Bangladesh GDP 286 billion USD, Per capita 1,733 USD in 2018.

[Black_cats]

286 bn with 8% in 10 years = 617 bn

and you are talking about 1 Trillion by10 years?!!!!!!!!!

For 1 Trillion, you will need 13.4% growth for next 10 years.

Formula: GDP x (1+(Rate/100))^Year

You guys want to show things bigger intentionally to support BAL, let alone the credibility of BBS.

Take into account base year of the GDP as well. Bangladesh's GDP is calculated based on 2005 base year. If it is re based, gdp will be appreciated by 20% or more. If it is rebased again to 2025 there will be another appreciation. So the net result will be higher.

As mage indicated in 2008 Bd GDP was 91 dollar and in 2018 it increased to 286 billion USD even with 6% GDP growth. The thing that happened in between is economy has been rebased from 1995 to 2005. Economy is expected to be upgraded to 2015 soon.

 

[Dot]

Our Base Year is officially updated every 10 years, current being FY 2005-2006. Process is already underway financed by ADB/WB afaik, to rebase it to FY 2015-2016 by end of 2019/beginning of 2020, along with other improvement in the operational capacity of BBS. Rebasing would easily increase GDP by atleast 20-25% since new sectors would be included into GDP calculation formula along with a new weight distribution among them.

 

[Homo Sapiens]

286 bn with 8% in 10 years = 617 bn

and you are talking about 1 Trillion by10 years?!!!!!!!!!

For 1 Trillion, you will need 13.4% growth for next 10 years.

Formula: GDP x (1+(Rate/100))^Year

You guys want to show things bigger intentionally to support BAL, let alone the credibility of BBS.

With constant 2018 dollar and without any base year upgradation, it will be around 650-700 billion by 2030 with expected 7.5-8.0 percent growth rate. But dollar value is not static.Notice that, this 286 billion is calculated in current dollar.Same thing will be done in 2030 also.And 1 or 2 base upgrade is long overdue in the next 12 years.So it is very much possible that nominal GDP will touch 1 trillion by 2030.What @Mage posted here is an optimistic projection based on current trends. And we have reasons to be optimistic. This is not BAL propaganda. I hope peoples like yourself will not put down the country just for the sake of opposing BAL.

 

[NeonNinja]

Congrats

 

[Mage]

286 bn with 8% in 10 years = 617 bn

I have explained this before. Growth rate always takes USD inflation rate into consideration. GDP of BD grew from 1468 to 1610 in 2016-17 FY. That's like 9.6% growth. But Growth rate was reported to be 7.2%....And that's considering the population increase as well.
Check growth rate for any country. India, Pakistan etc......their GDP grew more than their reported growth rate.

Or use google. BD GDP was 91 billion in 2008. How did it become 286 billion in 10 years with 6% growth rate? There is also Base year shift as well.

You guys want to show things bigger intentionally to support BAL, let alone the credibility of BBS.

I don't. My calculation takes 3% USD inflation into account. Hence the result.

Do some math.

226 billion in 2016. 249 Billion in 2017. How much increase there is, you think? 2018, we're talking about 286 Billion at the end of the year. Give me the growth rate, you genius..

 

[Black_cats]

You guys want to show things bigger intentionally to support BAL, let alone the credibility of BBS.

Big question is regardless whether you support BAL or not why you have such a negative thought about Bangladesh's growth? It looks like you cant tolerate good news about Bangladesh's economic prosperity? Are you indeed a Bangladeshi?

 

[Mage]

Big question is regardless whether you support BAL or not why you have such a negative thought about Bangladesh's growth? It looks like you cant tolerate good news about Bangladesh's economic prosperity? Are you indeed a Bangladeshi?

He's just sad that Khaleda Zia is in jail.

 

[Black_cats]

He's just sad that Khaleda Zia is in jail.

I dont think he is a BNP supporter. BNP supporters does not get sad with good news about Bangladesh. I believe he is the other kind.

 

[Mage]

I dont think he is a BNP supporter. BNP supporters does not get sad with good news about Bangladesh. I believe he is the other kind.

Jamaati master race?

 

[Black_cats]

Jamaati master race?

High possibility

 

[bluesky]

In 3 years BD will be the 2nd largest economy in south asia.

Why it is necessary to d*ck measuring. Let us see how the economy unfurls itself in the coming years,

 

[bluesky]

Let us see who is right. IMF tends to predict less than actual growth mostly for BD.
Before calling others stupid, look at yourself with the silly and incoherent crap you write all the time.
Yes, google what "incoherent" means as you have a poor grasp of English on an English forum.

Thank you for teaching me many English words and idioms, But the thing is most and many of the necessary ingredients are absent in BD economy. I believe, the gdp growth may stall at some point in the very near future. Please study the economic development history of many countries during the last century, many countries just flopped.

Can you just cite the ingredients n BD economy that can push the economy further? I find, no robust sector except textiles. So, please explain your expectations of future robust growth, why do you think so? You cannot grow a national economy just by wishing.

 

[Tanveer666]

Big question is regardless whether you support BAL or not why you have such a negative thought about Bangladesh's growth? It looks like you cant tolerate good news about Bangladesh's economic prosperity? Are you indeed a Bangladeshi?

There is growth, but the job creation has not increased proportionately; and the high number of unemployed people with tertiary degree is alarming (around 2-3 million)

 

[24 Hours]

Thank you for teaching me many English words and idioms, But the thing is most and many of the necessary ingredients are absent in BD economy. I believe, the gdp growth may stall at some point in the very near future. Please study the economic development history of many countries during the last century, many countries just flopped.

Can you just cite the ingredients n BD economy that can push the economy further? I find, no robust sector except textiles. So, please explain your expectations of future robust growth, why do you think so? You cannot grow a national economy just by wishing.

Samsung and and LG both announced they will open plants in BD to manufacture their products. These are two huge tech companies so It's a good sign.

 

[Tanveer666]

Thank you for teaching me many English words and idioms, But the thing is most and many of the necessary ingredients are absent in BD economy. I believe, the gdp growth may stall at some point in the very near future. Please study the economic development history of many countries during the last century, many countries just flopped.

Can you just cite the ingredients n BD economy that can push the economy further? I find, no robust sector except textiles. So, please explain your expectations of future robust growth, why do you think so? You cannot grow a national economy just by wishing.

Lets not be that pessimistic;

BD gov. is taking up some interesting and ambitious projects, lets hope those come into fruition.