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Report: Bangladesh will be among top 3 fastest growing economies

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Report: Bangladesh will be among top 3 fastest growing economies
  • Tribune Desk
  • Published at 11:19 AM March 23, 2017
  • Last updated at 06:55 PM March 23, 2017

A PwC report released on Thursday says the economic output of Bangladesh could double from $628 billion in 2016 to $1.3 trillion in 2030, moving the country up to 28th in the ranking of world economies.
Bangladesh will be among the top three fastest growing economies in the world by 2030, the consultancy firm PricewaterhouseCoopers (PwC) has said.

Its report titled ‘The long view: how will the global economic order change by 2050?’ also predicts that Bangladesh could rise further in the ranking by achieving an average annual growth of around 5% over the next 34 years.

The report ranked 32 countries by their projected global gross domestic product (GDP) by purchasing power parity (PPP).

PPP estimates of GDP adjust for price level differences across countries, providing a better measure of the volume of goods and services produced by an economy as compared to GDP at current market exchange rates, which is a measure of value.

Bangladesh ranked 31st among the world’s 32 largest economies in 2016, which together account for around 85% of global GDP.

“Emerging market economies will drive global growth and eventually increase their share of world GDP,” the report says. “During this period, there will be a shift in global economic power. We project that the world economy will double in size by 2042, growing at an annual average rate of around 2.6% between 2016 and 2050”.

It also predicts that the E7 economies – Brazil, China, India, Indonesia, Mexico, Russia and Turkey – will account for almost 50% of the world GDP by 2050, while the G7’s share will decline to only just over 20%.

The findings by the PwC, one of the world’s largest professional-services firms, show that China, India and the US will remain at the top of the table, but in a new order.

China is already the top country in terms of PPP, while India has been projected to be the world’s second-largest economy, beating the US in GDP by PPP terms before 2050.

In the same time frame, Bangladesh, India and Vietnam are predicted to be the fastest growing economies, with Bangladesh expected to see impressive growth that will push it to 23rd place overall.

However, PwC says that realising Bangladesh’s growth potential depends on sustained investment and reform.

“Growth in these countries is driven even more by real GDP per capita growth, suggesting capital investment and technological progress will deliver real labour productivity enhancing benefits,” the report says.

“For these countries to realise this potential, growth needs to be supported by sustained economic reforms, strengthening macroeconomic fundamentals, institutions and, crucially, mass education to ensure their rapidly growing working populations contribute productively to long term economic growth.”
http://www.dhakatribune.com/banglad...h-will-among-top-3-fastest-growing-economies/
 
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Report: Bangladesh will be among top 3 fastest growing economies
  • Tribune Desk
  • Published at 11:19 AM March 23, 2017
  • Last updated at 06:55 PM March 23, 2017

A PwC report released on Thursday says the economic output of Bangladesh could double from $628 billion in 2016 to $1.3 trillion in 2030, moving the country up to 28th in the ranking of world economies.
Bangladesh will be among the top three fastest growing economies in the world by 2030, the consultancy firm PricewaterhouseCoopers (PwC) has said.

Its report titled ‘The long view: how will the global economic order change by 2050?’ also predicts that Bangladesh could rise further in the ranking by achieving an average annual growth of around 5% over the next 34 years.

The report ranked 32 countries by their projected global gross domestic product (GDP) by purchasing power parity (PPP).

PPP estimates of GDP adjust for price level differences across countries, providing a better measure of the volume of goods and services produced by an economy as compared to GDP at current market exchange rates, which is a measure of value.

Bangladesh ranked 31st among the world’s 32 largest economies in 2016, which together account for around 85% of global GDP.

“Emerging market economies will drive global growth and eventually increase their share of world GDP,” the report says. “During this period, there will be a shift in global economic power. We project that the world economy will double in size by 2042, growing at an annual average rate of around 2.6% between 2016 and 2050”.

It also predicts that the E7 economies – Brazil, China, India, Indonesia, Mexico, Russia and Turkey – will account for almost 50% of the world GDP by 2050, while the G7’s share will decline to only just over 20%.

