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Bangladesh’s GDP per person is now higher than Pakistan’s

All the debates aside, I agree that growth of Bangladeshi economy has been slightly deceptive. They focused on short-term gains more; that was an error.

Gap between rich and poor was (and still is) massive.
 
sweep_shot said:
All the debates aside, I agree that growth of Bangladeshi economy has been slightly deceptive. They focused on short-term gains more; that was an error.

Gap between rich and poor was (and still is) massive.
Click to expand...

Actually, the way GDP is calculated has changed from 50s/60s/70s to present day. Changed from the 80s. In essence, all GDP figures these days, from every country in the world, are hugely deceptive.
 
sweep_shot said:
Many Indians do the same to come to west. Many illegal Indians (overstaying visa) here in North America.

Also, there are many illegal Indians in Bangladesh too. It goes both ways.

I condemn any Muslim Bangladeshi who migrates to a third world Hindu country like India. It is like they have no self-respect or sense of identity.
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How many illegal Indians in BD? Please post the numbers. I will post the numbers of illegal Bdeshis in India.

Muslim Bangladeshi?? So the 10-11 odd per cent of Hindus are free to leave BD. Or msy be they are no human enough for you.
 
I still believe Pak is better to Bangladesh maybe not by much overall quality of life in Pak for a middle class family >>
 
cricketjoshila said:
How many illegal Indians in BD? Please post the numbers. I will post the numbers of illegal Bdeshis in India.

Muslim Bangladeshi?? So the 10-11 odd per cent of Hindus are free to leave BD. Or msy be they are no human enough for you.
Click to expand...

500,000 illegal Indians in Bangladesh. Around that mark. That's a huge number.

No. I didn't say Hindus are free to leave BD. Where did I say that? They are okay as long as they don't disrupt peace with false propaganda.
 
Bangladesh is seeking $2 billion from the World Bank and the Asian Development Bank (ADB) amid efforts to bolster its foreign exchange reserves, Bloomberg News reported on Wednesday.

Bangladesh's $416 billion economy has been one of the fastest-growing in the world for years, but rising energy and food prices because of the Russia-Ukraine war have inflated its import bill and the current account deficit.

The government wrote letters to the two lenders seeking $1 billion each, the report said, citing people familiar with the matter.

This comes days after Bangladesh's Daily Star newspaper reported that the country wanted $4.5 billion from the International Monetary Fund (IMF), including for budgetary and balance-of-payment support.

Last week, IMF said it would discuss with Bangladesh its loan request.

The country's finance ministry, World Bank and ADB did not immediately respond to Reuters requests for comment.

Bangladesh's July to May current account deficit was $17.2 billion, compared with a deficit of $2.78 billion in the year-earlier period, according to central bank data, as its trade deficit widened and remittances fell.
 
AamchiMumbaikar said:
I still believe Pak is better to Bangladesh maybe not by much overall quality of life in Pak for a middle class family >>
Click to expand...

Believe me, Pak is well ahead of BD. Being an Indian there is nothing for me to prop up Pak, but Pakistanis enjoy a much better quality of life than Bangladeshis. Gap has certainly reduced in last few years, but Pak is still ahead. BD is all about check thumping in all facets of life, with very little to show in terms of achievements
 
If Pakistan does better than BD, it doesn't really bother me. I want all Muslim states to do well (including Pakistan, Bangladesh, and Afghanistan).

Strong Muslim states are necessary to tackle Zionists and other anti-Islamic elements.
 
sweep_shot said:
If Pakistan does better than BD, it doesn't really bother me. I want all Muslim states to do well (including Pakistan, Bangladesh, and Afghanistan).

Strong Muslim states are necessary to tackle Zionists and other anti-Islamic elements.
Click to expand...

What about India although they're not a Muslim country but still they have bigger Muslim population as compared to Bangladesh & Afghanistan they're slightly behind Pakistan in muslim population as well.
 
sweep_shot said:
If Pakistan does better than BD, it doesn't really bother me. I want all Muslim states to do well (including Pakistan, Bangladesh, and Afghanistan).

Strong Muslim states are necessary to tackle Zionists and other anti-Islamic elements.
Click to expand...

What about Canada your home? lol
 
SportsWarrior said:
Believe me, Pak is well ahead of BD. Being an Indian there is nothing for me to prop up Pak, but Pakistanis enjoy a much better quality of life than Bangladeshis. Gap has certainly reduced in last few years, but Pak is still ahead. BD is all about check thumping in all facets of life, with very little to show in terms of achievements
Click to expand...

How can Pakistan possibly claim that its quality of life is higher than Bangladesh with actual objective statistics like:

GDP per capita:
India $2543 (160th out of 216)
Bangladesh $2362 (162nd out of 216)
Pakistan $1562 (178th out of 216)

Literacy rate:
Bangladesh 76% (male 78%, female 74%)
India 74.3% (male 82%, female 66%)
Pakistan 59.1% (male 71.1%, female 46.5%)

Life expectancy at birth
Bangladesh 72.87 (male 71.13, female 74.89), rank 107, just above world average.
India 69.89 (male 68.68, female 71.20), rank 136.
Pakistan 67.43 (male 66.47, female 68.48), rank 148.

