What's new

Burma and North East India theater

Christ. I am not talking about CPI. When a country uses a GDP base year, it chooses a representative basket of things it produces and consumes ad the price level. This is not the same as CPI. What all of you were shouting about regarding the 1995 base is that the things BD produced then are not the same as what it is producing now so it should change is GDP base to the price level of 2005 things. THIS HAS NOTHING TO DO WITH WHAT IS COUNTED IN GDP. If Bangladesh made a fusion reactor in 2011, it would not be overlooked in GDP calculations just because there was no fusion reactor in 1995. DO YOU UNDERSTAND? That's why going back to the IMF figures, nominal GDP HAS NOTHING TO DO WITH THE 1995 BASE YEAR.

In reality, statisticians measure GDP by using a bunch of representative industries rather than trying to count every single transaction made (which is impossible). I think this is what you're confused about and what you think GDP base year means. THIS IS NOT WHAT BASE YEAR MEANS. Do you understand now?

It is overlooked that is what we are shouting about.

For instance Priavte banks are overlooked as we did not have private banks in 1995.
Private hospitals are overlooked as we did not have private hospitals in 1995
Private University overlooked as we did not have private university back in 1995.

The lists go on.

Not needed.

You saved my day...
 
It is overlooked that is what we are shouting about.

For instance Priavte banks are overlooked as we did not have private banks in 1995.
Private hospitals are overlooked as we did not have private hospitals in 1995
Private University overlooked as we did not have private university back in 1995.

The lists go on.

Well, it should not be overlooked when measuring nominal GDP as that is irrelevant to the 1995 base year. Do you understand now?
 
Well, it should not be overlooked when measuring nominal GDP as that is irrelevant to the 1995 base year. Do you understand now?

hahahah, how you can calculate it when our Statistical Department do not have a column for it.

Most countries including India have same base year for GDP, Industrial Output Index and Consumer Price Index. So most people get confused with the base year means all comes in one package but its not.

As far as I remember BD base year for CPI is 2004-05 and GDP 95/96 as they could not update due to political instability.
 
hahahah, how you can calculate it when our Statistical Department do not have a column for it.

That has nothing to do with the base year you idiot. If that is true, then it is an oversight on the behalf of the BD statistics department; nothing to do with base year. Thankfully, the IMF have a legion of statisticians to carry out this work aswell. That's why they published the BD numbers as $648 for 2011 at current prices i.e. nominal. Now, I wouldn't want to give you a breakdown by including PPP in this either.
 
That has nothing to do with the base year you idiot. If that is true, then it is an oversight on the behalf of the BD statistics department; nothing to do with base year. Thankfully, the IMF have a legion of statisticians to carry out this work aswell. That's why they published the BD numbers as $648 for 2011 at current prices i.e. nominal. Now, I wouldn't want to give you a breakdown by including PPP in this either.

You idiot, IMF post the data they get from our statistical department. IMF does not invent data. in 2011 $648 was declared by GOB not IMF. IMF mention the data from GOB source.
 
That has nothing to do with the base year you idiot. If that is true, then it is an oversight on the behalf of the BD statistics department; nothing to do with base year. Thankfully, the IMF have a legion of statisticians to carry out this work aswell. That's why they published the BD numbers as $648 for 2011 at current prices i.e. nominal. Now, I wouldn't want to give you a breakdown by including PPP in this either.

Just giving you a heads up, every statistical data that comes out of bangladesh according to Bangladeshis is under stated and wrong. Cause apparently thats how incompetent these people are.

So their logic will go, IMF takes data from Bangladesh government, since we are an incompetent bunch the data we give to IMF will be under stated and wrong, and therefore Bangladesh GDP per cap is higher than that of Myanmar.
 
You idiot, IMF post the data they get from our statistical department. IMF does not invent data. in 2011 $648 was declared by GOB not IMF. IMF mention the data from GOB source.

Go to this link. Do you see the bit which says "Shaded cells indicate IMF staff estimates"
Report for Selected Countries and Subjects

Just giving you a heads up, every statistical data that comes out of bangladesh is under stated, cause apparently thats how incompetent these people are.

I have no doubt. I'm just trying to clarify how nominal GDP has nothing to do with the 1995 base rate. It's a rather simple point I think but doesn't seem to be comprehensible to Bangladeshis.
 
Go to this link. Do you see the bit which says "Shaded cells indicate IMF staff estimates"
Report for Selected Countries and Subjects



I have no doubt. I'm just trying to clarify how nominal GDP has nothing to do with the 1995 base rate. It's a rather simple point I think but doesn't seem to be comprehensible to Bangladeshis.

Surprisingly IMG staff estimate is same as GOB estimate... what is your point?
 
Just giving you a heads up, every statistical data that comes out of bangladesh according to Bangladeshis is under stated and wrong. Cause apparently thats how incompetent these people are.

So their logic will go, IMF takes data from Bangladesh government, since we are an incompetent bunch the data we give to IMF will be under stated and wrong, and therefore Bangladesh GDP per cap is higher than that of Myanmar.

The following should help. Instead of trolling, a bit reading may help..
New base year from FY12 for GDP counting


The Gross Domestic Product (GDP) of the current fiscal year 2011-12 would be calculated benchmarking 2005-06 as the new base year. The Bangladesh Bureau of Statistics (BBS) is doing necessary works in this regard.

