the official currency conversion to get the figure in dollars

PPP per captia was introduced to account for the fact certain goods and services are cheaper in certain countries. Haircut in USA is $12. In India it is $1 or $2. There will some adjustment for the price-value of certain services.

I realize the population is counted every 10 years. there is certain amount of estimation that goes into these numbers

Now at least you have known GDP PPP. It is used to compare two countries Purchasing Parity.

 

[EndangeredSpecies]

Secondly, Pakistan population figure isn't updated yet. You claiming Pakistan population to be 210 or 220 million is wrong since Pakistan Bureau of Census never claimed it to be above or below 210-220 million so this is all speculations not confirmed report and economic calculations are always based on verified data.

Lo jee. The provisional results are out.
https://defence.pk/pdf/threads/initial-census-results-have-arrived.511806/

210.31 million without Azad Kashmir and GB. Or 210.9 million including.

That means GDP per capita is indeed less than Bangladesh.

http://www.thedailystar.net/busines...h-record-724pc-capital-income-usd1602-1405051

Bangladesh $1608 and Pakistan 305000 / 210.31 = $ 1450

The better and modern way is by calculating income of citizens and dividing it. Better do complete research instead of doing google and presenting me data. Conversation with people like you is a waste of time. Riazhaq is an expert and you are a fed up & ignorant fool.

Provide a source for this 'modern method'. It is certainly not covered in Paul Krugman's Macroeconomics. I doubt what you are suggesting is an accepted method of calculating GDP per Capita.
.

 

[Kyoto]

Lo jee. The provisional results are out.
https://defence.pk/pdf/threads/initial-census-results-have-arrived.511806/

210.31 million without Azad Kashmir and GB. Or 210.9 million including.

That means GDP per capita is indeed less than Bangladesh.

http://www.thedailystar.net/busines...h-record-724pc-capital-income-usd1602-1405051

Bangladesh $1608 and Pakistan 305000 / 210.31 = $ 1450


Provide a source for this 'modern method'. It is certainly not covered in Paul Krugman's Macroeconomics. I doubt what you are suggesting is an accepted method of calculating GDP per Capita.
.

Even if that is true, Pakistan's unaccounted economy is probably more than 30% larger. And its median household income is still higher than India and far higher than Bangladesh, so don't jizz your pants yet.

 

[Flash_Ninja]

Lo jee. The provisional results are out.
https://defence.pk/pdf/threads/initial-census-results-have-arrived.511806/

210.31 million without Azad Kashmir and GB. Or 210.9 million including.

That means GDP per capita is indeed less than Bangladesh.

http://www.thedailystar.net/busines...h-record-724pc-capital-income-usd1602-1405051

Bangladesh $1608 and Pakistan 305000 / 210.31 = $ 1450


Provide a source for this 'modern method'. It is certainly not covered in Paul Krugman's Macroeconomics. I doubt what you are suggesting is an accepted method of calculating GDP per Capita.
.

Why are you using new census results with older economic data?

The bank is still rebasing the GDP calculation, so keep your obsession to yourself until then.

 

[EndangeredSpecies]

Even if that is true, Pakistan's unaccounted economy is probably more than 30% larger. And its median household income is still higher than India and far higher than Bangladesh, so don't jizz your pants yet.

Oh, don't worry. Indian shadow economy is humongously bigger than Pakistan. So is probably Bangladesh. You think only Pakistani can do black market deals or all cash deals?

Why are you using new census results with older economic data?

The bank is still rebasing the GDP calculation, so keep your obsession to yourself until then.

so is India and Bangladesh. India is planning to rebase her economy from 2011 to 2017. I wonder if India and Bangladesh do it first even before Pakistan.

 

[Sully3]

Why on imf Pakistan 2017 data is not available?

we can't pick and choose IMF data when it comes to only certain countries.

You either believe all IMF data or you dont. Cant have different rule for each country.

 

[niaz]

We are comparing ourselves to Bangla Desh! We were the same country not long ago and I for one don’t see the point of feeling proud that I am wearing slightly less worn shirt than my long lost brother!

For heaven’s sake, at least keep our targets a bit high? Malaysia is Muslim country, why don’t we compare with Malaysia?

 

[BetterPakistan]

Lo jee. The provisional results are out.
https://defence.pk/pdf/threads/initial-census-results-have-arrived.511806/

210.31 million without Azad Kashmir and GB. Or 210.9 million including.

