GDP growth to reach 8.13pc, per capita income $1909 in FY19; expecting double digit growth in 3 year

[GumNaam]

in the mean time...

"gdp" figures can be so easily doctored and be misleading. but whatever rocks your boats!

 

[Khan_21]

In most of the HDI indexes Pakistan is behind than Bangladesh

In next couple of years Bangladesh will overtake Pakistan in terms of PPP

Happiness Report , Press Freedom , Social Support , Income , infrstructure , better universities etc etc. I can go on. There isnt much difference between India , PK and BD.

 

[Black_cats]

Happiness Report , Press Freedom , Social Support , Income , infrstructure , better universities etc etc. I can go on. There isnt much difference between India , PK and BD.

You are right there is not much difference as of now but the gap is becoming wider!!

Pakistan: HDI-.562
http://hdr.undp.org/en/countries/profiles/PAK

Bangladesh: HDI-.608
http://hdr.undp.org/en/countries/profiles/BGD

 

[Skies]

in the mean time...
View attachment 547969

"gdp" figures can be so easily doctored and be misleading. but whatever rocks your boats!

BD has serious unemployment issue, I think more that India. Need reliable survey on this.

Or you can check the number of job advartisements and their amount of salaries in the largest job site in BD (bdjobs.com).

Then you will see that the number of vacancies does not commensurate at all with the GDP growth by 160 m people.

 

[Kaniska]

In long run, If Pakistan continues with Imran Khan, they can be another South Korea of our region...If we go by the economic indicators, Pakistan in 1960-1980 is suppsed to be a developing nation at that time...Somehow, your generals lost the plot and war and other noncritical factors become a priority for Pakistan due to which they lost their way...

Anyway, let us wish for a good future for all countries in our region...

 

[Nilgiri]

BD has serious unemployment issue, I think more that India. Need reliable survey on this.

Or you can check the number of job advartisements and their amount of salaries in the largest job site in BD (bdjobs.com).

Then you will see that the number of vacancies does not commensurate at all with the GDP growth by 160 m people.

Its pretty nuts to begin with how much of BD economy is inflation based.

 

[American Pakistani]

high population growth rate is also eating away Pakistan's economic growth potential. Pakistan's population is growing by 2 percent every year, while other South Asian countries just by 1 percent and declining. Two percent population growth rate means, population double by every 35 years. High population growth means, too many dependent children to take care of by the income of a smaller share of economically active adult population. It severely lower the national capital accumulation and investment potential. One of the big factor on why East Asian economies so rapidly grown is because they rapidly lowered their population growth rate in 1960s and 1970s, pushed up their working age population, minimized their dependent population. This is also now happening in Bangladesh, India etc. Economists term this phenomenon as 'Demographic dividend'. This is a virtuous cycle which accelerate the economic growth.

Lower birth rate also means's more women freed up to join the economic activities. Pakistan need to seriously look at this matter. No country can hope to join high income countries unless they go through this demographic dividend phage(exception being the massively oil rich tiny Gulf countries). If Pakistan can lower it's fertility rate of current 3.5 children per woman to replacement level(2.1) within 10 years, then it will surely enters into 'Demographic dividend' phage soon.

Yup, high population growth is another ticking time bomb for Pakistan. And this is the most scariest one due to potential water shortage, partially due to indian water blockage and mostly due to lack of dams in Pakistan.

In long run, If Pakistan continues with Imran Khan, they can be another South Korea of our region...If we go by the economic indicators, Pakistan in 1960-1980 is suppsed to be a developing nation at that time...Somehow, your generals lost the plot and war and other noncritical factors become a priority for Pakistan due to which they lost their way...

Anyway, let us wish for a good future for all countries in our region...

Since 78 Pakistan is busy fighting wars. But it is incorrect to say that Pakistan itself brought those wars on itself. 78 to 91 was Soviet war, then heavy sanctions due to nuclear program and then WOT coupled with multiple skirmishes with India and Afghanistan.

 

[Skies]

Its pretty nuts to begin with how much of BD economy is inflation based.

@Nilgiri

Is it ok to have 3,428 job circulars (in the pic below) (most of them are lower grade jobs may be with 10k vacancies all together) for a country with 16m people with very high gdp growth.

USA has very slow GDP growth as it is already a very developed country, thus it has unemployment issue.

But why BD has very low number of vacancies with very fast GDP growth?

I need to see the number of vacancies as per population in fast growing countries.

 

[Black_cats]

@Nilgiri

Is it ok to have 3,428 job circulars (in the pic below) (most of them are lower grade jobs may be with 10k vacancies all together) for a country with 16m people with very high gdp growth.

USA has very slow GDP growth as it is already a very developed country, thus it has unemployment issue.

But why BD has very low number of vacancies with very fast GDP growth?

I need to see the number of vacancies as per population in fast growing countries.

View attachment 547972

Most recruitment happen internally and many big organiations do not post circulat at bdjobs. Plus informal sectors do not post at bdjobs.com.

Yes employment is a big issue and no one has denied it. However it is appreciable not try to misrepresent it.

 

[Nilgiri]

@Nilgiri

Is it ok to have 3,428 job circulars (in the pic below) (most of them are lower grade jobs may be with 10k vacancies all together) for a country with 16m people with very high gdp growth.

USA has very slow GDP growth as it is already a very developed country, thus it has unemployment issue.

But why BD has very low number of vacancies with very fast GDP growth?

I need to see the number of vacancies as per population in fast growing countries.

View attachment 547972

Well a full 28% of BD economy (from BBS own data) is basically inflation only since 2010:

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD?locations=BD

https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=BD

That is like between 1 out of every 3 to 4 taka that basically is not doing its job....w.r.t what the situation was in 2010.

At this early stage thats very bad. This has nothing to do with "rebasing" either since this is inflation on what the base already is right now.

 

[TopCat]

Well a full 28% of BD economy (from BBS own data) is basically inflation only since 2010:

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD?locations=BD

https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=BD

That is like between 1 out of every 3 to 4 taka that basically is not doing its job....w.r.t what the situation was in 2010.

At this early stage thats very bad. This has nothing to do with "rebasing" either since this is inflation on what the base already is right now.

It is not inflation based stupid... It just Taka maintains its relative strength against dollar.

 

[TopCat]

It is heartening to see the heart of growth machine is dominated by industrial growth rate which reached more than 13% this year. What will be the contribution of industry in the total GDP now. I hope it already reached more than 35% this year.

 

[CHACHA"G"]

lol at all BDs 56' chest members ……….
According to you , BD is way ahead of Pakistan and so called HDI and what not indictors show BD way ahead of Pakistan . Ok I agree , but why happiness index does not show that ???????? Why the reality on land wont appear in Happiness index ??? Why ???
Is this because all the so called progress in BD is only on the paper and only for the 1% of elite of BD? ?
This (happiness index) sounds like that ..

 

[Enigma SIG]

@Nilgiri

Is it ok to have 3,428 job circulars (in the pic below) (most of them are lower grade jobs may be with 10k vacancies all together) for a country with 16m people with very high gdp growth.

USA has very slow GDP growth as it is already a very developed country, thus it has unemployment issue.

But why BD has very low number of vacancies with very fast GDP growth?

I need to see the number of vacancies as per population in fast growing countries.

View attachment 547972

Biggest job site in BD isn't using an HTTPS certificate.

 

[Umar Nazir]

Pakistan per capita income is 1629 per year but remember as per world bank our 36% economy is undocumented .
so estimated per capita income of Pakistan is nearly 2500