Budget deficit financing: Country turns again to IMF after a decade

[UKBengali]

They have sky high inflation as well which eats up purchasing power a lot, currency value +- of 1% or 2% won’t make a difference but 100% depreciation in a year is not a joke. Spain!s per capita GDP is more than 4 times Turkey.

Dude all that matters is per capita ppp income and technological level.

Inflation and currency devaluation is a temporary problem and it will correct itself soon. They were at 10% inflation a year ago.
Italy had similar issues before joining the Euro and no-one said they were no longer a developed country.

You are obviously out of your depth here it seems.

Please do not reply till you have spent some time researching this topic.

 

[Black Tornado]

Dude all that matters is per capita pppincome and technological level.

Inflation is a temporary problem and it will correct itself soon. They were at 10% a year ago.

You are obviously out of your depth here it seems.

Please do not reply till you have spent some time researching this topic.

Even if inflation is removed they’re still $8k pcgdp. To be developed you need to be around $12k+ to be developed.

 

[SMX 3.0]

All of those North African countries are developed compared to road shitting India.

Is that the argument, river-shitter? Prove that they are developed countries or shut up.

Turkey has living standards on par with Spain now but much more technology

Ofc, spain has just 5X more patents granted at USPTO.

Utility Patent Applications By Country of Origin, Calendar Years 1965 to Present

www.uspto.gov

 

[Homo Sapiens]

Even if inflation is removed they’re still $8k pcgdp. To be developed you need to be around $12k+ to be developed.
View attachment 858868

How come Turkey with $35k per capita GDP PPP is a developing country while Greece with $34k is developed? Portugal $39k, Slovakia $38k GDP PPP per capita shadded with developed country color also similar to Turkey. Categorizing country's development with nominal GDP per capita make little sense. If Indian Rupee suddenly lost it's 50 percent value against US Dollar, does not mean Indians will become half as rich suddenly. If US dollar become 160 per Indian Rupee within a year, will it's agricultural output, industrial output, service output will become half as it's nominal GDP will become half?

When so many other development indicators use PPP dollar as bench mark then why World Bank still use misleading nominal Dollar for development categories? Even poverty calculation by World Bank is done in PPP dollar. When living costs taken into consideration, there is a little difference of living standard among Spain, Turkey, Portugal or Greece. Only difference is the currency strength. Iran artificially manipulated it's currency exchange rate which made it's nominal GDP as large as Australia or Spain. Iran's nominal GDP used to be around 400 billion Dollar 2 years ago, now it is more than 1.7 trillion Dollar! Does that mean, Iran suddenly became a much richer country that it really is? perhaps Iran should farther manipulate it's currency exchange rate to enters into Developed country category by World Bank? It's so easy.

When did Iran become the largest Economy amongst Muslim nations? (Nominal wise)

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) Iran grew nearly 100% from 2020 to 2022 to a GDP nominal output of 1,739,012 (in millions) making it the 14th largest economy in the world, just below Australia. This also makes it the largest economy amongst Muslim nations...

defence.pk

This is why I think, World Bank should abandon it's old Euro-American elitist mindset and realistically categorize countries based on GDP PPP per capita. They are reluctant of recognizing many countries with high GDP PPP per capita as a peer, that's why they are still clinging to the nominal GDP to differentiate between old rich West and newly developed countries.

 

[PadmaBridge]

Is that the argument, river-shitter? Prove that they are developed countries or shut up.



Ofc, spain has just 5X more patents granted at USPTO.

Utility Patent Applications By Country of Origin, Calendar Years 1965 to Present

www.uspto.gov

Stupid piss drinking road shitter thinks Turkey and Malaysia are developing countries lol

Also thinks China is a developing country!

What an idiot!

 

[mmr]

Is that the argument, river-shitter? Prove that they are developed countries or shut up.



Ofc, spain has just 5X more patents granted at USPTO.

Utility Patent Applications By Country of Origin, Calendar Years 1965 to Present

www.uspto.gov

Hey any data on bd patent filling? Was trying to look in to the latest version.

