Dollar to dollar Bangladesh economy is same as Melbourne City

[LA se Karachi]

Good to see you are continuing your usual support of India and Indian trolls like your boyfriends Nilgiri, Sakra and Loafer with a false Pakistani flag.

Seek help. It seems you cannot even follow a simple conversation. Loafer posted an article making it sound as if Bangladesh's economy (a country of 160 million+ people) is comparable to that of Melbourne, Australia (a city of 5 million people). Nilgiri was supporting Bangladesh here (and other developing countries). If you had even half a brain, you would understand that.

So yes, I'm "supporting" @Nilgiri because he posted something explaining why it makes no sense to make economic comparisons without adjusting for PPP. Because otherwise, you wind up with a nonsensical statement like Bangladesh's economy is smaller than a single city in Australia. If you believe that, you are insulting your own country. Bravo. Of course, I wouldn't put it past you to do something as nonsensical as that, given the dumb things you post from time to time.


As for the false-flagger nonsense, have a look through my posting history. We all know what that would show:
https://defence.pk/pdf/threads/a-yo...air-with-bollywood.481128/page-7#post-9268773
https://defence.pk/pdf/threads/indi...ign-defense-treaty.480375/page-5#post-9255144


But I do find it amusing that a descendant of traitors to Pakistan, who cost the lives of many brave Pakistani soldiers, is talking about who is Pakistani and who is not. I find that disgusting, and so would my family who risked their lives to come to Pakistan.

But perhaps it's good if you can convince everyone else here I'm an Indian, lol. I would probably start posting less polite things on this sub-forum if everyone believed I was an Indian. Unfortunately, it doesn't seem to be working so far.

 

[Homo Sapiens]

Wrong. Use PPP (actual physical consumption rather than BoP derived exchange rate) and several Indian states have a larger economy than BD, even though their populations are much lower.

No, no other indian state have larger economy than Bangladesh even in ppp dollar.Indian states gdp on ppp is hard to find,but we can calculate based on nominal gdp, as nominal gdp figure for Indian states are available.Indian ppp factor is around 3.9. Only Indian state other than Maharastra which have substantial economy to compare with BD is Tamil Nadu and Uttar Pradesh.
nomimal gdp of Tamil Nadu - 170 billion USD
and for Uttar Pradesh is -150 billion USD,
https://en.wikipedia.org/wiki/List_of_Indian_states_and_union_territories_by_GDP
if we multiply it by 3.9 than gdp ppp of them will be
Tamil Nadu-663 billion USD,
Uttar Pradesh-585 billion USD
Bangladesh's GDP PPP is 686 billion USD. (Undercounted)
So both nominal and ppp GDP, only Maharastra is ahead of BD.
https://www.imf.org/external/pubs/ft/weo/2016/02/weodata/weorept.aspx?pr.x=65&pr.y=5&sy=2017&ey=2017&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,534&s=NGDPD,NGDPDPC,PPPGDP,PPPPC&grp=0&a=

 

[Nilgiri]

No, no other indian state have larger economy than Bangladesh even in ppp dollar.Indian states gdp on ppp is hard to find,but we can calculate based on nominal gdp, as nominal gdp figure for Indian states are available.Indian ppp factor is around 3.9. Only Indian state other than Maharastra which have substantial economy to compare with BD is Tamil Nadu and Uttar Pradesh.
nomimal gdp of Tamil Nadu - 170 billion USD
and for Uttar Pradesh is -150 billion USD,
https://en.wikipedia.org/wiki/List_of_Indian_states_and_union_territories_by_GDP
if we multiply it by 3.9 than gdp ppp of them will be
Tamil Nadu-663 billion USD,
Uttar Pradesh-585 billion USD
Bangladesh's GDP PPP is 686 billion USD. (Undercounted)
So both nominal and ppp GDP, only Maharastra is ahead of BD.
https://www.imf.org/external/pubs/ft/weo/2016/02/weodata/weorept.aspx?pr.x=65&pr.y=5&sy=2017&ey=2017&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,534&s=NGDPD,NGDPDPC,PPPGDP,PPPPC&grp=0&a=

Yeah use different years and think we wont notice. 2017 IMF estimate for BD whoo.

What was the BD PPP for 2014 - 2015? (Time period for these states you are mentioning now)

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=57&pr.y=0&sy=2010&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513&s=NGDPD,PPPGDP&grp=0&a=

Oh right somewhere between 536 and 576 billion USD (lets call it an even 550 for convenience sake since BD has a really weird fiscal year). Both of which are oddly still estimates by IMF. Nominal was somewhere around 183 - 205 billion at this time.

