Some truth about Bangladesh's GDP.

[UKBengali]

Yes I have seen your posts and contributions. You does seems like very intelligent person.

"You does seems like very intelligent person."


Are you a fresh off the boat immigrant into Canada, as your grammar is appalling?

 

[Neptune_]

I feel some Bangladeshi I meet specially the new fresh of the boat moving here is acting more and more like typical Indian. Like India becoming supa pawa (i have been hearing this since my teenage years that was 15 years ago) etc etc....its embarrassing when this new arrivals from india does that in front of white and Chinese...now I am seeing this annoying behavior from BD people as well...like seriously one GDP is 1800 another 2050...

Who the hell r u to decide how we should behave and what we should post here?

If u don't like reading positive news about BD then don't visit this section or read the threads posted by BD members. If u get lost from here nobody will miss u. U r a nobody here.

We will continue posting positive news about BD and feel proud about our prosperity in economic and social sectors

 

[mmr]

Who the hell r u to decide how we should behave and what we should post here?

If u don't like reading positive news about BD then don't visit this section or read the threads posted by BD members. If u get lost from here nobody will miss u. U r a nobody here.

We will continue posting positive news about BD and feel proud about our prosperity in economic and social sectors

Please feel free to do write the great sucess story of BD lol but if you have ability please go ahead and ban me lmao...no wonder every one make fun of us.

"You does seems like very intelligent person."


Are you a fresh off the boat immigrant into Canada, as your grammar is appalling?

And your English is perfect.

 

[Michael Corleone]

Gadhar moto prosna na kora bhalo behave Koren. By looking your post Mona hoy apni Rohingya? Now stfu!
aisob chetana babsaiya nia kia kora jay ar....BAL Supporter I guess?

with that shitty attitude you're isolating yourself among your own countrymen

 

[mmr]

with that shitty attitude you're isolating yourself among your own countrymen

That only happen because my own country man question about my nationality. Otherwise I will not get pissed. You can have free opinion here it is just a forum but no need to be triggered.

 

[Abu Shaleh Rumi]

There is a sustained propaganda in PDF that Bangladesh's nominal GDP is inflated by adding up inflation over the years and it is actually a lot less(28 percent less in by 2017) than actual/real GDP. For example, according to World Bank, Bangladesh's real GDP in 2010 constant dollar in 2017 is 180 billion dollar, whereas in the same year, GDP in current price is 250 billion dollar.

It is falsely propagated that, this gap is because, current BD govt. is engaged in GDP manipulation to look it good by adding inflation in it by fraudulent means. Now before examining this claim, we have to consider that, a substantial gap between nominal GDP in current price and constant price is not something unique to Bangladesh.

https://data.worldbank.org/indicator/ny.gdp.mktp.cd
https://data.worldbank.org/indicator/ny.gdp.mktp.kd

According to world Bank, in 2017 China's 2010 constant price nominal GDP is 17 percent less than the GDP in current price. For Pakistan, it is 21 percent, for Kenya, it is 27 percent less than current price. On the other hands, many European countries and some other countries like Turkey shows their GDP in constant price is higher than the current price. Other countries shows little difference between constant and current price(such as India).

Now question is, why this variable outcome for different countries? It is not due to what propagated here that, constant/Real GDP for Bangladesh is low because pilling up of inflation with real GDP expansion by dishonest BAL govt.(then question arises, China, Pakistan, Kenya and many other countries who also shows significantly lower GDP in constant price are also run by BAL govt.?)

The real reason for this diverging outcome of each country is due to relative currency depreciation or appreciation against dollar. It is the magnitude of currency depreciation or appreciation against dollar which determine about whether a country's constant GDP will be lower or higher than current GDP and how much. The reason why Bangladesh show large gap(constant GDP 28 percent less than current nominal GDP), is because Taka's depreciation against Dollar is relatively little. Taka depreciated just 10 percent against Dollar in 2010-2017 period. So, Bangladesh's nominal GDP in current price grew relatively faster than many other countries because Taka lost little values while high GDP growth rate and Dollar inflation(which is same for every country) over the years made faster incremental growth.

