Nilgiri
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Yes,PwC used this undercounted PPP GDP of Bangladesh for the next 33 years.This is a big problem with such a long time projection.If correct ppp gdp figure is used in case of Bangladesh,than their projection will certainly showed BD among the top 20 economy by 2050.This PPP undercount problem of BD will remain up until LDC graduation.Bangladesh is unique with such a large economy living with LDC family.Next largest LDC economy is Sudan have only one third the size of BD.Most of LDC have only a few billion dollar economy with heavily dependent on foreign aid and land locked geography.
PPP "undercount". You and iajdani seriously have no idea how ICP calculates PPP.
I can post just how much BD consumes of basic physical items (regarding energy, transport, materials), but it will be like beating a dead horse.
There is no "incorrect" and "correct" PPP measure for BD. You have price level data and a basket composition. One indication of basket composition:
Food consumption as a share of household expenditure
% of total household expenditure
World Average = 29.9%
India = 30.5%
Pakistan = 34.8%
Nepal = 43.9%
Mali = 45.4%
Laos = 50.8%
Nigeria = 51.8%
Sudan = 52.9%
BD= 53.8%
Ethiopia = 55.4%
(Source: FAO)
If you are talking about hidden economy, then that affects the entire developing world. If you feel that affects you disproportionately, fix your stagnant and miserable corruption rather than blaming World Bank (ICP) and PwC:
http://www.transparency.org/news/feature/corruption_perceptions_index_2016
BD score 2012 = 26
BD score 2016 = 26
Remember that such hidden economy cannot be so big anyway in BD given the clear amount of raw materials and consumer goods you publish data for.
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