You are aware that GDP per capita PPP cannot be fudged?
Also BD economy exported 25 billion US dollars in the last half of 2021. Again you cannot make that up as it can be crossed checked with the imports of the countries that BD exports to.
Anyway I am hopeful that Pakistan can turn the corner as Imran Khan seems a decent, smart and honest guy.
With him and China, Pakistan can do well but you need to still make major social and economic changes as your population is already 220 million that even massive Chinese investments, trade routes and market by themselves cannot make Pakistani economy boom by itself.
Your own websites say government is fudging data. A month ago per capita is $1900 now its $2400. At this rate you will surpassing 99% of the countries by the end of the day. Do you want to believe figures from a government that won "98%" of the seats in the general election?
If you check most consumption data you will see in most of them bd is half of PK. PK is doing quiet good especially in tech. Our startup scene is booming because of the current government and had more than $400M in VC funding which is more than previous six years combined. IT exports are more than $2.5 billion.
I dont deny that BD is not doing well. But not to the extent that your government is showing the world. Ground realities say otherwise.
Let me say a few things to break up your misconception. You need to visit Dhaka.The rate at which BD is going up is very suspicious. Its jumping from $1600 to 2000 and then 2500 in a matter of few months. Every other few months there is a claim by a minister in BD how big the GDP is now. The whole thing is fishy.
A common brand like mcdonalds wouldnt even come to BD. Most brands come to India/PK and completely avoid BD.
Pakistan is not fudging data. Our PPP is $6500 after rebasing our economy yesterday and that actually shows on the ground.
BD per capita seems to shooting up 100% each month. With the kind of authoratarian government BD has I wont be surprised if there is massive data fudging.
Consumption of cement/oil/cars/electricity is higher in PK and in most cases almost double which leads me to believe the data not being true.
The poster you replied has already been told many times about "accumulated wealth" but just finds it too painful to accept BD has surpassed Pakistan in nominal per capita and has now veen matched it in per capita PPP.
I would leave them be as in 15-20 years down the line even they would be too embarrassed to try to compare the two countries as any equivalence.
While I wish Pakistan well, it needs 10-15 years of sustained social and economic reforms before it gets to the growth stage that BD is at now.
I hope what you have written is true...
two million young jobseekers entering the labor market each year for the next decade, and climate change posing formidable risks (it is ranked as the 7th most vulnerable country), Bangladesh faces severe challenges. It enjoys growth momentum, but its fortunes are much too closely tied to a single, low-tech industry and to overseas remittances. The failure to use garments as a springboard to diversify into more complex products, as Korea did; to nurture world class firms with brand recognition, as several East Asian economies have done; to improve the business environment and governance; and to raise factor productivity, which determines whether a country moves steadily up the income ladder, warn of troubles ahead.
Second, the experience of Korea and other East Asian economies demonstrated the need for early diversification into higher-value manufacturers. All these countries began their ascent up the income ladder by producing light manufactures but then quickly branched out into complex products. In the Hausman-Hidalgo-Klinger terminology, these “monkeys” moved from one end of the forest to the other in one big leap. That sort of structural transformation now looks forbiddingly difficult for an LDC, even Bangladesh. There are technological barriers to entry, high-value GVCs are harder to integrate with for newcomers, manufacturing is automating and becoming servitized, and the share of manufacturing in GDP and its contribution to growth is diminishing. As we can see from the Bangladeshi case, the Korea/Taiwan-type manufacturing and export-led growth stories are not being replicated—not by Bangladesh, or emerging markets such as India, Brazil, and Mexico.
Third, Vietnam, the only country that appears to be following the East Asian playbook, highlights the importance of foreign direct investment (FDI) in firmly placing a country on the path to rapid and sustainable growth. It would seem highly desirable for countries that are ambitious and entrepreneurial to pull out the stops—fiscal and otherwise—to attract FDI that could accelerate the process of diversification. The Singapores and Irelands of the world would never have made it without a high volume of FDI.
No doubt, the GDP figures are fully faked with two times the real figures. Read the news below about the Govt. Primary schools in Dhaka. These have no money to develop even the school grounds or the buildings or classrooms. All are an unclean mess.Unfortunately this whole BD produces fake GDP statistics has been encouraged by a couple of BD posters and one or two others have also somewhat joined in the narrative to some extent.
BD's data is just as reliable as any other country at a similar level of economic development.
Just by looking at BD's export performance and increase in domestic consumer market since BAL came into power should shut up this allegation but some are far too narrow-minded to open their minds to what has been happening in BD for some time now.
Bangladesh tax collection, all revenue is about 2.4 billion USD per month in 2021-22, and that makes it about 28.8 billion USD per year. This makes it about 5,040 billion PKR, more than 1000 billion PKR less than Pakistan tax collection of 2020. The curious case of lower tax collection and higher GDP nominal.Less than 8% tax vs GDP is a world record. It shows the GDP is shown double. Only Chinese money is keeping BD floating that will dry out in a few years at maturity.
So, the tax collection is only 7% of the GDP. So, the GDP figure of BD is virtually fake. Even Nepal collects about 30% tax compared to the GDP figures.Bangladesh tax collection, all revenue is about 2.4 billion USD per month in 2021-22, and that makes it about 28.8 billion USD per year.
So, the tax collection is only 7% of the GDP. So, the GDP figure of BD is virtually fake. Even Nepal collects about 30% tax compared to the GDP figures.
Bangladesh tax collection, all revenue is about 2.4 billion USD per month in 2021-22, and that makes it about 28.8 billion USD per year. This makes it about 5,040 billion PKR, more than 1000 billion PKR less than Pakistan tax collection of 2020. The curious case of lower tax collection and higher GDP nominal.
Bangladesh Tax Revenue was reported at 3.207 USD bn in Dec 2021. This records an increase from the previous number of 2.460 USD bn for Nov 2021.www.ceicdata.com
Government Revenues in Pakistan increased to 6272.20 PKR Billion in 2020 from 4900.70 PKR Billion in 2019. Government Revenues in Pakistan averaged 4322.42 ...
Government Revenues in Pakistan increased to 6903.40 PKR Billion in 2021 from 6272.20 PKR Billion in 2020. Government Revenues in Pakistan averaged 4580.52 PKR Billion from 2012 until 2021, reaching an all time high of 6903.40 PKR Billion in 2021 and a record low of 2566.50 PKR Billion in 2012...tradingeconomics.com
This happens in much richer countries like Indonesia for example.
In 2019, Indonesia was at only 12% of GDP and they have nominal GDP per capita of over 4,000 US dollars. India with a GDP per capita of half this number has tax collection that is 18% of GDP.
I would give up this clutching at straws and rather than worry about BD, see how you can personally improve Pakistan's poor economic performance to date.