The findings by the PwC, one of the world’s largest professional-services firms, show that China, India and the US will remain at the top of the table, but in a new order.

China is already the top country in terms of PPP, while India has been projected to be the world’s second-largest economy, beating the US in GDP by PPP terms before 2050.

In the same time frame, Bangladesh, India and Vietnam are predicted to be the fastest growing economies, with Bangladesh expected to see impressive growth that will push it to 23rd place overall.

However, PwC says that realising Bangladesh’s growth potential depends on sustained investment and reform.

“Growth in these countries is driven even more by real GDP per capita growth, suggesting capital investment and technological progress will deliver real labour productivity enhancing benefits,” the report says.

“For these countries to realise this potential, growth needs to be supported by sustained economic reforms, strengthening macroeconomic fundamentals, institutions and, crucially, mass education to ensure their rapidly growing working populations contribute productively to long term economic growth.”
http://www.dhakatribune.com/banglad...h-will-among-top-3-fastest-growing-economies/

We must continue investing in,
  • Education
  • Women's education
  • HDI improvements (especially health)
  • Infrastructure improvements including roads and export SEZ's (over a hundred planned).
 
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We must continue investing in,
  • Education
  • Women's education
  • HDI improvements (especially health)
  • Infrastructure improvements including roads and export SEZ's (over a hundred planned).
Two more things I must add

1. Training facilities in IT and other sectors.
2. Power generation.

The country is getting ready for industrialization.

We should target 1 trillion nominal GDP by 2030.
 
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We must continue investing in,
  • Education
  • Women's education
  • HDI improvements (especially health)
  • Infrastructure improvements including roads and export SEZ's (over a hundred planned).

In addition, diversify the existing export portfolio. Shed some focus more in IT, Pharmaceutical, Shipbuilding and Electronics. Though work on them have already commenced but requires more ramping up.
 
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Its the exact same source report from many weeks ago:

https://www.pwc.com/gx/en/world-2050/assets/pwc-world-in-2050-summary-report-feb-2017.pdf

Why is it being regurgitated by BD media?

Interesting to note that at much lower base, BD is still projected to grow at slower rate than India according to the PwC report.

Average yearly Growth rates from 2016 - 2030:

India = 19511/8721...comes to 5.9% per year

BD = 1324/628 ....comes to 5.5% per year

Also interesting to note that BD GDP per capita in 2030 is expected to be around 7100 USD per capita (using population projection of 186.5 million in 2030).

https://en.wikipedia.org/wiki/Projections_of_population_growth#Most_populous_nations_by_2030

So by 2030, BD people will be consuming per capita about what Indians do currently in 2017:

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=64&pr.y=4&sy=2014&ey=2017&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,534&s=PPPGDP,PPPPC&grp=0&a=

So PwC projects you are about 13 years behind India...and BD media is pushing this story again?...and its getting posted by members here again? Its not something to be immensely proud of to be posting multiple times is all I can say.

https://defence.pk/pdf/threads/report-bangladesh-to-overtake-malaysia-by-2050.480099/

From a bottomless sack to 31st largest economy in 45 years. Not bad. Not bad!

You are a top 10 population country..... it would be "not bad" if you are at least in top 20 rank by 2030. I gauge India's performance to be in the "not bad" category. BD is mediocre. But I guess things can change still...lets see.

DyW9N6d.jpg


BD can definitely do a lot better (given its low base now....its surprising that its projected as % of Indian economy to be relatively constant at 7% till 2050...even shrinking a bit). But dont worry lets see if there is a big ICP re-evaluation this year on BD PPP multiplier like doyalbaba is desperate for :enjoy:....the consumption basket must have changed drastically since 2011 after all.
 
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We are happy to see Sri Lanka doing so well and aspire to do the same. It's not a bad thing if multiple SA countries do well.

Absolutely - measuring phalluses may be fun, but we should avoid this - we don't want any more troll posts here.

Each country has its own trajectory of growth and contributing factors - if other countries in South Asia do better, that helps us too.
 