Taking to daily sun, Statistics Division Secretary Riti Ibrahim said the GDP base year would be upgraded to 2005-06, and the necessary works were going on in this regard.

The statistic division is upgrading the GDP base year as massive structural change has taken place in the country's economy in last 15 years.

A consultant of International Monetary Fund (IMF) has already met the concerned Statistics Division officials in January. Dr AC Kulshrestha, the IMF expert, trained the BBS officials and put forward some recommendations before the statistics division in this regard. The IMF consultant will sit with the BBS officials again soon to complete the necessary work, said an official.

Updating the base year through revising the GDP estimation has become essential for various reasons including newer economic activities, progressive expansion and downsizing of various industries and economic sectors over the years. Changes in relative prices of commodities also require revision to correctly mirror the real growth.

At present, the GDP is estimated by benchmarking 1995-96 fiscal as the base year, sources said. Meanwhile, different sub sectors under 15 fixed sectors which are main indicators of GDP counting are being reshuffled as there is no option to change the fixed sectors.

BBS sources said 15 sectors were identified as per the system of national account (SNA), 1993 for counting the GDP that was also approved by the United Nation. It is also an international benchmark. Bangladesh started GDP counting since 1988-89.

The fifteen sectors include agriculture and forestry, fisheries, mineral resources, industry, power, gas and water resources, construction, whole and retail sales, hotel and restaurant, transport, communi-cations, economic institutions, real estate, rented and other business, public administration and defense, education, health and social service, and community, social and personal services.



BBS sources said these 15 sectors are unchangeable. In a revised base year, Knitwear, woven, button and washing factory will be defined separately in the industry sectors.

Similarly, private universities, coaching centre and English medium schools were also included in the education sectors. More than 50 private universities were established in the country last decade that contribute to the GDP.

Economic institution service including bank, insurance and non banking sectors was considered as government institutions. But, the private bank, economic institution and insurance will be included to count their contribution as thousand of people are employed in those organisations.

Service sector bas also received massive changes over the period. Mobile phones, courier service, private television and package programme are boosting in terms of business. Huge numbers of people are involved in those services. Whenever the GDP base year was formulated, those areas did not exist or existed in limited scale.

The heath-service sector has also flourished which includes private hospital, clinic and diagnostic centre and a huge number of doctors, nurses as well as non-medical people are employed in the sub-sector. Their contribution to the GDP will be counted in the new system.

Production of agricultural crops particularly vegetables and other minor crops recorded rapid growth while new crops were also developed.



Similarly increased the contribution of poultry, livestock, fisheries, fish fry helping to diversify sources of agricultural growth.

Construction industry is also booming following the massive urbanisation and commercialisation. Information and communication sector is also expanding is also expanding at a phenomenal rate.

daily sun | Business | New base year from FY12 for GDP counting
 
Well iajduni you need to read up a bit as well, the article says that various industries will be reshuffled, ie, a particular industry will be placed from a sector to a different sector, nowhere does it says that these industries haven't been counted while counting gdp.

It also says changing base year will help to recalculate real gdp growth, which is unrelated with all these reshuffling.

Try to use your brain for a change.
 
Well iajduni you need to read up a bit as well, the article says that various industries will be reshuffled, ie, a particular industry will be placed from a sector to a different sector, nowhere does it says that these industries haven't been counted while counting gdp.

It also says changing base year will help to recalculate real gdp growth, which is unrelated with all these reshuffling.

Try to use your brain for a change.

Read properly.. Now I cant teach English now..

Similarly, private universities, coaching centre and English medium schools were also included in the education sectors. More than 50 private universities were established in the country last decade that contribute to the GDP.

Economic institution service including bank, insurance and non banking sectors was considered as government institutions. But, the private bank, economic institution and insurance will be included to count their contribution as thousand of people are employed in those organisations.

Service sector bas also received massive changes over the period. Mobile phones, courier service, private television and package programme are boosting in terms of business. Huge numbers of people are involved in those services. Whenever the GDP base year was formulated, those areas did not exist or existed in limited scale.

The heath-service sector has also flourished which includes private hospital, clinic and diagnostic centre and a huge number of doctors, nurses as well as non-medical people are employed in the sub-sector. Their contribution to the GDP will be counted in the new system.

Production of agricultural crops particularly vegetables and other minor crops recorded rapid growth while new crops were also developed.


Source: http://www.defence.pk/forums/bangla...orth-east-india-theater-21.html#ixzz1z04iwRI8
 
When the does the new figures come out any ways? Should be a month or two max.

Its pointless to argue over this till then. I hope Bangladesh's rebased GDP per capita is over $9000 dollars :lol:
 
It will not be. As Rawami indian dalal stooges will not want to offend their master country- so they will still under report the figures... :D

When the does the new figures come out any ways? Should be a month or two max.

Its pointless to argue over this till then. I hope Bangladesh's rebased GDP per capita is over $9000 dollars :lol:
 
The following should help. Instead of trolling, a bit reading may help..

It is a good reference to outbit all those Burmese Ghorials and Indian snakes who are so jealous of us. Why do these poor people get so nerveous about our rising GDP?
 
Back
Top Bottom