Infant mortality rate
Bangladesh 30.5 per 1,000 live births.
India 37.8
Pakistan 50.4

Compared with Bangladeshis:

1. Pakistanis have on average 40% less wealth than Bangladeshis.
2. Pakistan has an illiteracy rate that is 17% worse, and female illiteracy that is 28% worse.
3. Pakistani men die 5 years younger, and Pakistani women die 6 years younger.
4. Pakistani babies die at a rate of 50 per 1,000, compared with Bangladeshi babies dying at a rate of 30 per 1,000.

It's blindingly obvious that from 1947 to 1971, East Pakistan was propping up West Pakistan, and when East Pakistan left we saw the rump Pakistan become a much poorer and more backward country than Bangladesh.

And Pakistan has sunk into a catastrophic one-two of excessive military power and excessive religious influence, either of which are always damaging for any country, but in combination they have turned Pakistan into a Failed State.
 
Junaids said:
How can Pakistan possibly claim that its quality of life is higher than Bangladesh with actual objective statistics like:

GDP per capita:
India $2543 (160th out of 216)
Bangladesh $2362 (162nd out of 216)
Pakistan $1562 (178th out of 216)

Literacy rate:
Bangladesh 76% (male 78%, female 74%)
India 74.3% (male 82%, female 66%)
Pakistan 59.1% (male 71.1%, female 46.5%)

Life expectancy at birth
Bangladesh 72.87 (male 71.13, female 74.89), rank 107, just above world average.
India 69.89 (male 68.68, female 71.20), rank 136.
Pakistan 67.43 (male 66.47, female 68.48), rank 148.

Infant mortality rate
Bangladesh 30.5 per 1,000 live births.
India 37.8
Pakistan 50.4

Compared with Bangladeshis:

1. Pakistanis have on average 40% less wealth than Bangladeshis.
2. Pakistan has an illiteracy rate that is 17% worse, and female illiteracy that is 28% worse.
3. Pakistani men die 5 years younger, and Pakistani women die 6 years younger.
4. Pakistani babies die at a rate of 50 per 1,000, compared with Bangladeshi babies dying at a rate of 30 per 1,000.

It's blindingly obvious that from 1947 to 1971, East Pakistan was propping up West Pakistan, and when East Pakistan left we saw the rump Pakistan become a much poorer and more backward country than Bangladesh.

And Pakistan has sunk into a catastrophic one-two of excessive military power and excessive religious influence, either of which are always damaging for any country, but in combination they have turned Pakistan into a Failed State.
Click to expand...

Good post. Very detailed.

SportsWarrior is obviously salty about Bangladesh for some reason. Objective statistics is unlikely to change his mind.
 
ChTab said:
What about India although they're not a Muslim country but still they have bigger Muslim population as compared to Bangladesh & Afghanistan they're slightly behind Pakistan in muslim population as well.
Click to expand...

I wish all Muslims well. Doesn't matter if they are Indian Muslims or African Muslims.

I do not care about state of India as it is an oppressive state (Kashmir issue, BJP etc.) but I definitely care about Muslim citizens of it.
 
sweep_shot said:
I wish all Muslims well. Doesn't matter if they are Indian Muslims or African Muslims.

I do not care about state of India as it is an oppressive state (Kashmir issue, BJP etc.) but I definitely care about Muslim citizens of it.
Click to expand...

It just shows you lack humanity, openly stating you want good for only one religion. There is no difference between people like you or religious extremists be in India/ West
 
AamchiMumbaikar said:
It just shows you lack humanity, openly stating you want good for only one religion. There is no difference between people like you or religious extremists be in India/ West
Click to expand...

You clearly misunderstood what we were discussing.

I didn't mention animals or plants too. Does that mean I hate them?
 
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Junaids said:
How can Pakistan possibly claim that its quality of life is higher than Bangladesh with actual objective statistics like:

GDP per capita:
India $2543 (160th out of 216)
Bangladesh $2362 (162nd out of 216)
Pakistan $1562 (178th out of 216)

Literacy rate:
Bangladesh 76% (male 78%, female 74%)
India 74.3% (male 82%, female 66%)
Pakistan 59.1% (male 71.1%, female 46.5%)

Life expectancy at birth
Bangladesh 72.87 (male 71.13, female 74.89), rank 107, just above world average.
India 69.89 (male 68.68, female 71.20), rank 136.
Pakistan 67.43 (male 66.47, female 68.48), rank 148.

Infant mortality rate
Bangladesh 30.5 per 1,000 live births.
India 37.8
Pakistan 50.4

Compared with Bangladeshis:

1. Pakistanis have on average 40% less wealth than Bangladeshis.
2. Pakistan has an illiteracy rate that is 17% worse, and female illiteracy that is 28% worse.
3. Pakistani men die 5 years younger, and Pakistani women die 6 years younger.
4. Pakistani babies die at a rate of 50 per 1,000, compared with Bangladeshi babies dying at a rate of 30 per 1,000.

