No its not haha. Nowhere near the amount of quality investment or solid diversification into actual manufacturing...even at their early levels. Forget even the basic statistical +banking +bureaucrat aptitude difference for time being.
What can they really do? It's a threshold GDDS country, no consistent quality data on the fundamentals are produced. Onus is on BD to change that (and qualify as better* GDDS and then SDDS).
*ability to appear on The Economist's weekly appendix being one measure of this
The curve fitting it affords is why Harvard projects your base growth as low as 4%, WB around 6% and BBS launders its inflation to try push the BAL groupthink propaganda at whatever number is most apt for the feelz (7, 8 or 9% or whatever fits the narrative within buffer of no-care by everyone else). IMF simply takes a feelz average in return and watches for when you actually become a credible country so it can care more about it:
https://defence.pk/pdf/threads/wb-doubts-7-65pc-gdp-growth-estimate.552983/#post-10403712
There is now a growing and growing reason why BD is so slow/reluctant in changing its base year (because of the big deflationary multiplier that will decrease the level in crucial parts of the "growth" sectors, similar to why Pakistan also postponed the exercise many years back when certain industries showed shrinking/stagnancy that was projected otherwise), combined with continuing to do zilch on its banking sector (that really a lot of the SDDS quality input would otherwise come from).
Examples:
2016:
http://www.daily-sun.com/post/158821/Economy-to-look-good-in-the-new-GDP-base-year-count
But the BBS officials are not confident about availability of credible data especially household information for this immediate past fiscal and preferred another ‘stable’ period of 2010-11 as new base year.
When asked about concern on credible data, World Bank’s lead economist at Dhaka, Zahid Hussain said, ‘New statistics of household income and expenditure is being gathered now and will take time finalize.’ The government should collect data as much as possible from different sources before revising the base year to calculate GDP, he added.
Today's reality dawning on some:
https://opinion.bdnews24.com/2017/12/18/where-did-the-benefits-of-economic-growth-disappear/
There is some disquiet among economists about the quality of data provided by Bangladesh Bureau of Statistics (BBS). No less a person than the Economic Adviser to the Prime Minister has expressed his dissatisfaction about the qualifications of the BBS staff and the quality of their work. These are very long standing problems, and yet, very little has been done to improve the quality of the services provided by BBS.
Household income: behind the rosy facade
In stark contrast, according to HIES2016, each person at the household level actually received an income (household income divided by household size) that was 2 percent less than what they had received in 2010 and the real spending for consumption of each decreased by about 1 percent.
The changes in per capita income and consumption that can be gleaned from the national accounts data are thus opposite to the information provided by HIES2016. The differences between the HIES and the national accounts data are rather too large to be ignored as statistical errors or due to different methods of calculation.
Note that there was no large discrepancy for the period 2005 to 2010. The HIES2016 data clearly indicates that the household sector comprising the entire population has missed out entirely on the growth dividend of the period 2010 to 2016 that should have normally been accrued to them. The share of government revenue in national income also did not increase during this period.
Where did the benefits of economic growth disappear? The Planning Ministry (which oversees BBS) owes an explanation to the nation about the sources of this anomalous finding.
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So yeah just like the doyal guy is now royally crushed from his earlier bold feelz prediction that ICP will give a big ole PPP multiplier upgrade to BD by now....similar thing will happen in following years regarding this BAL-miracle complex of "massive base update" etc etc that you and others push blindly for the feelz.....already on shaky foundation of GDDS that is not going to really change either. Because you don't want a GDP level shrink (esp in key parts of the BBS growth projectioneering), not without doing even further damage to what that will do to such things as the denominators used to handle debt and investment trends. Just keep the delusion buffer for your internal consumption as much as you can afford to, its fine. Getting to an actual world reference standard and doing the difficult reforms (both tied to each other) seems to not be your thing.
@Joe Shearer @Gibbs @Ashes @bluesky @Mage