And no PPP for BD is not undercounted. If anything its overcounted given the miserable amounts of basic raw materials and energy you consume....or maybe you truly do consume in reality to the exact pattern of the basket case type price level basket that ICP used....who knows.

So lets get back to what the Indian states you mention would be:

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?sy=2010&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=87&pr1.y=8&c=513,534&s=NGDP_R,PPPGDP,PPPEX&grp=0&a=

Implied PPP conversion rate for India between 2014 and 2015 is around 17.

This gives figures of:

MH = 22030/17 = 1.3 trillion USD PPP
TN = 11210/17 = 660 billion USD PPP
UP = 10420/17 = 613 billion USD PPP

Infact BD figure of 550 billion PPP USD at this moment represented around INR equivalent of 9350 billion (multiply by 17). Even Karnataka was pretty close to surpassing that too (INR 9080 billion). So 3 Indian states above...and almost 4.

It seems whichever idiot was editing wikipedia seems to have also forgotten that INR exchange rate with USD was definitely not 65.9 during 2014-15.

A pretty bad thing to do, but not as terrible as applying real growth rate to nominal projections.

 

[Homo Sapiens]

fact BD figure of 550 billion PPP USD at this moment represented around INR equivalent of 9350 billion (multiply by 17). Even Karnataka was pretty close to surpassing that too (INR 9080 billion).

Converting Bangladesh gdp in dollar term into Rupee directly? Why don't you convert BD gdp in Taka to Rupee? Bangladesh's gdp in 2016 was 19.61 trillion Taka.Taka rupee exchange rate 1 INR=1.2 BDT. So in rupee term BD's gdp is 16.34 trillion rupee which is bigger than both Tamil Nadu and Uttar Pradesh.
http://bdnews24.com/economy/2016/06...ion-bangladesh-budget-for-2016-17-fiscal-year

 

[zip]

Yeah use different years and think we wont notice. 2017 IMF estimate for BD whoo.

What was the BD PPP for 2014 - 2015? (Time period for these states you are mentioning now)

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=57&pr.y=0&sy=2010&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513&s=NGDPD,PPPGDP&grp=0&a=

Oh right somewhere between 536 and 576 billion USD (lets call it an even 550 for convenience sake since BD has a really weird fiscal year). Both of which are oddly still estimates by IMF. Nominal was somewhere around 183 - 205 billion at this time.

And no PPP for BD is not undercounted. If anything its overcounted given the miserable amounts of basic raw materials and energy you consume....or maybe you truly do consume in reality to the exact pattern of the basket case type price level basket that ICP used....who knows.

So lets get back to what the Indian states you mention would be:

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?sy=2010&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=87&pr1.y=8&c=513,534&s=NGDP_R,PPPGDP,PPPEX&grp=0&a=

Implied PPP conversion rate for India between 2014 and 2015 is around 17.

This gives figures of:

MH = 22030/17 = 1.3 trillion USD PPP
TN = 11210/17 = 660 billion USD PPP
UP = 10420/17 = 613 billion USD PPP

Infact BD figure of 550 billion PPP USD at this moment represented around INR equivalent of 9350 billion (multiply by 17). Even Karnataka was pretty close to surpassing that too (INR 9080 billion). So 3 Indian states above...and almost 4.

It seems whichever idiot was editing wikipedia seems to have also forgotten that INR exchange rate with USD was definitely not 65.9 during 2014-15.

A pretty bad thing to do, but not as terrible as applying real growth rate to nominal projections.

UP is the only one state with comparable population..

 

[rome333]

Walmart went to your country to produce $5 shirts yet you lot still don't have anything to wear. Picture of bangerdesh are like someaning out of NatGeo, no clothes, nothing.

No clothes to wear...... you must have mistaken Yourself and your pal @Loafer with somebody else!!!

 

[Nilgiri]

Converting Bangladesh gdp in dollar term into Rupee directly? Why don't you convert BD gdp in Taka to Rupee? Bangladesh's gdp in 2016 was 19.61 trillion Taka.Taka rupee exchange rate 1 INR=1.2 BDT. So in rupee term BD's gdp is 16.34 trillion rupee which is bigger than both Tamil Nadu and Uttar Pradesh.
http://bdnews24.com/economy/2016/06...ion-bangladesh-budget-for-2016-17-fiscal-year

If you use the correct time periods for everything. BD lists number 4 at best in Indian PPP state table.

I have already explained this in my previous post. BD certainly is not growing faster than any of them either, so BD stays at position 4...if Karnataka hasn't passed them yet.

GSDP data for Indian states for 2015-2016 is not out barring very few:

http://www.esopb.gov.in/static/PDF/GSDP/Statewise-Data/state wise data.pdf

http://niti.gov.in/state-statistics

When it is we can apply PPP conversion and prove what I said for further years.

