Dollar to dollar Bangladesh economy is same as Melbourne City

[Nabil365]

What do you expect from an LDC?? Some villages in India have more cars than the whole of dhaka.

Yes that village is called Mumbai.

 

[Nilgiri]

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.

ICP doesn't take BD CPI (esp application) verbatim. This is why I have asked all of you to read the ICP papers and methodology again and again, and not one of you actually does it. They do their own price level survey (esp for key goods) and basket construction from further surveying (at quite a detailed level).

Why do you think BD consumption of goods and services (steel, cement, energy, transport) with huge multiplier effect is pathetically low per capita (I'm talking just as basic as kg/capita, km/capita etc)? Answer: dominance of food in your consumption basket.

Price levels are half the story, the other half is price basket.

BD average household expenditure on food is nearly 54%.....46% left for non food.

For India it is around 31%, Pakistan around 35%. World average is around 30% (70% left for non food).

http://foodsecurityindex.eiu.com/Country/Details#Bangladesh

http://foodsecurityindex.eiu.com/Country/Details#India

http://foodsecurityindex.eiu.com/Country/Details#Pakistan

With huge sensitivity and price elasticity of final physical consumption on every percentage point, it should be surprising to no one that BD basket is essentially going to be very different to that of Pakistan, India....forget China and the US....and that leads to a massively diminished final PPP figure given food products simply are not worth the same as non-food products overall.

You aren't even past the 50% mark in non-food consumption and you are crying about price levels being rigged. Fix your basket (consumption patterns) and then come crying about the PPP if it hasn't changed.

Have you seriously looked into how much steel BD uses per person? How much cement? How much oil? How much electricity? How much trains, buses, cars, trucks? These are fundamentally needed for further economic activity, they are the basic means of production past having food to eat.

If you think an economic model that has just farming and RMG with nothing else will be sustainable because of nominal GDP trends over last few years (and all other trends that dont reflect that one are fake), go right ahead. No one outside BD will agree with that....if they even care in the first place about it. You make your bed, you can sleep in it.

Quit your whining and consume more (past basic food) rather than saying its all a price level conspiracy. It isn't. You obviously are in denial about how the average BD people live their lives, and are angry that the PPP figure exposes the reality. Put in a sock in it if you aren't going to read the ICP papers while parroting the same old thing again and again. Capiche?

It doesn't matter what the small price level difference of "public transport" is in BD compared to India... if magnitudes more use it (i.e average consumption basket %) in India. Same goes for absolutely everything else.

 

[Michael Corleone]

What do you expect from an LDC?? Some villages in India have more cars than the whole of dhaka.

When marauti and Tata nano are some of the cheapest cars in the world. I am not surprised

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.

BD would also have a much higher PPP than melbourne as well. Direct exchange rates are poor measure for a developing country's economy....esp one with large underground (non-formal) economy which are often captured somewhat in PPP at least.

Then the whole of this thread is irrelevant and the sting operston your friend loafer is conducting failed with what you have to say about it.

 

[Surya 1]

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

Partly true. Subcontinent currencies are highly undervalued. Actual economy size is much bigger.

 

[Nilgiri]

Then the whole of this thread is irrelevant and the sting operston your friend loafer is conducting failed with what you have to say about it.

Look if you want to have a genuine conversation past whatever you perceive the OP doing, then I am all ears.

Why dont you look at the level of troll threads and trolling in general in this subforum. How is this one any different? At least maybe someone learned a thing or two about PPP vs nominal hopefully. So you have an argument to use in RL if someone shoves this piece of news in your face to belittle BD. I don't hold much hope for this subforum's long term quality....just like i dont hold much hope for a beer as it warms up.

 

[Flynn Swagmire]

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

Ever heard about California mr Indian?

 

[H!TchHiker]

Interesting comparison...

 

[Michael Corleone]

Look if you want to have a genuine conversation past whatever you perceive the OP doing, then I am all ears.

Why dont you look at the level of troll threads and trolling in general in this subforum. How is this one any different? At least maybe someone learned a thing or two about PPP vs nominal hopefully. So you have an argument to use in RL if someone shoves this piece of news in your face to belittle BD. I don't hold much hope for this subforum's long term quality....just like i dont hold much hope for a beer as it warms up.

you like your beer cold? personally i dont mind a warm beer... a beer is a beer xD

 

[Loafer]

Dollar to dollar Tokyo GDP is same as India..
These 1.4 billion Indian should die now.
@Loafer @Nilgiri

Can you show some figures?

 

[TopCat]

Can you show some figures?

Go and look for yourself. You found Melbourne, I am sure you can find Tokyo too..

 

[Loafer]

Go and look for yourself. You found Melbourne, I am sure you can find Tokyo too..

You said no Tokyo you have to support it otherwise it's just another lie.

 

[bluesky]

You said no Tokyo you have to support it otherwise it's just another lie.

Shame on India and Sudra Indians. Even a single Tokyo City GDP is almost equal to superpower India's GDP. You guys still are lower than Sub-Sahara Africa. You should be ashamed of your attitude of bullying other countries when 35% or more of you Sudra people live below poverty line. What a shit these Indians are!!!

1. TOKYO, JAPAN (GDP: $1,520 BILLION)

Tokyo has been ranked as the wealthiest cities in the world by GDP and the world’s largest metropolitan economy. Due to its booming economy, this city extremely contributes to the world’s economy. Tokyo is a major international finance hub which caters several of the largest investment banks and insurance companies in the world.

Tokyo is also the center for Japan’s transportation, publishing, electronics and broadcasting industries. Although the country experienced natural calamities which left massive damages, the country was able to rebuild and outgrew into the most developed cities in the world. Tokyo is ahead with the electronics, telecommunications, and publishing industries

 

[TopCat]

Shame on India and Sudra Indians. Even a single Tokyo City GDP is almost equal to superpower India's GDP. You guys still are lower than Sub-Sahara Africa. You should be ashamed of your attitude of bullying other countries when 35% or more of you Sudra people live below poverty line. What a shit these Indians are!!!

1. TOKYO, JAPAN (GDP: $1,520 BILLION)

Tokyo has been ranked as the wealthiest cities in the world by GDP and the world’s largest metropolitan economy. Due to its booming economy, this city extremely contributes to the world’s economy. Tokyo is a major international finance hub which caters several of the largest investment banks and insurance companies in the world.

Tokyo is also the center for Japan’s transportation, publishing, electronics and broadcasting industries. Although the country experienced natural calamities which left massive damages, the country was able to rebuild and outgrew into the most developed cities in the world. Tokyo is ahead with the electronics, telecommunications, and publishing industries

Tokyo large metro gdp is 2 trillion in 2008

 

[Nilgiri]

you like your beer cold? personally i dont mind a warm beer... a beer is a beer xD

Warm beer is pretty gross for me lulz. That's a very british thing....warm beer. You will fit right in there hehe.

@Blue Marlin @Vergennes

 

[Vergennes]

Warm beer is pretty gross for me lulz. That's a very british thing....warm beer. You will fit right in there hehe.

@Blue Marlin @Vergennes

Bee... what ?
Je don't know.
You know,I am more like into that grape juice.