While many currencies such as Turkish Lira, Euro or Indian Rupee depreciated against Dollar considerably more in last several years and their nominal GDP in current price rose more slowly. So, ultimately it is not about inflation which make a variation of Nominal GDP in constant dollar for different countries. But the GDP growth rate and currency rate fluctuation. here effect of inflation is same for every country. So inflation is not a factor.

The heavy depreciation of Turkish Lira against dollar in recent time means that it's constant GDP is now one and half times bigger than current GDP. Another fact is, the recent heavy depreciation of Pakistan Rupee against Dollar will show convergence of Pakistan's constant GDP and current GDP figure in World Banks's 2018, 2019 calculation from the previous relatively bigger gap. World Bank is clear about this fact of Currency exchange rate effect on GDP in constant price and current price.

https://datahelpdesk.worldbank.org/...is-the-difference-between-current-and-constan

Another fact is need to highlight here. 'Nominal GDP in constant price in Dollar' is something which only World Bank publish. IMF, UN do not bother to publish such data. IMF publish GDP in constant price in national currency of the respective country though. So exchange rate against dollar effect here is absent.

This nominal GDP in constant price by World Bank means little in a country's international standing in GDP. Nominal GDP itself is vary much of a thing of currency value. So, nominal GDP in constant price means little because, currency exchange rate at present which really matters and the fact that, in nominal GDP in current price, effect of Dollar inflation is same for every country.

For Example, suppose country A and B's real GDP growth is 4 and 6 percent respectively, and Dollar inflation is 4 percent. So at the end of the year, the nominal GDP growth in current price for country A would be=4+4=8 percent and country B's nominal GDP growth in current price would be=6+4=10 percent. So, for both countries, effect of Dollar inflation is the same. For above mentioned facts, all the GDP ranking in the world are done by Nominal GDP in current price. No one do it by GDP in constant price from 2010.

GDP in constant price is just a calculation of GDP without taking into effect of Dollar inflation. It is a virtual concept. It has no practical value, because inflation of dollar can not be separated in real world GDP.

So, for Bangladesh, like any other country in the world, it is the current nominal GDP volume which matter. Not the GDP in constant price. And for living standard, current GDP PPP per capita matters.

Chilax bro.

Once upon a time we faced famine and now look where we are and think where we will be! What happens in PDF stays in PDF.

Barking dogs seldom bite...

no wonder every one make fun of us.

Because we arent afraid to criticise them. Some Pakistani, indian, chinese and some of them with different flag are not everyone. They are ultra nationalistic peoples. Even if you criticise them with civil language they will start personal attacks. Stay sometime and you will realise that.

Anyway, happy to see you here...

 

[mmr]

Chilax bro.

Once upon a time we faced famine and now look where we are and think where we will be! What happens in PDF stays in PDF.

Barking dogs seldom bite...


Because we arent afraid to criticise them. Some Pakistani, indian, chinese and some of them with different flag are not everyone. They are ultra nationalistic peoples. Even if you criticise them with civil language they will start personal attacks. Stay sometime and you will realise that.

Anyway, happy to see you here...

Still people should be humble. And criticize own government is not always bad thing. Progress in BD is not trickle down to the masses. Its only making certain quarter getting richer.

 

[Nilgiri]

The real reason for this diverging outcome of each country is due to relative currency depreciation or appreciation against dollar.

+

(then question arises, China

How does anyone get to post this in a long winded "analysis" is beyond me hahah.

a) Have we looked at Chinese yuan appreciation/depreciation? (If this is the super stronk theory) in the time frame of note?

b) Any basic considering of how forex stockpile of China plays a role in this? (Or already too advanced for you?)

c) Did you even look at what constant dollars means? Like what is the actual definition of how its computed?

My god you're dumb, and you typed all of that just to double down on it. Just for countering little old me. Afraid what I am presenting will show too much you are uncomfortable with discussing right?

