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Bangladesh tops GDP growth in the world over last 10 years: Kamal

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Bangladesh tops GDP growth in the world over last 10 years: Kamal

http://www.bssnews.net/?p=265353


DHAKA, Aug 2, 2019 (BSS) – Finance Minister AHM Mustafa Kamal today said that Bangladesh has topped in attaining GDP growth compared to other countries of the world over the last 10 years since 2009 under the current price method.

The Finance Minister revealed the information at the Cabinet meeting today quoting “The Spectator Index” published on August 29 highlighting the performance of top 26 GDP growth gaining countries of the world, said a Finance Ministry press release.

The publication showed that the percentage of growth of Bangladesh is 188 followed by China’s 177, India’s 117, Indonesia’s 90, Malaysia’s 78, Australia’s 41 and Brazil’s 17 percent.

Congratulating the Prime Minister for this outstanding achievement on behalf of the whole nation at the Cabinet meeting, Kamal said Bangladesh is moving ahead and would continue to move ahead.

He also hoped that Bangladesh would set a strong example in the global economic arena soon if the current trend of advancement continues under the dynamic leadership of Prime Minister Sheikh Hasina.

The Finance Minister also noted that it would be possible to build “Sonar Bangla” as dreamt by Father of the Nation Bangabandhu Sheikh Mujibur Rahman through attaining much stronger results in the economic front under the dynamic guidance of the Prime Minister.
 
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He probably talked about GDP/capita?
 
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Chinese are too big and growing from a much higher base. Indonesia doing good too.

None of these other countries (China, India, Indonesia) have the effective relative inflation that BD experienced in this time period.

For example take away the inflation (i.e Constant prices), India grew by 100% from 2008-2018, Bangladesh (at much lower base) grew by 86%:

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD?locations=IN-BD

This effective inflation is why Bangladesh does not have the liquidity of any of its claimed peers to invest outside its borders in any appreciable way and why its energy consumption per capita (and any consumption metric to be frank) is extremely low. Have you noticed the forex reserves story of BD no longer appears in the BD media like it used to? It's all part of this mono-industry LDC-duty free model having run its course and now wearing off.
 
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