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BD can definitely do a lot better (given its low base now....its surprising that its projected as % of Indian economy to be relatively constant at 7% till 2050...even shrinking a bit). But dont worry lets see if there is a big ICP re-evaluation this year on BD PPP multiplier like doyalbaba is desperate for :enjoy:....the consumption basket must have changed drastically since 2011 after all.
This projection was done with current economic growth in mind.As the third largest economy by ppp,India will slow down much earlier than BD, which was not accounted in this projection.You may say why? Because,world have not enough resource to fuel such large economies like China,USA or India to continue this rapid growth for a long time.

Moreover current Indian growth is very much doubtful.This growth jumped overnight from 4.5 percent to 7.5 percent due to Modi Magic.Although other indicators don't support this growth rate.Numerous economist have shown their doubt about Indian GDP growth rate and methodology of Vedic calculation being used by the bhakt economist.But Modi magic will not last nor will the Vedic deception by bhakts.Wait for another 5 years,BD will suppress India in every economic indicator.
 
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Yah of course you know so much more than PwC.

Don't believe our growth figures? Thats fine you are from the land of BBS, you probably see disparity right as you step outside your house (or maybe even inside it, who knows)....so you assume its the same everywhere else (the big disjoint between print and reality).

But anyone can look at how many cars you buy a year.....20,000. We literally buy 200 times that...and you will surpass us in 5 years? :rofl:

By 2025 you are aiming to consume the level of steel we consumed per capita 2 years ago. How pathetic is that?

I dont know what it is for cement...probably the same or worse. Who cares really, there are no good statistics from LDC BD....just like how Walton fell off the radar completely now (trade shows at thailand = zilch).

Latest HDI you increased by 9 points, we increased by 15 (and we are already ahead). Its fun leaving you in the dust....and enjoying the butthurt it creates.

Enjoy being at 2030 ( or worse) what we are at now or even before. I still can't get around the 20,000 (mostly secondhand) cars a year...thats how truly pathetic you are and always will be.

I mean is it surprising you are like 15 years behind when your future workforce will still be force than our current one? Or that your corruption is so terrible and even worse stagnant?:

https://defence.pk/pdf/threads/whats-holding-back-bangladesh.474841/#post-9149084

You posted this PwC topic again, didnt realise its the exact same one you spewed earlier (and how you got owned there) and now you got owned again. Its the fate of the typical Bangladeshi....especially one that applied real growth to nominal figures and didnt know what a basic consumption basket....or that 53% of the BD average household income is still on food (as pathetically low diet diversity and lack of protein that it entails on average).

http://foodsecurityindex.eiu.com/Country/Details#Bangladesh

No wonder your IQ is so terrible when measured in 3rd party countries:

http://www.unz.com/jthompson/intelligence-of-5-year-olds-in-uk/

Probably explains why genocide claims and underwear are the only 2 "industries" of note in BD :lol:

Which other country cries 3 million of them got killed in cold blood...and no one in the world gives a damn (if they even get to the stage of feigning belief or being curious about some unknown armpit of the world)?

Any surprise you have to take your illegals back from Myanmar (in various bits and pieces literally) and again you lot :cray: but everyone else is :pop:

Looks like you already preparing for the 2017 ICP slap on your face. You know it deep down given you had no idea how it works and assumed everything is "price level". No PPP level upgrade for you....just like your projections will continue to be bad (given your sub saharan level of consumption) and you have to cry that "This projection was done with current economic growth in mind" ....we have to expect BD accelerating obviously with its future workforce being worse skilled than India current one....and its corruption continually being one of the world's worst and stagnant. Good one. BBS ideology at work :enjoy:

But for everyone else, every non-BBS controlled/vetted consumption metric is 10, 15, 20 years behind India or even more sometimes.....and so its not surprising in PPP GDP per capita you are 13 years behind in this PwC projection.

So thanks for posting it yet again thinking its a great report card on BD....just so i can sink it easily.
You were so rude , dude. :(
 
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You were so rude , dude. :(

Yep. Being super nice doesn't get you anywhere in this subforum. I gave it so many tried when I first came....each time they walked all over it eventually.