@SBUS-CXK @Sugarcane

Really you could have used that time/effort to help 1 - 2 poor BD people from having to go to India for basic medical treatment. You say you are a doctor right? (Or are you an economist?---make up your mind please). How about doing just a little bit to help where it matters first and leading by example? Instead of regurgitating your long spiel (that you already did months back and just repackaging now - just like a lot of BD economy does it seems)?

It's of no use to "re-fute" certain people here OR trump up positive numbers by posting articles every day.

If Bangladesh truely is improving, the results will be seen on the ground in time.

Precisely! 100% spot on. Now if people would only step back and give the time to see all of this. Its going to happen whatever happens. So whats the big deal in waiting?

2 dollars per person invested outside (while claiming 300 billion GDP domestically) will definitely go a long way. One is verified by others, the other has internal political party monolith only to back it. So lets see which end holds up!..or both even!

People here already wait with bated breath for the much talked about export miracle (past what BD is given duty free access for) in competitive MVA stuff....and they get a few steady stream of articles but no follow up on any of the reality. So they can surely wait a bit longer?

I am willing to be wrong on my assertions. I wonder if the huge spiel hypocrite doctor-claim types are though. Talking in here (just to counter me "the troll") instead of doing their bit out there. I am that important? Just let it all play out, whats the rush in defining the set conclusive narrative right now this early? I wouldnt even do it for much larger established countries to begin with.

@bluesky

@GeraltofRivia

 

[bluesky]

I am not surprised that @Homo Sapiens is nervous to see his make-believe world based on manipulated inflation figures has been destructed. No one denies that BD economic situation has become better compared to the days after 1971. People earn more, spend more, eat better, wear better clothes and many other things.

But, most other underdevelopment remains as it is. Not only Dhaka, go to any township or to a market, but these are also dustbins. Manipulated or not what is the use of 8% or 10% GDP growth then? It is all nonsense. Are not these the reason that no one likes to visit BD? I know, @Homo Sapiens love to talk about 1 million visitors.

He is waiting for some amusement parks to be built in Cox's Bazaar. But, no one will visit unless the country is clean. At least, provide toilets in all the eateries first and then take pride in development. Do you guys want the tourists to go back to their hotels for pissing?

 

[R4hil]

I believe Bangladesh is at an important crossroad that will decide the rest of their future. What they do now could turn them in to a global power 50-100 years down the road, or they could stay a backwater country stuck in a perpetual cycle of poverty. It is up to us and the people of Bangladesh to see what our fate is, there is no point in fighting over useless statistics, TOGETHER only we can change our own situation.

 

[Nilgiri]

Ask the black cats to learn some respect before asking where I am from? How about that...now please start stop worry about me.

Looks like BAL-stronk team already ganging up on you now after "warm welcome" earlier.

They have done this mob mentality with lot of BD ppl before and drove them (and good counterpoint discussion from BD side) away. Only very few independent thinking BD members remain like @bluesky that are willing to even acknowledge that reality can be different from whatever numbers float up thru govt daisy chain. Surprise surpise...the conspiracy just evolves that he is hacked/controlled account of mine (again after very warm relations/interactions he had with exact same members before).

Hope you stay and provide some good debate and discussion....dont let the knee jerk "BAL cant be questioned" types get to you. They think they own this place, but they don't.

 

[mmr]

Looks like BAL-stronk team already ganging up on you now after "warm welcome" earlier.

They have done this mob mentality with lot of BD ppl before and drove them (and good counterpoint discussion from BD side) away. Only very few independent thinking BD members remain like @bluesky that are willing to even acknowledge that reality can be different from whatever numbers float up thru govt daisy chain. Surprise surpise...the conspiracy just evolves that he is hacked/controlled account of mine (again after very warm relations/interactions he had with exact same members before).

Hope you stay and provide some good debate and discussion....dont let the knee jerk "BAL cant be questioned" types get to you. They think they own this place, but they don't.

i will try but i can see some of them are so insecure and immature. like high school bully...