Till then you keep rambling on about BD estimate in whatever year since 2014-15 like it somehow matters....especially given IMF lists even the 2014 and 2015 years for BD (be it in current taka, nominal usd or PPP) as estimates still (very strange - ,maybe they are wising up to BBS shenanigans like I have).

Overall Indian economy in 2014 was 13.7 times the size of BD in PPP terms

In 2017 it is estimated to be 14 times the size of BD in PPP terms.

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=34&pr.y=6&sy=2010&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,534&s=NGDP,NGDPD,PPPGDP,PPPEX&grp=0&a=

You really think there is much difficulty with that in mind for TN and UP to stay ahead of BD in total PPP size since 2014 (when I have already proven they were bigger then)?

 

[Homo Sapiens]

If you use the correct time periods for everything. BD lists number 4 at best in Indian PPP state table.

I have already explained this in my previous post. BD certainly is not growing faster than any of them either, so BD stays at position 4...if Karnataka hasn't passed them yet.

GSDP data for Indian states for 2015-2016 is not out barring very few:

http://www.esopb.gov.in/static/PDF/GSDP/Statewise-Data/state wise data.pdf

http://niti.gov.in/state-statistics

When it is we can apply PPP conversion and prove what I said for further years.

Till then you keep rambling on about BD estimate in whatever year since 2014-15 like it somehow matters....especially given IMF lists even the 2014 and 2015 years for BD (be it in current taka, nominal usd or PPP) as estimates still (very strange - ,maybe they are wising up to BBS shenanigans like I have).

Overall Indian economy in 2014 was 13.7 times the size of BD in PPP terms

In 2017 it is estimated to be 14 times the size of BD in PPP terms.

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=34&pr.y=6&sy=2010&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,534&s=NGDP,NGDPD,PPPGDP,PPPEX&grp=0&a=

You really think there is much difficulty with that in mind for TN and UP to stay ahead of BD in total PPP size since 2014 (when I have already proven they were bigger then)?

Show any concrete, direct gdp ppp figure for Indian states from any reliable source than this third party guesstimate or stick to only nominal gdp figure.If ppp gdp is so important than why Indian govt. don't bother to publish their states gdp in ppp term? If ppp was so important, than China would have achieved recognition of largest economy worldwide 3 years ago.But the world still consider USA as the largest economy.Nobody give any damn about Chinese ppp economy.Only you seems to hellbent on clinging on Indian ppp gdp for known reason.

 

[Vishvamitra]

No, no other indian state have larger economy than Bangladesh even in ppp dollar.Indian states gdp on ppp is hard to find,but we can calculate based on nominal gdp, as nominal gdp figure for Indian states are available.Indian ppp factor is around 3.9. Only Indian state other than Maharastra which have substantial economy to compare with BD is Tamil Nadu and Uttar Pradesh.
nomimal gdp of Tamil Nadu - 170 billion USD
and for Uttar Pradesh is -150 billion USD,
https://en.wikipedia.org/wiki/List_of_Indian_states_and_union_territories_by_GDP
if we multiply it by 3.9 than gdp ppp of them will be
Tamil Nadu-663 billion USD,
Uttar Pradesh-585 billion USD
Bangladesh's GDP PPP is 686 billion USD. (Undercounted)
So both nominal and ppp GDP, only Maharastra is ahead of BD.
https://www.imf.org/external/pubs/ft/weo/2016/02/weodata/weorept.aspx?pr.x=65&pr.y=5&sy=2017&ey=2017&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,534&s=NGDPD,NGDPDPC,PPPGDP,PPPPC&grp=0&a=

Apple with oranges.

Its like comparing China with Britain. Or India to US.

Beside Bimaru. All indian state have population less than 8,00,00,k and have percapita of 2500 to 3000 $.

While bangldeshs Population is 16,00,00k and per capita of 1200 $ half of Other Indian states.

 

[Nilgiri]

Show any concrete, direct gdp ppp figure for Indian states from any reliable source than this third party guesstimate or stick to only nominal gdp figure.

Says the guy posting wikipedia links

How is giving the official data:

http://www.esopb.gov.in/static/PDF/GSDP/Statewise-Data/state wise data.pdf

and using the data from the IMF for rupee/PPP converstion a third party guesstimate?

If ppp gdp is so important than why Indian govt. don't bother to publish their states gdp in ppp term?

Ok yet another BeeDee dullard that doesn't understand the ICP program or how it works (specifically who is in charge of the information chains, data analysis and official release).

No wonder this guy applied real growth rate to nominal figures. Stay Classy BD!

Why doesn't India publish states GDP (or even national economy) in US dollars? Does BD do that? Does any country other than the US itself?