I could go into all the various venomous things these members have said about India....but no sense in dragging it all up.

I just post the information for everyone to see through their feel-good agenda...if they want.....or they can ignore it too.
 
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Its the exact same source report from many weeks ago:

https://www.pwc.com/gx/en/world-2050/assets/pwc-world-in-2050-summary-report-feb-2017.pdf

Why is it being regurgitated by BD media?

Interesting to note that at much lower base, BD is still projected to grow at slower rate than India according to the PwC report.

Average yearly Growth rates from 2016 - 2030:

India = 19511/8721...comes to 5.9% per year

BD = 1324/628 ....comes to 5.5% per year

Also interesting to note that BD GDP per capita in 2030 is expected to be around 7100 USD per capita (using population projection of 186.5 million in 2030).

https://en.wikipedia.org/wiki/Projections_of_population_growth#Most_populous_nations_by_2030

So by 2030, BD people will be consuming per capita about what Indians do currently in 2017:

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=64&pr.y=4&sy=2014&ey=2017&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,534&s=PPPGDP,PPPPC&grp=0&a=

So PwC projects you are about 13 years behind India...and BD media is pushing this story again?...and its getting posted by members here again? Its not something to be immensely proud of to be posting multiple times is all I can say.

https://defence.pk/pdf/threads/report-bangladesh-to-overtake-malaysia-by-2050.480099/



You are a top 10 population country..... it would be "not bad" if you are at least in top 20 rank by 2030. I gauge India's performance to be in the "not bad" category. BD is mediocre. But I guess things can change still...lets see.

DyW9N6d.jpg


BD can definitely do a lot better (given its low base now....its surprising that its projected as % of Indian economy to be relatively constant at 7% till 2050...even shrinking a bit). But dont worry lets see if there is a big ICP re-evaluation this year on BD PPP multiplier like doyalbaba is desperate for :enjoy:....the consumption basket must have changed drastically since 2011 after all.
When India was 45 years old... what was Indias economy like?
 
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This projection was done with current economic growth in mind.As the third largest economy by ppp,India will slow down much earlier than BD, which was not accounted in this projection.You may say why? Because,world have not enough resource to fuel such large economies like China,USA or India to continue this rapid growth for a long time.

Moreover current Indian growth is very much doubtful.This growth jumped overnight from 4.5 percent to 7.5 percent due to Modi Magic.Although other indicators don't support this growth rate.Numerous economist have shown their doubt about Indian GDP growth rate and methodology of Vedic calculation being used by the bhakt economist.But Modi magic will not last nor will the Vedic deception by bhakts.Wait for another 5 years,BD will suppress India in every economic indicator.

Lol you couldn't help yourself, can you? The bait was glaring and you took it. :lol:

No a single BD poster brought/compared India in this thread apart from an Indian itself. You have to realize that and skip the trap. Cheers!
 
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The level Pakistan "stole"/ "appropriated" from its eastern wing over and beyond say what its elite appropriated from its western wing (also highly rural and oppressed by political elite) in similar fashion has not been neutrally and appropriately determined....so bringing this "1971 reset" is BS and you know it.

You got independence under the union YOU chose (a concept YOU proposed in Dhaka well before Iqbal and Jinnah dreamed of it) at the same time everyone else did. Its high time you owned that.



I do like hunting some BDtrolls from time to time :D
No I don't mean to bring up71... just asking how large India economy was when it was 45 compared to bd when it's 45
 
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No I don't mean to bring up71... just asking how large India economy was when it was 45 compared to bd when it's 45

1992....India manufactured around 450,000 4-wheel motor vehicles (and it was just starting to rapidly grow)....so demand would be around the same I think. It had PPP per capita of around 1400 USD I think....but those were in those PPP dollars back then....not sure what that is now. Nominal US dollars around 300 USD per capita (again in the US dollars back then...not todays). I remember life expectancy was around 60 years, literacy rate hit 50% around that time. Population around 900 million.

These are numbers I remember from my 1993 atlas lol. I read that thing from cover to cover so much....some stuff is pretty much etched in my head esp regarding India.
 
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