GDP growth to reach 8.13pc, per capita income $1909 in FY19; expecting double digit growth in 3 year

[Black_cats]

Pakistan per capita income is 1629 per year but remember as per world bank our 36% economy is undocumented .
so estimated per capita income of Pakistan is nearly 2500

Until it is shown officially on paper it is of no value.

By the way all countries of South Asia has underground economy

 

[Umar Nazir]

Until it is shown officially on paper it is of no value.

By the way all countries of South Asia has underground economy

there is huge difference between unregistered and underground economies

 

[Black_cats]

there is huge difference between unregistered and underground economies

For Bangladesh the figure is not small either specially when only around 1.5 million people gives tax out of 30 million eligible tax payers.

lol at all BDs 56' chest members ……….
According to you , BD is way ahead of Pakistan and so called HDI and what not indictors show BD way ahead of Pakistan . Ok I agree , but why happiness index does not show that ???????? Why the reality on land wont appear in Happiness index ??? Why ???
Is this because all the so called progress in BD is only on the paper and only for the 1% of elite of BD? ?
This (happiness index) sounds like that ..

When people remain high on weed they are always happy.

 

[Umar Nazir]

For Bangladesh the figure is not small either specially when only around 1.5 million people gives tax out of 30 million eligible tax payers.



When people remain high on weed they are always happy.

If BD doing so well than why more than 10 million BD people living illegally in india and 1 million in Pakistan

 

[dilpakistani]

Impressive growth... Perfect way forward....

 

[Mage]

lol at all BDs 56' chest members ……….
According to you , BD is way ahead of Pakistan and so called HDI and what not indictors show BD way ahead of Pakistan . Ok I agree , but why happiness index does not show that ???????? Why the reality on land wont appear in Happiness index ??? Why ???
Is this because all the so called progress in BD is only on the paper and only for the 1% of elite of BD? ?
This (happiness index) sounds like that ..

Pak is ahead of China in happiness index. Whats your take on that?

Well, BD govt encourage data manipulation to inflate the growth rate. If they claim the growth rate is 8 percent, then it maybe 7% or even 6.5% but certainly not 2% or 3%.

 

[Nilgiri]

It is not inflation based stupid... It just Taka maintains its relative strength against dollar.

LOL, the egghead still piping up from time to time.

It can't really be more dumbed down for you than this:

https://www.census.gov/topics/income-poverty/income/guidance/current-vs-constant-dollars.html

Current dollars is a term describing income in the year in which a person, household, or family receives it. For example, the income someone received in 1989 unadjusted for inflation is in current dollars.

Constant or real dollars are terms describing income after adjustment for inflation. The Dictionary of Business and Economics defines constant dollar values and real income as shown below.

===================

I mean you telling me that Pakistan also "maintained its relative strength against dollar" in the same time period like Bangladesh?

It has similar ratio of constant/current GDP ....around 79% in its case compared to BD 72%.

Yet its exchange rate in 2010 = 86 , its exchange rate in 2017 = 105. (22% loss of value)

Tell me if thats "maintaining relative strength to USD"?

For BDT, 2010 = 69 to USD, 2017 = 81 to USD (17% loss of value)

Both your inflation totals are roughly the same, around 70 - 75% from 2010 - 2017....unlike India where its closer to 50%.

So you tell me, egghead, what is determining CONSTANT/REAL GDP (as frigging defined by inflation in the first place)....do you have a brain to use in that ugly noggin of yours?

I mean what can we expect from someone who stupidly said indian IT exports are included under goods because its called an "industry"?

Same "iajdani" guy that posted his ugly egghead picture as his DP for so long....and then proclaims he is mongolian genghis khan direct descendant lol. Then decides to change name to "Topcat" AFTER stupidly showing his identity that long.....saying he was scared people would recognise him and he needs to be safe. Then keeps posting here (with the established identity lingering) even though his country PM has banned this website.

Seriously you are a new level of stupid. It shows in literally everything you type.

happiness index.

It's a BS index.....subjective as all heck. How do we even measure happiness in objective way? Two people could literally be having the exact feeling on something, but one can say its happy, the other not.

 

[bluesky]

@Nilgiri, do you think BD economy is going through a bubble when too many paper notes chase a few products? Japanese used to call this phase of their economy as "Bubble Economy" two decades ago. Is BD also running through this phase at present when the huge amount of export and remittance money (the total about $50 billion) is chasing a few goods, most of which are imported since the local production base is quite weak?

 

[Nilgiri]

@Nilgiri, do you think BD economy is going through a bubble when too many paper notes chase a few products? Japanese used to call this phase of their economy as "Bubble Economy" two decades ago. Is BD also running through this phase at present when the huge amount of export and remittance money (the total about $50 billion) is chasing a few goods, most of which are imported since the local production base is quite weak?

Its not quite bubble economy (given BD is cleary growing and getting better and lot of demand potential etc). Japan case was different given they had vast liquidity stockpiles that surfaced (to pick up/hold the slack) when the real growth dwindled after the 80s (when earlier growth model came to a halt due to less potential/scope for easy economic improvement left).

Rather its just differing concepts of data application (w.r.t nominal vs real vs PPP)....between a developed +stabilised country, transitional developing country and early journey developing country etc. What is good representation for one is not necessarily a good equivalent representation for another given the different stages and different raw underlying forces in play.

BD just need to grow some more, keep reforming and improving its data flows.....the enemy of this process is to assume everything is the "best" and needs nothing to be done seriously.

The inflation gap between real and nominal is just one big factor of it.....another is also BD low PPP multiplier when using current dollar as base (which again is related to that inflation gap...given its not as bad if you use real dollar base). Rebasing will only help so much (as low as 12% which really is not that much compared to what people were expecting). BD must reform to get into SDDS to improve data frequency and credibility....as well as the major economic reforms internally that still have not been started in any serious way.