Current dollar of course. No one knows what will be the value of dollar in 2030. So it is pointless to calculate anything in 2030 dollar by mere assumption which is full of uncertainty.
Currency depreciation do not affect the PPP GDP. Pakistan's nominal GDP declined but not the PPP GDP. Bangladesh's nominal GDP crossed Pakistan earlier than expected because of massive depreciation of Pak Rupee against Dollar. But PPP is unaffected by this development. But Bangladesh's per PPP will also cross Pakistan within few years if current gap of GDP growth persists.
Bangladesh will take over USA and China.Asian Economies Set to Dominate 7% Growth Club During 2020s
By
Michelle Jamrisko
May 11, 2019, 11:49 PM EDT
- Five of seven in group are in Asia, Standard Chartered says
- China is notable departure from list as economy slows
Pedestrians and shoppers walk past Charminar monument and mosque in Hyderabad, India. Photographer: Dhiraj Singh/Bloomberg
The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7%.
India, Bangladesh, Vietnam, Myanmar and the Philippines should all meet that benchmark, according to a research note Sunday from Madhur Jha, Standard Chartered’s India-based head of thematic research, and Global Chief Economist David Mann. Ethiopia and Côte d’Ivoire are also likely to reach the 7% growth pace, which typically means a doubling of gross domestic product every 10 years. That’ll be a boon to per-capita incomes, with Vietnam’s soaring to $10,400 in 2030 from about $2,500 last year, they estimate.
The South Asian members of the group should be GDP standouts as they’ll together account for about one-fifth of the world’s population by 2030, Standard Chartered reckons. The demographic dividend will be a boon for India, while Bangladesh’s investments in health and education should juice productivity.
The Asian dominance of the list is a change from 2010, when the bank first started tracking the economies it expected to grow by around 7%. Back then, there were 10 members evenly split between Asia and Africa: China, India, Indonesia, Bangladesh, Vietnam, Nigeria, Ethiopia, Tanzania, Uganda, and Mozambique.
China is a notable absence from the latest ranking after being a member of the club for almost four decades -- reflecting both a slowdown in economic growth and a progression toward higher per-capita incomes that makes faster growth rates more difficult to sustain. Standard Chartered estimates the world’s No. 2 economy will keep up a 5.5% economic growth pace in the 2020s.
Sub-Saharan African countries also have faded, which the analysts attribute to “waning reform momentum, despite a slowdown in commodity prices.”
While faster economic growth isn’t a panacea -- think income inequality, crime, pollution -- it tends to come with a lot of positive knock-on effects, Jha and Mann wrote.
“Faster growth not only helps to lift people more quickly out of absolute poverty, but is also usually accompanied by better health and education, as well as a wider range of -- and better access to -- goods and services,” they say in the report. “Higher incomes resulting from faster growth also usually reduce socio-political instability and make it easier to introduce structural reforms, creating a virtuous cycle.”
In addition, 7% club members tend to have savings and investment rates of at least 20-25% of GDP, according to the report.
www.bloomberg.com/amp/news/articles/2019-05-12/asian-economies-set-to-dominate-7-growth-club-during-2020s
I think it is the opposite. BD growth influences the Indian growth because the former is an importing country of Indian goods worth more than $7.0 billion. Export to India remains below $1.0 billion. Benefits of BD imports are spread among the cotton producing areas as well as the areas that surround BD.
Relation between Currency value and current exchange rate is not always straightforward. Just because Afghan currency have same exchange rate with Bangladeshi Taka do not mean both country's economic outlook are similar. Or it does not mean Indonesia's economy is less integrated with world market than BD just because 1 USD=84 BD Tk but 1 dollar=14,000 Indonesian Rupiah.You have to look at initial base year on how exchange rate was fixed with dollar. Then only we can calculate whether a currency depreciated or appreciated against dollar over time. If Indonesian Rupiah was fixed at 12000 per dollar and BD Taka at 60 per dollar, then current value of 14,000 and 84 means, Taka actually lost more value than Rupiah.
LOL, 2030? some more may, will, to be future tense bragging from a well known what Trump referred as shIt hole, come on, brag when you still exist in 2030 incase above sea level lol
View attachment 559486
https://www.thedailystar.net/opinion/perspective/news/rising-sea-levels-rising-threats-1732507
BTW, i knew its kind of cruel but as your faithful secret admirer, i hereby sincerely remind you, please don't get too carry away with your BD STRONK empty slogan, you're not still poor but dirt poor, even my hometown Hongkong, a tiny island with a population of 7 millions is hundred time richer than your whole hole combined, please come back to earth before you making yourself a "International Laughing Stock" lol
View attachment 559488
WHERE were you? my friends
LOL, 2030? some more may, will, to be future tense bragging from a well known what Trump referred as shIt hole, come on, brag when you still exist in 2030 incase above sea level lol
View attachment 559486
https://www.thedailystar.net/opinion/perspective/news/rising-sea-levels-rising-threats-1732507
BTW, i knew its kind of cruel but as your faithful secret admirer, i hereby sincerely remind you, please don't get too carry away with your BD STRONK empty slogan, you're not still poor but dirt poor, even my hometown Hongkong, a tiny island with a population of 7 millions is hundred time richer than your whole hole combined, please come back to earth before you making yourself a "International Laughing Stock" lol
View attachment 559488
WHERE were you? my friends
