Pakistan-Bangladesh trade volume to soon touch $1bn: envoy

[bluesky]

I specifically mentioned that it is in nominal terms. That includes inflation. What is Bangladesh's nominal GDP growth this year?

Please study the method to calculate the GDP figures both nominal and with inflation. Inflation-added GDP figures are just meaningless. People should rather go for PPP figures because BD Taka has been kept high to look good by outsiders in terms of dollars.

In any case, if you do not understand the relationship between capital investment and output at that, you will keep on believing all those fictitious BBS figures that have been derived only to feel good.

Please come to BD and see what the real GDP growth is there. You can also see that there is almost no job creation and BD people going even to African countries to earn a living.

 

[Wood]

Please study the method to calculate the GDP figures both nominal and with inflation. Inflation-added GDP figures are just meaningless. People should rather go for PPP figures because BD Taka has been kept high to look good by outsiders in terms of dollars.

In any case, if you do not understand the relationship between capital investment and output at that, you will keep on believing all those fictitious BBS figures that have been derived only to feel good.

Please come to BD and see what the real GDP growth is there. You can also see that there is almost no job creation and BD people going even to African countries to earn a living.

If your are not satisfied with nominal GDP growth, then you should just say that. Clearly, you did not even know that nominal GDP growth includes inflation and that Bangladesh was already hitting 12% growth before. When I asked you for nominal growth rate, you looked up the numbers and then came back with an essay that talks about anything but the nominal growth rate

Under good circumstances, there is a fair chance for Bangladesh's nominal GDP to hit $1 trillion by 2030. If you don't trust the official growth stats or just disillusioned with inflationary growth, that is a different. But don't try to make yourself look silly by shooting at the guy who just pointed out basic compound math

 

[bluesky]

If your are not satisfied with nominal GDP growth, then you should just say that. Clearly, you did not even know that nominal GDP growth includes inflation and that Bangladesh was already hitting 12% growth before. When I asked you for nominal growth rate, you looked up the numbers and then came back with an essay that talks about anything but the nominal growth rate

Under good circumstances, there is a fair chance for Bangladesh's nominal GDP to hit $1 trillion by 2030. If you don't trust the official growth stats or just disillusioned with inflationary growth, that is a different. But don't try to make yourself look silly by shooting at the guy who just pointed out basic compound math

Keep on believing what you like to believe. Can anyone stop you from imagining things?

No investment but big growth. It is only going in BD.

 

[Wood]

Keep on believing what you like to believe. Can anyone stop you from imagining things?

No investment but big growth. It is only going in BD.

Imagine what? That you did not know nominal growth includes inflation? That $400 billion is nominal GDP of Bangladesh and 12% is nominal growth rate? That multilateral international agencies choose to believe this measure but it is too good for you to accept? That you don't know how compound math works? You last two posts have shown all of it to be true

 

[Homo Sapiens]

Bangladesh has a nominal GDP of $400 billion now? With 12.5% nominal compounded growth, Bangladesh will be at the $1 trillion ballpark by 2030. This includes inflation in the economy.

IMF projected 396 billion for this year in it's April 2022 forecast, but in the last two months, Taka depreciated rapidly against US Dollar and gone from 86 to 93 per USD. It may depreciate even more in coming months. So, IMF's October revised data will show lesser figure for sure. Bangladesh's nominal GDP now around $365 billion taken into account of depreciation which may reduce to less than $350 billion by October if depreciation continues at this rate.

 

[Wood]

IMF projected 396 billion for this year in it's April 2022 forecast, but in the last two months, Taka depreciated rapidly against US Dollar and gone from 86 to 93 per USD. It may depreciate even more in coming months. So, IMF's October revised data will show lesser figure for sure. Bangladesh's nominal GDP now around $365 billion taken into account of depreciation which may reduce to less than $350 billion by October if depreciation continues at this rate.

If I had assumed the base figures incorrectly, then it could take a bit longer. Perhaps a year or so.