 

[Black_cats]

I feel some Bangladeshi I meet specially the new fresh of the boat moving here is acting more and more like typical Indian. Like India becoming supa pawa (i have been hearing this since my teenage years that was 15 years ago) etc etc....its embarrassing when this new arrivals from india does that in front of white and Chinese...now I am seeing this annoying behavior from BD people as well...like seriously one GDP is 1800 another 2050...

Look at your own post. Does it look like from someone who is Bangladeshi? What is boat moving here and what behavior looks like typical Indian to you? What behavior you expected? What behavior will make them look like Pakistanis? If I am BAL supporter which supporter you are? Looking at Your language it seems your upbringing is not good and is really frustrated and probably did asylum seeking in Canada so you see or visualize people coming there in boat.

 

[Abu Shaleh Rumi]

Still people should be humble. And criticize own government is not always bad thing. Progress in BD is not trickle down to the masses. Its only making certain quarter getting richer.

You are spot on here. Self criticism is a key for our success.

BTW, I tried to stay humble. But, the trolls here are too much for me to keep my calm!

 

[SBUS-CXK]

There is a sustained propaganda in PDF that Bangladesh's nominal GDP is inflated by adding up inflation over the years and it is actually a lot less(28 percent less in by 2017) than actual/real GDP. For example, according to World Bank, Bangladesh's real GDP in 2010 constant dollar in 2017 is 180 billion dollar, whereas in the same year, GDP in current price is 250 billion dollar.

It is falsely propagated that, this gap is because, current BD govt. is engaged in GDP manipulation to look it good by adding inflation in it by fraudulent means. Now before examining this claim, we have to consider that, a substantial gap between nominal GDP in current price and constant price is not something unique to Bangladesh.

https://data.worldbank.org/indicator/ny.gdp.mktp.cd
https://data.worldbank.org/indicator/ny.gdp.mktp.kd

According to world Bank, in 2017 China's 2010 constant price nominal GDP is 17 percent less than the GDP in current price. For Pakistan, it is 21 percent, for Kenya, it is 27 percent less than current price. On the other hands, many European countries and some other countries like Turkey shows their GDP in constant price is higher than the current price. Some other countries shows little difference between constant and current price(such as India). But the matter of fact that, all countries shows some variation.

Now question is, why this variable outcome for different countries? It is not due to what propagated here that, constant/Real GDP for Bangladesh is low because pilling up of inflation with real GDP by dishonest BAL govt.(then question arises, China, Pakistan, Kenya and many other countries who also shows significantly lower GDP in constant price are also run by BAL govt.? even if BAL manage to manipulate somehow, why IMF, World Bank would accept it?)

The real reason for this diverging outcome of each country is due to relative currency depreciation or appreciation against dollar. It is the magnitude of currency depreciation or appreciation against dollar which determine about whether a country's constant GDP will be lower or higher than current GDP and how much. The reason why Bangladesh show large gap(constant GDP 28 percent less than current nominal GDP), is because Taka's depreciation against Dollar is relatively little. Taka depreciated just 10 percent against Dollar in 2010-2017 period. So, Bangladesh's nominal GDP in current price grew relatively faster than many other countries because Taka lost little values while high GDP growth rate and Dollar inflation(which is same for every country) over the years made faster incremental growth.

While many currencies such as Turkish Lira, Euro or Indian Rupee depreciated against Dollar considerably more in last several years and their nominal GDP in current price rose more slowly. So, ultimately it is not about inflation which make a variation of Nominal GDP in constant dollar for different countries. But the GDP growth rate and currency rate fluctuation. here effect of inflation is same for every country. So inflation is not a factor.

The heavy depreciation of Turkish Lira against dollar in recent time means that it's constant price GDP is now one and half times bigger than current price GDP. Another fact is, the recent heavy depreciation of Pakistan Rupee against Dollar will show convergence of Pakistan's constant GDP and current GDP figure in World Banks's 2018, 2019 calculation from the previous relatively bigger gap. World Bank is clear about this fact of Currency exchange rate effect on GDP in constant price and current price.

https://datahelpdesk.worldbank.org/...is-the-difference-between-current-and-constan

Another fact is need to highlight here. 'Nominal GDP in constant price in Dollar' is something which only World Bank publish. IMF, UN do not bother to publish such data. IMF publish GDP in constant price in national currency of the respective country though. So exchange rate against dollar effect here is absent.

