Per capita GDP of Bangladesh reaches $1044

[Hyde]

very interesting, so that means in just last 5 years they have managed to almost double their per capita income?

Highly impressive

 

[rio90]

Why are you replying to trolls?

1.) For living standards, PPP is more relevant than the Per capita GDP so what he talks about is nonsense

2.) His "predictions" about the GDP in the future are laughable at best

3.) Indias economy is in another league while BD is still a LDC, temporary slowdowns and mistakes happen, the thing is that Indias economy is strong enough to survive it.... unless you think that India will fall apart into 5023850238502 countries because of this like some braindead people here do...

4.) Living standards also include education, healthcare etc etc.... Look at the HDI... India has the highest on the subcontinent, even if you take our national average HDI which is on medium level, while all the others are still on low level.

India doesn`t have the highest HDI in subcontinent..Sri Lanka is the only country that is in `high` HDI category and is ahead of India in almost evety socio-economic indicator .India is on medium.

 

[rio90]

Great achievement by SL. But you have to keep in mind we have to raise the per capita of 160 million people which SL is doing for only 20 million people.

yes but the advantage for you guys is the massive work force. And I guess the median age is quite young as well.Lanka has an aging population because our Population growth is almost 0% !

 

[Skyline]

India doesn`t have the highest HDI in subcontinent..Sri Lanka is the only country that is in `high` HDI category and is ahead of India in almost evety socio-economic indicator .India is on medium.

I think he is correct. Sri Lanka and Maldives aren't Indian subcontinent countries so with in their subcontinent India may be leading in HDI rankings.

 

[Skyline]

yep, India is leading in the Indian subcontinent.

 

[eastwatch]

very interesting, so that means in just last 5 years they have managed to almost double their per capita income?

Highly impressive

The explanation of this rise is little complex. Economic base year in BD remained at 1995 until last year when it was decided to bring it up to 2005. So, it happened that if the GDP is measured on 1995 base year the per capita is $923. But, when the base year was made 2005, the per capita raised to $1,044. This is the real per capita GDP.

Since 1995, many new commodity productions or businesses were added in the national economic activities. But, these could not be included because the base year remained in 1995.

So, when the base year was upped to 2005, all these new sectors, businesses and productions were added. This became a more realistic GDP.

For example, Indian GDP base year is 2012. Hope, BD will shortly upgrade the base year to 2010, which will also again add more values to the next year's GDP.

However, BD GDP is $153.3 billion this year. We are proud of this achievement. We started with only $9 billion in 1972.

 

[eastwatch]

I think he is correct. Sri Lanka and Maldives aren't Indian subcontinent countries so with in their subcontinent India may be leading in HDI rankings.

Indians should not be allowed to divide south asia into many sub groups to bring them up at the top of social indexes. We are all south asians and are part of SAARC. This is more logical.

 

[Skyline]

Indians should not be allowed to divide south asia into many sub groups to bring them up at the top of social indexes. We are all south asians and are part of SAARC. This is more logical.

Indian "subcontinent" and South Asia are two different things.

 

[livingdead]

Indian "subcontinent" and South Asia are two different things.

I dont understand how lanka has highest HDI, even after bloody civil war. Has it always been so?

 

[Skyline]

I dont understand how lanka has highest HDI, even after bloody civil war. Has it always been so?

Tamil tiger terrorism + JVP violence + 2004 Tsunami..... but Sri Lanka moves in Sri Lankan style. lol

 

[livingdead]

Tamil tiger terrorism + JVP violence + 2004 Tsunami..... but Sri Lanka moves in Sri Lankan style. lol

and how do you explain that... was lanka always rich?

 

[scholseys]

awami league made up stat before elections just like the growth rate

 

[Skyline]

and how do you explain that... was lanka always rich?

yep, we had some up and downs but we managed to secure our position in the region.

Now GDP per capita US$ 3135 with in next 2-3 years Sri Lanka is moving in to "Upper middle income" country status.
Poverty - 6% , (Target is zero poverty in 2016)
Unemployment - 3.9%
and we have around 98% literacy rate, we can do much better this decade.

 

[livingdead]

yep, we had some up and downs but we managed to secure our position in the region.

Now GDP per capita US$ 3135 with in next 2-3 years Sri Lanka is moving in to "Upper middle income" country stats.
Poverty - 6% , (Target zero poverty in 2016)
Unemployment - 3.9%
and we have around 98% literacy rate, we can do much better this decade.

what are the major revenue generating areas .. is it tea, tourism?

 

[Skyline]

what are the major revenue generating areas .. is it tea, tourism?

Garments and services....