 

[GOAT]

@GOAT


Dude, this is the stark difference between BD and Pakistan in terms of where the respective home electronics markets are heading:


1. Pakistan

Consumer Electronics - Pakistan | Statista Market Forecast

The Consumer Electronics market in Pakistan is projected to grow by 2.18% (2024-2029) resulting in a market volume of US$7,696.0m in 2029.

www.statista.com

"

• Revenue in the Consumer Electronics market amounts to US$8,011.00m in 2022. The market is expected to grow annually by 2.32% (CAGR 2022-2026).
• The market's largest segment is the segment Telephony with a market volume of US$4,276.00m in 2022."

2. BD

Consumer Electronics - Bangladesh | Market Forecast

The Consumer Electronics market in Bangladesh is projected to grow by 6.82% (2024-2029) resulting in a market volume of US$13,500.0m in 2029.

www.statista.com

"

• Revenue in the Consumer Electronics market amounts to US$9,864.00m in 2022. The market is expected to grow annually by 7.92% (CAGR 2022-2026)
• The market's largest segment is the segment Telephony with a market volume of US$5,667.00m in 2022."

Even with a population 25% less than Pakistan it already has a 20% larger consumer-electronics market now - looks like my earlier estimate of the Pakistani market still being slightly larger was wrong.

However like I say it is the growth of around 8% in BD compared to 2% in Pakistan that means the two countries will divulge massively by 2030.


So according to this data Pakistan consumer market in 2030 may be be 9.6 billion US dollars but BD will be at 18.1 billion US dollars - around twice as large.


3. Let us bring India in as well:

Consumer Electronics - India | Statista Market Forecast

The Consumer Electronics market in India is projected to grow by 5.93% (2024-2029) resulting in a market volume of US$90.1bn in 2029.

www.statista.com

"

• Revenue in the Consumer Electronics market amounts to US$71,180.00m in 2022. The market is expected to grow annually by 5.76% (CAGR 2022-2026).
• The market's largest segment is the segment Telephony with a market volume of US$40,880.00m in 2022."

@Wood - India will have decent growth rate of around 6% with a market size around 7 times that of BD now. Little surprised but per capita BD beats not only Pakistan but India as well now.





Walton already designs and manufactures its 4K panels. It has stopped importing them from China.

My friend, think about digital services and collaboration. I don’t think the two countries can efficiently export manufacturing goods to each other at scale just yet.

 

[Rushd Alam]

We don't want your child labor produced TVs, Washing machines or whatever else.

Then please explain this map, this is an index from 2014 and pakistan is at no 6 in the world and Bangladesh is not in top 10. Thats why I said big words, when you say stuff you have to look into the mirror. Dont want to shame you but arrogance can only lead to downfall

 

[UKBengali]

My friend, think about digital services and collaboration. I don’t think the two countries can efficiently export manufacturing goods to each other at scale just yet.

For once we can agree.

BD and Pakistan should start to collaborate in the IT services field.

 

[Destranator]

Then please explain this map, this is an index from 2014 and pakistan is at no 6 in the world and Bangladesh is not in top 10. Thats why I said big words, when you say stuff you have to look into the mirror. Dont want to shame you but arrogance can only lead to downfall

Many Indian and Pakistani members on this forum are too out of touch with reality. They have no clue about how an average Indian or Pakistani lives his life so they find the gall to lecture others. Perhaps consequence of living in luxury, state/media propaganda, delusional nationalism and poor education.
A few out of touch boasters here and there aside, Bangladeshis are generally more grounded in reality.

 

[Pakistani E]

I hope the economic relationship between Pakistan and Bangladesh continues to grow. As for political and other ties, there isn't much to be gained for either side, as the two countries have completely different geopolitical situations and can't really be compared.

That said, all the best to Bangladesh.

 

[Rushd Alam]

BD's per capita is definitely not 3k. Nobody in their right mind believes a govts figure who keep on changing it every month. This is the same govt that got 98% of the vote? You expect me to take them on face value?

We are taking buses and public transport. That sector too is much better than BD. We have comfortable buses that run between cities.

Published on 02:51 PM, May 10, 2022
Bangladesh’s per capita income rises to $2,824

Bangladesh’s per capita income rises to $2,824

The per capita income in Bangladesh rose by 9 per cent year-on-year to $ 2,824 in 2021-22, according to data of Bangladesh Bureau of Statistics.

www.google.com

Thank you for sharing your belief, but unfortunately your belief do not matter in the calculation of Bangladeshs gdp, I understand its hard to believe and thats why the world says Bangaladesh is an economic miracle.