I remember bd used to have pathetic record like 5 in a year...not sure if it improved now.

 

[SMX 3.0]

Stupid piss drinking road shitter thinks Turkey and Malaysia are developing countries lol

Also thinks China is a developing country!

What an idiot!

Post data & arguments to support your claim, river-shitter. They are not developed countries by any definition.

No one cares about the definitions "invented" by a bunch of RMG stitchers who probably has the shittiest statistical bureau in the whole world.

 

[SMX 3.0]

Hey any data on bd patent filling? Was trying to look in to the latest version.

I remember bd used to have pathetic record like 5 in a year...not sure if it improved now.

It was 5 in 2015 at USPTO.

40 patent applications in 2020 at national patent office, no details about patents granted.

World Bank Open Data

Free and open access to global development data

data.worldbank.org

 

[mmr]

It was 5 in 2015 at USPTO.

40 patent applications in 2020 at national patent office, no details about patents granted.

World Bank Open Data

Free and open access to global development data

data.worldbank.org

Thats barely any improvement.

40 patents for a country of 170 million ppl. Then u have dumbos here claim bd dont need knowledge transfer and fdi to diversify the economy. South Korean filled over 180k and ppl claim underwear super power bd on its way to be next south korea cause of that Walton.

 

[PadmaBridge]

Post data & arguments to support your claim, river-shitter. They are not developed countries by any definition.

No one cares about the definitions "invented" by a bunch of RMG stitchers who probably has the shittiest statistical bureau in the whole world.

Stop drinking piss!
And stop shitting on roads!

Embrace love jihad.

Only way to escape the wretched caste system!

Now bugger off!

 

[SMX 3.0]

Stop drinking piss!
And stop shitting on roads!

Embrace love jihad.

Only way to escape the wretched caste system!

Now bugger off!

Stop drinking literally sewage & get a job much better than stitching underwear.

And stop scaling border walls. You'll get shot & get hung from that border fence.

Eff off, low IQ swamp dweller.

 

[PadmaBridge]

Stop drinking literally sewage & get a job much better than stitching underwear.

And stop scaling border walls. You'll get shot & get hung from that border fence.

Eff off, low IQ swamp dweller.

20+ million Hindus in Bangladesh would beg to differ!

Despite NRC/CAA still in Bangladesh!

Indian street shitters are jealous of the 20 million Hindu Bangladeshis!

If Bangladesh is good enough for 20+ millions Hindus - it’s good enough for 130 million Muslims.

 

[Pukhtoon]

Now, you will be begging BD to allow your freight trains to run over the Padma Bridge that we built with our own money.

What's the deal about this Phoosima bridge you first worlders keep harping on about?

 

[SMX 3.0]

20+ million Hindus in Bangladesh would beg to differ!

Despite NRC/CAA still in Bangladesh!

Indian street shitters are jealous of the 20 million Hindu Bangladeshis!

If Bangladesh is good enough for 20+ millions Hindus - it’s good enough for 130 million Muslims.

Then why is your population scaling border fences & getting shot, sewage drinker?

You still cry about this one, don't you?

Border shooting of Felani Khatun - Wikipedia

en.m.wikipedia.org

 

[Black Tornado]

How come Turkey with $35k per capita GDP PPP is a developing country while Greece with $34k is developed? Portugal $39k, Slovakia $38k GDP PPP per capita shadded with developed country color also similar to Turkey. Categorizing country's development with nominal GDP per capita make little sense. If Indian Rupee suddenly lost it's 50 percent value against US Dollar, does not mean Indians will become half as rich suddenly. If US dollar become 160 per Indian Rupee within a year, will it's agricultural output, industrial output, service output will become half as it's nominal GDP will become half?

I agree that economies should be measured in PPP but you can’t calculate exact PPP GDP because it’s just proportional to nominal GDP. The only thing I found online is nominal GDP per capita is used to classify someone as a developed economy.