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Kamal: Bangladesh GDP reaches $411bn

Sudarshan

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I never understood how GDP rebasing works and how it can add so much to the unaccounted GDP. The newly emerged industries would be big but in 10-15 years I don’t think can become 17% of the existing GDP. Last time India did rebasing, our GDP remained almost the same but our GDP growth rate got increased.
 

Indos

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I never understood how GDP rebasing works and how it can add so much to the unaccounted GDP. The newly emerged industries would be big but in 10-15 years I don’t think can become 17% of the existing GDP. Last time India did rebasing, our GDP remained almost the same but our GDP growth rate got increased.

GDP remained the same must be due to the currency depreciation to USD

Rebasing needs a lot of work that will spend many human hours, the rebasing for Indonesia case is about every 10 years. Frequent rebasing like every 5 years are not necessary to do, it will just target political score while the time spent can be used on something more productive or better not adding current workforce workload too much that can lead to healthy problem and others.

Responsible government will rebase only after 10 years. Indonesia is still using 2010 as base year until now.

More about the topic coming from Indonesian statistician


PPP is somewhat better in calculating economy comparison between countries

 

RangeMaster

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I never understood how GDP rebasing works and how it can add so much to the unaccounted GDP. The newly emerged industries would be big but in 10-15 years I don’t think can become 17% of the existing GDP. Last time India did rebasing, our GDP remained almost the same but our GDP growth rate got increased.
10 years is quite a long time dude.

I know you are talking about Pakistan with 17% figure butI n case of Pakistan, currency depreciatied upto 40% in last 2 years. Pakistani economy was 320+ billion in 2018. So this figure of $347 billion should be no surprise to you.
GDP remained the same must be due to the currency depreciation to USD

Rebasing needs a lot of work that will spend many human hours, the rebasing for Indonesia case is about every 10 years. Frequent rebasing like every 5 years are not necessary to do, it will just target political score while the time spent can be used on something more productive or better not adding current workforce workload too much that can lead to healthy problem and others.

Responsible government will rebase only after 10 years. Indonesia is still using 2010 as base year until now.

More about the topic coming from Indonesian statistician


PPP is somewhat better in calculating economy comparison between countries

Exactly... Pakistani GDP was above $320 billion in 2018. And now even after rebasing it hardly crossed 350 mark. That's the result of depreciation. While GDP PPP kept growing and now it's touching $1.4 trillion

Iran GDP was below $200 billion in 2020 figures given by world Bank. Can you believe it. On the other hand PPP figures were $1.5 trillion.
 
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Indos

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Iran GDP was below $200 billion in 2020 figures given by world Bank. Can you believe it. On the other hand PPP figures were $1.5 trillion.

Hasnt check it yet, but Iran currency is indeed falling down quite fast. I have made the opinion about it in other thread that I think is due to printing money reason.

Iran current nominal GDP figure (1.1 trillion USD) is due to exchange rate that is imposed by their government. It was imposed during Rohani administration, but it is not based on market system and Iran government needs to spend much money to maintain that official exchange rate. Despite so, current government policy is to bring back the exchange rate based on market system, but in order not to create financial shock they will be really careful in doing so
 

bluesky

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So '71 invasion of it's eastern wing was just Pakistan's macho culture. Looks like after non-sensical of fudging your GDP numbers, you lot have lost total sense. Pakistan doesn't have the luxury to neglect it's defense and live under the yolk of Baniya hegemony, which you lot have become totally accustomed to.
What invasion you are talking about here? You have been completely kicked out of our country by our bravado. It was India that saved the lives of your 93,000 troops by taking them POWs and also your prestige by doing so.

Pakistani generals wanted Indian intervention at the last moment to save their faces when our Mukti groups were winning in all the sectors. This is why you attacked first from the western sector. Please read somewhere to know which country started airforce attacks first.

You are right about what India thinks. But India enjoys Pakistan's maco culture because it will cause Pakistan to waste money on the military, will neglect development, and destroy its economy.

But you guys just do not try to understand this small thing.
 
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Indos

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World bank figures aren’t trust worthy, their data always comes out to be funny and bogus.

He he looks like you are criticizing World Bank that has lower estimate on India GDP. Maybe it is IMF that is bias since there are 2 position hold by Indian in IMF, first is the Chief Economist and second is Chief Economist for Asian region.
 

Sudarshan

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He he looks like you are criticizing World Bank that has lower estimate on India GDP. Maybe it is IMF that is bias since there are 2 position hold by Indian in IMF, first is the Chief Economist and second is Chief Economist for Asian region.
Check their data, I’ve relied on their website and only dound trash, they have their own estimations and make data with it, and then update it for next year and this goes on and on. Just look at their GDP value data, its very absurd for every country.
 

Indos

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Check their data, I’ve relied on their website and only dound trash, they have their own estimations and make data with it, and then update it for next year and this goes on and on. Just look at their GDP value data, its very absurd for every country.

Can you give me the link ? I hope they have similar data set like the one from IMF that I posted in here
 

RangeMaster

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What invasion you are talking about here? You have been completely kicked out of our country by our bravado. It was India that saved the lives of your 93,000 troops by taking them POWs and also your prestige by doing so.

Pakistani generals wanted Indian intervention at the last moment when our Mukti groups were winning in all the sectors to save their faces. This is why you attacked first from the western sector. Please read somewhere to know which country started airforce attacks first.

You are right about what India thinks. But India enjoys Pakistan's maco culture because it will cause Pakistan to waste money on the military, will neglect development and destroy its economy.

But you guys just do not try to understand this small thing.
So '71 invasion of it's eastern wing was just Pakistan's macho culture. Looks like after non-sensical of fudging your GDP numbers, you lot have lost total sense. Pakistan doesn't have the luxury to neglect it's defense and live under the yolk of Baniya hegemony, which you lot have become totally accustomed to.

Stop it......! both of you.

@bluesky : Source for "93000" figure?
@SaadH : It's been 50 years. Can't you just let it go? And secondly we are responsible for the mess we are living in. It's not imposed on us unwillingly.
 

bluesky

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@bluesky : Source for "93000" figure?
Who can teach anything to an imbecile guy? Read the history by yourself, and thank India for saving their lives.

Only because of Indian insistence Mujib could not try them in a military court who were the worst offenders of humanity. You should say in chorus, "We are very grateful to you and thanks for saving our lives".
 
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RangeMaster

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Who can teach anything to an imbecile guy? Read the history by yourself, and thank India for saving their lives.

Only because of Indian insistence Mujib could not try them in a military court who were the worst offenders of humanity. You should say in chorus, "We are very grateful to you and thanks for saving our lives".
Why so rude bro. I know Indians are your good friends. Probably more than Pakistan ever could be. I myself have seen the main thread on Bangladesh in Indian forums with this beautiful title "Idiotic sinking state of Bangladesh". How beautiful, with surnames like "Raqibul". Indians reeeaaally love you.

I apologize on behalf of my fellow @SaadH. Unknowingly he muddled this beautiful love pond of yours with his dirty comments.
 

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