This nominal GDP in constant price by World Bank means little in a country's international standing in GDP. Nominal GDP itself is vary much of a thing of currency value. So, nominal GDP in constant price means little because, currency exchange rate at present which really matters and the fact that, in nominal GDP in current price, effect of Dollar inflation is same for every country.

For Example, suppose country A and B's real GDP growth is 4 and 6 percent respectively, and Dollar inflation is 4 percent. So at the end of the year, the nominal GDP growth in current price for country A would be=4+4=8 percent and country B, it would be=6+4=10 percent. So, for both countries, effect of Dollar inflation is the same. For above mentioned facts, all the GDP ranking in the world are done by Nominal GDP in current price. No one do it by GDP in constant price from 2010.

GDP in constant price is just a calculation of GDP without taking into effect of Dollar inflation. It is a virtual concept. It has no practical value, because inflation of dollar can not be separated from GDP in real world.

So, for Bangladesh, like any other country in the world, it is the current nominal GDP volume which matter. Not the GDP in constant price. And for living standard, current GDP PPP per capita matters.

+



How does anyone get to post this in a long winded "analysis" is beyond me hahah.

a) Have we looked at Chinese yuan appreciation/depreciation? (If this is the super stronk theory) in the time frame of note?

b) Any basic considering of how forex stockpile of China plays a role in this? (Or already too advanced for you?)

c) Did you even look at what constant dollars means? Like what is the actual definition of how its computed?

My god you're dumb, and you typed all of that just to double down on it. Just for countering little old me. Afraid what I am presenting will show too much you are uncomfortable with discussing right?

@SBUS-CXK @Sugarcane

Really you could have used that time/effort to help 1 - 2 poor BD people from having to go to India for basic medical treatment. You say you are a doctor right? (Or are you an economist?---make up your mind please). How about doing just a little bit to help where it matters first and leading by example? Instead of regurgitating your long spiel (that you already did months back and just repackaging now - just like a lot of BD economy does it seems)?




Precisely! 100% spot on. Now if people would only step back and give the time to see all of this. Its going to happen whatever happens. So whats the big deal in waiting?

2 dollars per person invested outside (while claiming 300 billion GDP domestically) will definitely go a long way. One is verified by others, the other has internal political party monolith only to back it. So lets see which end holds up!..or both even!

People here already wait with bated breath for the much talked about export miracle (past what BD is given duty free access for) in competitive MVA stuff....and they get a few steady stream of articles but no follow up on any of the reality. So they can surely wait a bit longer?

I am willing to be wrong on my assertions. I wonder if the huge spiel hypocrite doctor-claim types are though. Talking in here (just to counter me "the troll") instead of doing their bit out there. I am that important? Just let it all play out, whats the rush in defining the set conclusive narrative right now this early? I wouldnt even do it for much larger established countries to begin with.

@bluesky

@GeraltofRivia

WTF! Bangladesh compares BD with China??? where does this confidence come from? just because of a bunch of data?

RMB is the IMF reserve currency. What is Bangladesh TK??? Sh1t!

https://www.scmp.com/business/marke...-reserve-currency-club-milestone-moment-china

https://www.bloomberg.com/professio...erve-currency-implications-and-opportunities/

https://www.bloomberg.com/professio...erve-currency-implications-and-opportunities/

An LDC country has no resources, no industry and a messy infrastructure. the industrial structure is extremely chaotic. without any effective reform. Now it thinks it can be compared with China...

A country can be ignorant to what extent?

Although Bangladesh is no too big different with Myanmar, Laos, Cambodia, Nepal, Bhutan, Kenya, Cameroon, Tanzania, Zambia, Zimbabwe, Senegal, Gambia, Mali... but Bangladeshi mouths will solve these problems.