Bangladesh 2nd largest economy in South Asia

[TopCat]

nope..
When you devalue most of the time the loss is recovered in increase in inflation
As gdp growth = real growth+ inflation

Its a chicken and egg game.
You devalue unnecessary your inflation increases. But if you dont devalue with inflation your export competitiveness go away and eventually you devalue. YOu fall under the 2nd category, the eventuality of not devaluing earlier. Now that you devalued we can get the real picture of the size of your economy.

 

[Mage]

Subtract inflation:

https://data.worldbank.org/indicator/NY.GDP.PCAP.KD?locations=IN-BD

No.....every country does a bit of inflation laundering. That's why you see the difference between per capita and per capita in constant USD. Look at Vietnam or China. India does not do that...not up to that level anyway. Why 2010 constant value is important?

 

[TopCat]

No.....every country does a bit of inflation laundering. That's why you see the difference between per capita and per capita in constant USD. Look at Vietnam or China. India does not do that...not up to that level anyway. Why 2010 constant value is important?

India changes the base year frequently.

 

[Nilgiri]

No.....every country does a bit of inflation laundering.

This is not inflation laundering. Do you even understand what constant dollar nominal is? It is your real GDP (w.r.t USD) taking your own Taka inflation rate (as calculated by your BBS people)....again w.r.t USD inflation.

i.e what can your people actually purchase at any given year. You can compare the correlation with PPP (which calibrates the level as well) for yourself.

Inflation laundering (into the real base) because of GDDS and an outdated base year is something else entirely.

Why 2010 constant value is important?

You need to set the REER reference at some year after all.

 

[Mage]

This is not inflation laundering. Do you even understand what constant dollar nominal is? It is your real GDP (w.r.t USD) taking your own Taka inflation rate (as calculated by your BBS people)....again w.r.t USD inflation.

i.e what can your people actually purchase at any given year. You can compare the correlation with PPP (which calibrates the level as well) for yourself.

Inflation laundering (into the real base) because of GDDS and an outdated base year is something else entirely.



You need to set the REER reference at some year after all.

Then again, like @TopCat said, India use a newer base year than BD....BD was supposed to update base year too. Don't know what happened

 

[TopCat]

Then again, like @TopCat said, India use a newer base year than BD....BD was supposed to update base year too. Don't know what happened

BD still using 2005 base year

 

[Mage]

BD still using 2005 base year

Why don't they update the base year?

 

[TopCat]

Why don't they update the base year?

BD's policy is to update in every 10 years. So it will be updated in 2020 and chang the base year to 2015.
India is bit desperate and tries too many things. We dont need to follow them. They tries things which are not compatible to their underlying capacity of their economy.

 

[Nilgiri]

Then again, like @TopCat said, India use a newer base year than BD....BD was supposed to update base year too. Don't know what happened

I heard its coming up soon:

https://thefinancialexpress.com.bd/economy/govt-set-to-revise-gdp-base-year-1504673338

June 2020 will be implementation of the 2015/16 base year. Patience my padawan.

 

[Mage]

BD's policy is to update in every 10 years. So it will be updated in 2020 and chang the base year to 2015

Why BD have so bad policies? Why no casino or pubs in BD? What will I do upon returning there?

 

[Nilgiri]

Why BD have so bad policies? Why no casino or pubs in BD? What will I do upon returning there?

Enjoy hilsa, pomfret and all the other good bong dishes. What you lack in vices, you make up for in the cuisine....and nice looking pori moni type lasses.

 

[TopCat]

Why BD have so bad policies? Why no casino or pubs in BD? What will I do upon returning there?

Come and date me.. If you are a woman... If not i will hook u up with some party girl.

 

[Mage]

Come and date me.. If you are a woman... If not i will hook u up with some party girl.

Takla Biman Babu(no offense, just Joking) you look like you are in your early 40's from your pics. Don't tell me you aren't married yet.

 

[TopCat]

Takla Biman Babu(no offense, just Joking) you look like you are in your early 40's from your pics. Don't tell me you aren't married yet.

No I dont look like 40's... and you will be fine as long as your are woman...
I even dated a 57 years old woman when I was in my 20's... widen your mind and enjoy the life to its fullest... everything has its taste..

 

[Mage]

I even dated a 57 years old woman when I was in my 20's...

That was like 20 years ago...things are not the same.

No I dont look like 40's... and you will be fine as long as your are woman...

Well, I am not. Sorry to burst your expectations.