Lets say, the numbers are cooked up for the sake of the argument, there is IMF and worldbank working in our country and they are doing their calculations as well. Let them question it! Right? Why are they not doing it? They are not a subsidiary of our government nor we have the might to pressure them to publish whatever we want.

See Bangladesh exports twice as much as pakistan our forex reserve is more than 4 times that of pakistan our debt to gdp is significantly lower than pakistan, our currency taka is equal to 2.25 pakistani rupee. These are facts, Not cooked up, Alhamdulillah.

What I wanted to say, you took it the wrong way, I said your cities look to good for a poor country. Surely, Islamabad looks like european cities, how you have made it? by taking huge loans maybe? If you spend lavisly on making cities that are flashy thats your choice. But if you ask people to believe that because you have flashy cities you are not poor that is a problem. Bangladesh is 3k per capita income which is still at the bottom of the world and our cities reflect our income, on the other hand pakistani cities look to good for a country of around 2k per capital income. Does that mean because you have better looking cities you are economically prosperous? No obviously!

We are growing fast and insallah our cities will look good as well soon. but at the same time our cities will always have place for the less fortunate and we should not be ashamed to show our slums to the world as we still have to go a long way a country with less than 3k per capita would have slums and surely would not look like europe, and we are not trying to be.

 

[Rushd Alam]

You gotta be joking. BD Is already an Indian colony. Live in reality. US has no strategic interest in bangladesh. Best BD could provide us another anti china front but in that case China/Pakistan/Myanmar would level Dhaka. India provides far far more as does Pakistan. Having a base in BD would be a liability more than anything.

You must be kidding, US is desperately trying to get into Bangladesh. Bangladesh is in a geographical sweet spot, if US gets access in Bangladesh they will have their foothold The Bay of Bengal. Then it can challenge the dominance of India and chinese access to hydrocarbon through Myanmar. US congressman even offered Military help to Bangladesh to takeovers rakhaine from myanmar.

Bangladesh is using its geographical advantage and benefiting from both India and china by playing diplomatically, we saw Modi jumping and came to our country just after china offerd investment of 24 billion, and shamelessly offerd not even a billion, such a joke. Now USA is coming into the party.

Imagine US aircraft carriers in bay of bengal and us military base near indian chicken neck, what do we have to lose? a bit of our land and a bit compromised soverignty! but will see US india china face to face in our backyard.

What do you say, isn't it better than being invaded by hindus?

 

[Rushd Alam]

No one wants a military base in a bogged down swampy marsh.

Who told you that? Did Biden call you? Its the geographical location that makes Bangladesh attractive. Its the access to the bay of bengal that US do not have, to counter india and chinenese access through myanmar.

The Guwadar acess is the last resort for china if everything is blocked but that is not very economically viable for china as it is far away from mainland and economic Centres. I am less knowledgeable on the economic viability of gwadar port for pakistan, but if pakistan invested billion on the hope of serving chienese demand not their own I fear it will backfire. As that port is only a backup for China. Correct me as my knowledge is limited here and but hope pakistan was smart enough to invest for their own capacity unlike srilankan Hambantota port which turned out to be a white elephant.

 

[Imran Khan]

I specifically mentioned that it is in nominal terms. That includes inflation. What is Bangladesh's nominal GDP growth this year?

whatever their gov will wish to say no one can stop them to claim 20% even .

Many Indian and Pakistani members on this forum are too out of touch with reality. They have no clue about how an average Indian or Pakistani lives his life so they find the gall to lecture others. Perhaps consequence of living in luxury, state/media propaganda, delusional nationalism and poor education.
A few out of touch boasters here and there aside, Bangladeshis are generally more grounded in reality.

add bangladeshis in list too .

Many Indian BANGLADESHI and Pakistani members on this forum are too out of touch with reality. They have no clue about how an average Indian BANGLADESHIS or Pakistani lives his life so they find the gall to lecture others. Perhaps consequence of living in luxury, state/media propaganda, delusional nationalism and poor education.
A few out of touch boasters here and there aside, Bangladeshis are generally more grounded in reality.