That means GDP per capita is indeed less than Bangladesh.

http://www.thedailystar.net/busines...h-record-724pc-capital-income-usd1602-1405051

Bangladesh $1608 and Pakistan 305000 / 210.31 = $ 1450


Provide a source for this 'modern method'. It is certainly not covered in Paul Krugman's Macroeconomics. I doubt what you are suggesting is an accepted method of calculating GDP per Capita.
.

First of all I am not obliged to prove you anything but your question is so awful that I thought I shall answer it.

Pakistan GDP doesn't include Azad Kashmir & Gilgit Baltistan GDP for your shitty information.

GDP per capita is not as simple as dividing GDP by population. Let me tell this to you your way. Bangladesh GDP nominal 2017 is $246 billion and population is
168,957,745 (2015 est) it means per capita is $1456 than how Bangladesh is claiming GDP per capita $1600+ ????

If you don't have economic knowledge than its better to keep quiet rather than opening your mouth and showing your illiteracy to everyone.

I read your comment up in which a fellow Pakistani told you that we are going to rebase our GDP and you responded that India is also planning to rebase its GDP from 2011 to 2017
India already uses 2010 base year and Bangladesh uses 2005-06 while Pakistan uses 1999-2000 so when Pakistan GDP will be rebased it will surely shock you kid. When Nigeria rebased its GDP after so many years like Pakistan is using 18 year old base year, Nigeria GDP almost doubled.

 

[EpiiC]

We are comparing ourselves to Bangla Desh! We were the same country not long ago and I for one don’t see the point of feeling proud that I am wearing slightly less worn shirt than my long lost brother!

For heaven’s sake, at least keep our targets a bit high? Malaysia is Muslim country, why don’t we compare with Malaysia?

Because Malaysia is at age where Pakistan will probably not be in our life time for gdp nominal and ppp per capita for both.....

GDP (PPP) 2017 estimate
• Total
$913.593 billion[6](27th)
• Per capita
$28,490[6] (50th)
GDP (nominal) 2017 estimate
• Total
$344.848 billion[6](35th)
• Per capita
$10,756[6] (65th)

 

[EndangeredSpecies]

Pakistan GDP doesn't include Azad Kashmir & Gilgit Baltistan GDP for your shitty information.

1. I didn't include Azad Kashmir/GB population in the GDP per capita calculation. If I had I would have used population 210.91 million in the calculation. So GDP per capita is apt, for your moronic information, you Madarsa-chap. .

GDP per capita is not as simple as dividing GDP by population. Let me tell this to you your way. Bangladesh GDP nominal 2017 is $246 billion and population is
168,957,745 (2015 est) it means per capita is $1456 than how Bangladesh is claiming GDP per capita $1600+ ????

2. Indeed! Bangladesh's Gross Domestic Income will be $1600+ in 2017 and their Gross Domestic Product is $1456, Accepted, that article was wrongly interpreted by me. You are correct. However! It ($1456) still puts Bangladesh ahead in terms of GDP per capita, which is what this thread is all about.

3.

India already uses 2010 base year and Bangladesh uses 2005-06 while Pakistan uses 1999-2000 so when Pakistan GDP will be rebased it will surely shock you kid. When Nigeria rebased its GDP after so many years like Pakistan is using 18 year old base year, Nigeria GDP almost doubled.

Pakistan's current base year is 2005-06 http://www.pbs.gov.pk/content/what-current-base-year so it is not exactly 18 years . Oh Bangladesh is also using the same base year, as you mentioned.

Now we come to the elephant in the room! How to calculate GDP per capita given GDP nominal AND population, right?

https://books.google.co.in/books?id=SWcdBQAAQBAJ&pg=PA199&dq=paul+krugman+macroeconomics+gdp+per+capita+formula&hl=en&sa=X&redir_esc=y#v=onepage&q=paul krugman macroeconomics gdp per capita formula&f=false

I think it is safe to call your logic bullshit. Present a source of your weird new modern methods of calculating GDP per Capita, given GDP and population and then we will see. Till then, I think Paul Krugman's explaination holds more water.

So much for sense of superiority and arrogance of a usual uneducated Pakistani. If guys like you are "BetterPakistan" then Pakistan ka Khuda Hafiz