Bangladesh GDP per capita hasn't crossed Pakistani GDP per capita

[Shajida Khan]

Your name tells me that you're women. Check your language. How you are calling Mr Riaz haq a "MORON"???

Because he has a history of cherry picking and posting blog posts detached from reality which paint India in negative light and Pakistan, in artificially positive light. One of this attempt has always been 'per capita parameters'. Once I meekly told him that his points are wrong as Pakistan has not calibrated its population growth model to reality using a census. He told me that I am ignorant. I am now just returning the favour.

Try visiting his blog on Haq's Musing to see more of his handy work.

 

[BetterPakistan]

Because he has a history of cherry picking and posting blog posts detached from reality which paint India in negative light and Pakistan, in artificially positive light. One of this attempt has always been 'per capita parameters'. Once I meekly told him that his points are wrong as Pakistan has not calibrated its population growth model to reality using a census. He told me that I am ignorant. I am now just returning the favour.

Try visiting his blog on Haq's Musing to see more of his handy work.

I frequently read his posts and his posts indicate his economic expertise. You also post negative news against Pakistan with your fellow members, so shall I call you something negative??? Don't ever use this kind of things as it reflects your mentality. At least grow up, don't act like Kids.

I can explain his post regarding per capita easily but since I got to know your very very limited economic knowledge I thought to quit.

 

[Shajida Khan]

I can explain his post regarding per capita easily but since I got to know your very very limited economic knowledge I thought to quit.

Please enlighten us about how the wrong estimation, or here underestimation of population, will yield to the GDP per capita number which the article is suggesting.

I almost want to use Bushism of 'Misunderestimated' -- which actually fits here perfectly.

 

[BetterPakistan]

Please enlighten us about how the wrong estimation, or here underestimation of population, will yield to the GDP per capita number which the article is suggesting.

The figures quoted by Riazhaq isn't his own. He quoted State Bank of Pakistan which also sends her data to IMF & World Bank and specially to IMF because we recently completed a bail out package from IMF.

Secondly, Pakistan population figure isn't updated yet. You claiming Pakistan population to be 210 or 220 million is wrong since Pakistan Bureau of Census never claimed it to be above or below 210-220 million so this is all speculations not confirmed report and economic calculations are always based on verified data.

 

[Shajida Khan]

The figures quoted by Riazhaq isn't his own. He quoted State Bank of Pakistan which also sends her data to IMF & World Bank and specially to IMF because we recently completed a bail out package from IMF.

Have you read the blogs posted by Mr. RaizHaq? He often juxtaposes figures from two different sources/timeline/data-qualities and compares India and Pakistan.

An example is his blog post on Global Wealth report by Credit Sussie. The report clearly identified the quality of data coming from Pakistan was worse and mentioned in the margins that these numbers should not be compared against each other yet his post boasted about how Pakistani are having more per capita wealth compared to Indians. I believe one reason why analysts at Credit Sussie were not very confident about Pakistan's data was because no one was having any good estimate of Pakistan's population. Yet Mr. Haq kept on blabbering about how Pakistan is more wealthier on a per capita basis compared to India. Hence I call him an IYI. He was comparing rotten apple to fresh apple. And there are more such examples.

BTW, his qualification are those in VLSI/EE and I doubt he is an economics expert.

Secondly, Pakistan population figure isn't updated yet. You claiming Pakistan population to be 210 or 220 million is wrong since Pakistan Bureau of Census never claimed it to be above or below 210-220 million so this is all speculations not confirmed report and economic calculations are always based on verified data.

Fair enough, let those numbers come as well. This is the reason I chose the lower bound.

 

[BetterPakistan]

Have you read the blogs posted by Mr. RaizHaq? He often juxtaposes figures from two different sources and compares India and Pakistan.

An example is his blog post on Global Wealth report by Credit Sussie. The report clearly identified the quality of data coming from Pakistan was worse and mentioned in the margins that these numbers should not be compared against each other yet his post boasted about how Pakistani are having more per capita wealth compared to Indians. I believe one reason why analysts at Credit Sussie were not very confident about Pakistan's data was because no one was having any good estimate of Pakistan's population. Yet Mr. Haq kept on blabbering about how Pakistan is more wealthier on a per capita basis compared to India. Hence I call him an IYI. He was comparing rotten apple to fresh apple. And there are more such examples.

BTW, his qualification are those in VLSI/EE and I doubt he is a economics expert.

I have made it very simple for you. The picture above is credit suisse wealth report 2016 and in the statistics you can clearly see who's wealth per capita is more.

You doubt his economics expertise doesn't matter. When you came up with GDP per capita measurement by diving GDP into population you proved your economics expertise.

GDP per capita calculation isn't that much simple and is not calculated in this way. There's a base year and from that base year to present base year GDP per capita is calculated by adjusting inflation. Secondly the modern and the best way of calculating GDP per capita is by dividing income of all working group with population to come up with GDP per capita.