If ppp was so important, than China would have achieved recognition of largest economy worldwide 3 years ago.

And they did:

http://www.bbc.com/news/magazine-30483762

But the world still consider USA as the largest economy.

"Largest economy" tag is a nuanced one that combines many factors, not just GDP (bit it nominal or PPP). When there is overlap like there is now because of China's transition, various other factors remain at play.

The fact the major world currency by far is still the US dollar...generally tips the largest economy tag to the US....given its that exchange rate that is used for nominal calculation in the first place. Thus nominal definitely counts for a lot in economic power projection among larger economies (given the US dollar dominance).

This has absolutely next to no relevance to BD. It is a puny, insulated and food-dependent consumption economy with barely any say in world matters of finance and next to 0 power projection (it barely invests 40 million USD outside its borders each year). PPP was specifically made to help measure such countries actual physical consumption better.

But hey if you want to believe all of Bangladesh essentially consumes what one australian city does. Be my guest. If you think the terms of world trade apply to BD's internal economy....you are free to believe so just like all you do about 1971.

But that's you painting a terrible impression of BD, not me. I certainly do not equate physical consumption with nominal GDP levels for India....nor do I imply global terms of trade are equivalent to those found inside India's domestic economy. From my analysis of Indian company growth, improving integration with diverse global supply chains...I have a fair idea when this will happen for India like it has done so for China to a large degree already. But for Bangladesh, nothing can be ascertained....just try looking for the oft-mentioned "great BD success story" Walton's financial data and you'll know what I mean.

RMG (and remittances) being a one trick pony essentially leads to nominal USD looking in better shape than PPP. Problem for BD is that means next to nothing, given the state of the consumption profile of BD compared to the US economy (where the US dollar originates). What looks better does not mean its the most accurate. Comparing yourself using the argument for way more globalised countries like the US and China is really almost as bad as when you used real growth for nominal figures.

 

[Homo Sapiens]

Apple with oranges.

Its like comparing China with Britain. Or India to US.

Beside Bimaru. All indian state have population less than 8,00,00,k and have percapita of 2500 to 3000 $.

While bangldeshs Population is 16,00,00k and per capita of 1200 $ half of Other Indian states.

BIMARUs are the big boy.They dominate smaller but rich boy like Tamil Nadu,Kerala,Goa in number.That's why you have to stick to the average Indian boy.Average Indian boy have 1900 dollar while average Bangladeshi boy have 1500 dollar. But truth is, as Indian are very diverse with significant regional disparity,so two-third of Indian boy have actually less dollar than Bangladeshi boy.

 

[zip]

BIMARUs are the big boy.They dominate smaller but rich boy like Tamil Nadu,Kerala,Goa in number.That's why you have to stick to the average Indian boy.Average Indian boy have 1900 dollar while average Bangladeshi boy have 1500 dollar. But truth is, as Indian are very diverse with significant regional disparity,so two-third of Indian boy have actually less dollar than Bangladeshi boy.

And in Bangladesh nobody earns more than 1500$ per year.. Right???

 

[Nilgiri]

Average Indian boy have 1900 dollar while average Bangladeshi boy have 1500 dollar.

Average Indian consumes double the average Bangladeshi

Double and growing. Look at any basic good or service and you will quickly see why.

 

[bluesky]

If Melbourne was a nation, it would have an economy the same size as that of Bangladesh – a country of 156 (175) million people.

http://www.theage.com.au/victoria/d...-is-as-big-as-bangladesh-20170305-gur876.html

Indians can be very irrational. Why to do analogy? BD remains a poor country, but has been implementing quite a number of civil construction projects that will raise its total output of wealth (GDP) in the future. BD economy will grow to a healthy $255 billion next year, but the Melbourne's will remain almost same as this year. BD economy will go above the Sydney economy within a few years.

 

[Homo Sapiens]

Average Indian consumes double the average Bangladeshi

Double and growing. Look at any basic good or service and you will quickly see why.

Only thing double is weed consumption.

CPI calculation for Bangladesh is flawed.I have shown earlier in another thread some months ago,price of basic necessity like food,clothing,housing are cheaper in BD than India.Basic food item(35-40 percent family budget in South Asia) are slightly cheaper in Bangladesh than India,so are cloths(cheap RMG producer) and housing, education expense,transport(more public transport usage in BD than India). Only thing expansive in BD than India are some luxury item like car,wine etc. which take a prominent places in cost of living calculation internationally.So there is no excuse,why BD's ppp dollar will be 31 taka while for India only 18 rupee.In reality 18 rupee equals to only 21 taka.So there is a serious flaw in CPI calculation of Bangladesh, may be related to LDC grouping.