I wonder how world bank could have set PPP exchange rate to Tk.52.4 to Dollar in 2005 calculation when the nominal exchange rate was around 55 Taka to Dollar at that time?
Read the ICP papers, which you (and the other two BD's replying) obviously have never done.
I have tried posting the sources and explaining the process to you lot so many times but it hasn't sunk in, nor will it ever do so (which makes sense given the IQ output of BD)...so its a waste of time for me to try anymore. Go find and read the base sources yourselves.
It would set Bangladesh apart from all developing countries in the world where there is a large gap between market exchange rate and PPP exchange rate.and it was the reason for abnormally high extreme poverty estimation of 43 percent in 2005.
Like the MSM, you dont even bother to check your assertion with the data. BD has PPP multiplier (PPP/nominal) of about 2.7 for the latest years.
Here is a list of developing countries with PPP multiplier around that mark or worse (many times much worse even with the county a lot poorer):
Bolivia
Cabo Verde
Cameroon
Central African Republic
Comoros
Democratic Republic of the Congo
Côte d'Ivoire
Djibouti
El Salvador
Eritrea
Ethiopia
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Jamaica
Kenya
Kiribati
Liberia
Mali
Micronesia
Morocco
Mozambique
Nicaragua
Niger
Nigeria
Papua New Guinea
Philippines
Rwanda
Samoa
São Tomé and Príncipe
Senegal
Solomon Islands
Tonga
Yemen
Zimbabwe
Check these countries PPP data yourself. Kenya for example has nominal per capita of 1400, and PPP of 3300. Sound familiar?
They have published 82% the total science output of BD (from 1996 to 2015) with a population of about 1/4th that of BD....and have more patents granted by the USPTO than BD each year like clockwork.
Its not a strange, isolated instance either.
So no the PPP/nominal multiplier does not set apart Bangladesh from the larger developing world at all....but BD intelligence multipliers (under no control of BD govt hands) certainly stand apart by a large margin in how terrible they are.
But I am still baffled how could they set PPP exchange rate at almost the same with market exchange rate for a country like Bangladesh?
Like I am baffled at how BD produces less science and patent output than countries several times poorer. "They" (The IMF) set PPP exchange rate in accordance to the price level data BBS gathers from Dhaka, CTG, a few other places and also rural BD. Talk to BBS if you have an issue with the results. The thing that will probably crumble first under intense scrutiny are the mortality, health and other socio-economic base data that the BBS "collects".... that you lot are (in quite humorous contrast) are so satisfied in believing with no questioning of it because in those cases its a BD "success".
It was done with tacit support of finance ministry as they did not want to loose LDC status.
Yet we should believe all the rest of the data coming out of BD. Don't believe the "crap" numbers, believe just the better ones. Got it.
Good thing there are external interaction numbers completely free of BD ministries and statistic institutes regarding trade, investment, human intelligence etc that we can look and see just how truly basket case BD is....and thus which set of claimed numbers by the BBS/BAL are most likely being faked.