 

[Shivani87]

If riaz haq has ANY credibility as an economist then lal topi is a defence analyst and ahmed qureishi a journalist.

In pakistan, they probably are.

 

[Shajida Khan]

I have made it very simple for you. The picture above is credit suisse wealth report 2016 and in the statistics you can clearly see who's wealth per capita is more.

You are making the same mistake

Quality of Pakistan's data is poor.

That of Indian data is fair. It is two ratings better and comparable to that of China.

How do you compare them reliably? If the estimation of population differs by about 20% or so, all these results go comparison can easily flip. I guess you are also in lines with Riaz Haq?

GDP per capita calculation isn't that much simple and is not calculated in this way. There's a base year and from that base year to present base year GDP per capita is calculated by adjusting inflation. Secondly the modern and the best way of calculating GDP per capita is by dividing income of all working group to come up with GDP per capita.

Janaab what you are saying is called 'Real GDP per capita' or 'Inflation Adjusted GDP per Capita'. And it is indeed a better tool for looking at the growth because nominal GDP may go up only due to inflation as well. It works well for comparing a country's current economy with its past.

However, you can also compare the market value of all the goods and services produced or consumed by comparing its nominal value in a common currency, say US dollars. On a per capita basis it will give the indication of per capita economic productivity.

 

[BetterPakistan]

You are making the same mistake

I am not making a mistake at all. You don't have any economic knowledge.

at of Indian data is fair. It is two ratings better and comparable to that of China.

How do you compare them reliably? If the estimation of population differs by about 20% or so, all these results go comparison can easily flip. I guess you are also in lines with Riaz Haq?

I don't give a damn about your thinking and your doubts, I have proved you wrong with correct sources before too and you didn't provided any source other than your fake as well as "FAZOOL" data. As far as Indian data is concerned everyone in this entire world knows the credibility of india and its data so shut up.

Janaab what you are saying is called 'Real GDP per capita' or 'Inflation Adjusted GDP per Capita'. And it is indeed a better tool for looking at the growth because nominal GDP may go up only due to inflation as well. It works well for comparing a country's current economy with its past.

However, you can also compare the market value of all the goods and services produced or consumed by comparing its nominal value in a common currency, say US dollars. On a per capita basis it will give the indication of per capita economic productivity.

The better and modern way is by calculating income of citizens and dividing it. Better do complete research instead of doing google and presenting me data. Conversation with people like you is a waste of time. Riazhaq is an expert and you are a fed up & ignorant fool.

 

[Baby Leone]

I am not making a mistake at all. You don't have any economic knowledge.



I don't give a damn about your thinking and your doubts, I have proved you wrong with correct sources before too and you didn't provided any source other than your fake as well as "FAZOOL" data. As far as Indian data is concerned everyone in this entire world knows the credibility of india and its data so shut up.



The better and modern way is by calculating income of citizens and dividing it. Better do complete research instead of doing google and presenting me data. Conversation with people like you is a waste of time. Riazhaq is an expert and you are a fed up & ignorant fool.

Bhai ap deewar se sir mar rahe hian. they are indians and feeded hate 24/7 by their govt so they can only digest negative things about all her neighbors. they get constipation when any positive news come about other country so dont waste your time and let them enjoy their wet dream.

 

[BetterPakistan]

Bhai ap deewar se sir mar rahe hian. they are indians and feeded hate 24/7 by their govt so they can only digest negative things about all her neighbors. they get constipation when any positive news come about other country so dont waste your time and let them enjoy their wet dream.

 

[EndangeredSpecies]

I have reported your post and I thought I shall explain to you how GDP per capita is calculated based on proven data but after reading your complete post and your writing skills I have came to know that you don't have any economic knowledge and for your information he (Riazhaq) is an expert while you are a fed up newbie. At least talk properly, your words represent your mentality.

You doubt his economics expertise doesn't matter. When you came up with GDP per capita measurement by diving GDP into population you proved your economics expertise.

GDP per capita calculation isn't that much simple and is not calculated in this way. There's a base year and from that base year to present base year GDP per capita is calculated by adjusting inflation. Secondly the modern and the best way of calculating GDP per capita is by dividing income of all working group with population to come up with GDP per capita.

*Ahem* You are quite wrong about it sir!

You are conflating GDP (Constant Dollars) with GDP (nominal, current USD) Per Capita.

GDP (nominal, current USD) can be calculated using a number of methods :
1. The expenditures approach
2. The factor income approach
3. Value add approach

However, GDP Per Capita is indeed calculated by dividing GDP by Population.

Don't believe me? Okay! Here is a simple experiment. Let us take country say Pakistan and see its GDP (nominal, current $) per capita for 2016, 2015, 2014 and compare it with the formula used here.

2016
GDP : $ 283.66 Billion (http://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=PK)
Population : 193203476 (http://data.worldbank.org/indicator/SP.POP.TOTL?locations=PK)
GDP Per Capita : $1468.193 (http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=PK)
GDP divided by Population : 283660000000 / 193203476 = 1468.1930463818362

2015
GDP : $ 283.66 Billion (http://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=PK)
Population : 189380513 (http://data.worldbank.org/indicator/SP.POP.TOTL?locations=PK)
GDP Per Capita : $1431.245 (http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=PK)
GDP divided by Population : 271050000000 / 189380513 =1431.2454629373615

2014
GDP : $ 244.361 Billion (http://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=PK)
Population : 185546257 (http://data.worldbank.org/indicator/SP.POP.TOTL?locations=PK)
GDP Per Capita : $1316.981 (http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=PK)
GDP divided by Population : 244361000000 / 185546257 = 1316.9815654109368

So you can see GDP (nominal, USD) Per Capita can indeed be calculated by dividing GDP (nominal, USD) by population. Hence in 2017, if the predicted GDP comes out to be 305 billion and population ( which will be officially declared by the end of July based on stats collected from 2017 census) comes out to be 210 million , Pakistani GDP (nominal, USD) Per Capita will indeed be $1452.380 and indeed Bangladeshi GDP (nominal, USD) per capita will cross Pakistani's figure.

 

[wiseone2]

I have made it very simple for you. The picture above is credit suisse wealth report 2016 and in the statistics you can clearly see who's wealth per capita is more.

You doubt his economics expertise doesn't matter. When you came up with GDP per capita measurement by diving GDP into population you proved your economics expertise.

GDP per capita calculation isn't that much simple and is not calculated in this way. There's a base year and from that base year to present base year GDP per capita is calculated by adjusting inflation. Secondly the modern and the best way of calculating GDP per capita is by dividing income of all working group with population to come up with GDP per capita.

We do not care about inflation adjusted data. We want to know what is the standard of living of a given country at a given point in time. When we compare two countries we want to compare on a nominal basis and also on a true living standard basis.

Your chart above uses average for India and median for Pakistan. That may be apple versus oranges comparison

 

[BetterPakistan]

We do not care about inflation adjusted data. We want to know what is the standard of living of a given country at a given point in time. When we compare two countries we want to compare on a nominal basis and also on a true living standard basis.

Your chart above uses average for India and median for Pakistan. That may be apple versus oranges comparison

When comparing two countries you cannot use nominal data, Inflation adjusted data is used. I don't give a damn if you accept it or not, the fact remains fact.

*Ahem* You are quite wrong about it sir!

You are conflating GDP (Constant Dollars) with GDP (nominal, current USD) Per Capita.

GDP (nominal, current USD) can be calculated using a number of methods :
1. The expenditures approach
2. The factor income approach
3. Value add approach

However, GDP Per Capita is indeed calculated by dividing GDP by Population.

Don't believe me? Okay! Here is a simple experiment. Let us take country say Pakistan and see its GDP (nominal, current $) per capita for 2016, 2015, 2014 and compare it with the formula used here.

2016
GDP : $ 283.66 Billion (http://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=PK)
Population : 193203476 (http://data.worldbank.org/indicator/SP.POP.TOTL?locations=PK)
GDP Per Capita : $1468.193 (http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=PK)
GDP divided by Population : 283660000000 / 193203476 = 1468.1930463818362

2015
GDP : $ 283.66 Billion (http://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=PK)
Population : 189380513 (http://data.worldbank.org/indicator/SP.POP.TOTL?locations=PK)
GDP Per Capita : $1431.245 (http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=PK)
GDP divided by Population : 271050000000 / 189380513 =1431.2454629373615

2014
GDP : $ 244.361 Billion (http://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=PK)
Population : 185546257 (http://data.worldbank.org/indicator/SP.POP.TOTL?locations=PK)
GDP Per Capita : $1316.981 (http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=PK)
GDP divided by Population : 244361000000 / 185546257 = 1316.9815654109368

So you can see GDP (nominal, USD) Per Capita can indeed be calculated by dividing GDP (nominal, USD) by population. Hence in 2017, if the predicted GDP comes out to be 305 billion and population ( which will be officially declared by the end of July based on stats collected from 2017 census) comes out to be 210 million , Pakistani GDP (nominal, USD) Per Capita will indeed be $1452.380 and indeed Bangladeshi GDP (nominal, USD) per capita will cross Pakistani's figure.

You are wrong or you don't read carefully.

I said the modern way is to divide the income of all youngsters to come up with GDP per capita. Go & search about it. You are still using those old economic methods. If I go this way with India than there is difference between what your GDP per capita officially is and what it comes up by diving population with GDP.

2017 census result isn't out so better don't speculate it.

 

[wiseone2]

When comparing two countries you cannot use nominal data, Inflation adjusted data is used. I don't give a damn if you accept it or not, the fact remains fact.

We are not measuring growth. We are not comparing to a baseline. Why do I care about inflation adjusted data ? Trying to understand ?