It's blindingly obvious that from 1947 to 1971, East Pakistan was propping up West Pakistan, and when East Pakistan left we saw the rump Pakistan become a much poorer and more backward country than Bangladesh.

And Pakistan has sunk into a catastrophic one-two of excessive military power and excessive religious influence, either of which are always damaging for any country, but in combination they have turned Pakistan into a Failed State.
Click to expand...

Because you don't actually know what GDP is and how it gets measured.

GDP per capita is not a measure of wealth but rather spending by individuals, government and corporations. Most of Pakistan's economy is underground and thus not measurable. There is very little use of credit cards and online services for purchases. The question then becomes is more of Pakistan's economy underground than BD? Hard to say but from little I have read, BD has done a good job with online digital payments which Pakistan hasn't. Those payments count toward GDP.

I also mentioned the US vs Canada healthcare example in a previous post, and how higher GDP doesn't always mean better.

US GDP per capita is also higher than most of Europe, but it's quality of life is only better for the very wealthy, the top 5%.

Just the eye test between the two countries suggest middle class are better off in Pakistan.
 
Fuel price hike in Bangladesh triggers chaos

52% fuel price hike sends thousands scrambling to petrol pumps in Bangladesh

Fuel cost soars in Bangladesh from:
Octane: 135 taka per litre, from 89.
Petrol: 130 taka per litre, from 86.
Diesel: 114 taka per litre, from 80.
 
 
ahsan17 said:
Because you don't actually know what GDP is and how it gets measured.

GDP per capita is not a measure of wealth but rather spending by individuals, government and corporations. Most of Pakistan's economy is underground and thus not measurable. There is very little use of credit cards and online services for purchases. The question then becomes is more of Pakistan's economy underground than BD? Hard to say but from little I have read, BD has done a good job with online digital payments which Pakistan hasn't. Those payments count toward GDP.

I also mentioned the US vs Canada healthcare example in a previous post, and how higher GDP doesn't always mean better.

US GDP per capita is also higher than most of Europe, but it's quality of life is only better for the very wealthy, the top 5%.

Just the eye test between the two countries suggest middle class are better off in Pakistan.
Click to expand...

Eye test is very subjective. It's possible that the rich and upper class in Pakistan have a much more luxurious life than their counterparts in Bangladesh because of the underground economy that you stated, but purely going by data Bangladesh so far has better state support model for their middle class and poor. Whether the data itself is accurate or not or whether it is sustainable in the long run is another argument and holds equally true for both the nations. And hence based on that data I personally find it hard to believe that a daily wager in Pakistan is actually much richer than a similar person in Bangladesh and as such have a relatively better lifestyle.
 
ahsan17 said:
Because you don't actually know what GDP is and how it gets measured.

GDP per capita is not a measure of wealth but rather spending by individuals, government and corporations. Most of Pakistan's economy is underground and thus not measurable. There is very little use of credit cards and online services for purchases. The question then becomes is more of Pakistan's economy underground than BD? Hard to say but from little I have read, BD has done a good job with online digital payments which Pakistan hasn't. Those payments count toward GDP.

I also mentioned the US vs Canada healthcare example in a previous post, and how higher GDP doesn't always mean better.

US GDP per capita is also higher than most of Europe, but it's quality of life is only better for the very wealthy, the top 5%.

Just the eye test between the two countries suggest middle class are better off in Pakistan.
Click to expand...

Spot on.

GDP calculations used to be based on value add, but are now based on asset transfer (mid 80s) which has lead to economic distortion of the highest order.

Old GDP calculation : Company manufactures 10 cars and sell each car domestically for 1000. Value added to GDP is 10000.

New GDP calculation since mids 80s : Company manufactures 10 cars and sell each car domestically for 1000, then the same cars are sold second hand domestically for 500 each, then 250 each. Figure added to GDP is 10000 + 5000 + 2500. Total 17500 added to GDP.

By changing the way GDP is calculated, asset based calculation add an extra 75% to GDP, when value remains at 0.

It's all rigged to bolster the illusion of a growing economy, and look no further than Amreeka who changed the way GDP is calculated since mid 80s.

This is why the golden age of Amreeka is 50s to late 70s, baby boomer generation, after which asset inflated economies not only are false but prone to more boom and busts.
 
RajBan said:
Eye test is very subjective. It's possible that the rich and upper class in Pakistan have a much more luxurious life than their counterparts in Bangladesh because of the underground economy that you stated, but purely going by data Bangladesh so far has better state support model for their middle class and poor. Whether the data itself is accurate or not or whether it is sustainable in the long run is another argument and holds equally true for both the nations. And hence based on that data I personally find it hard to believe that a daily wager in Pakistan is actually much richer than a similar person in Bangladesh and as such have a relatively better lifestyle.
Click to expand...

The underground economy I am talking about is not just for the wealthy. By underground economy I mean using cash to pay for goods and services and those not being counted towards the GDP.

In any case, I would compare this to US v/s Canada, where Canadian GDP per capita is quite a bit lower but middle class is objectively better off in Canada. This is not the same situation, but what I am trying to get at is that when you have 20-30% difference in GDP, it doesn't speak much for the difference in quality of life given that GDP is a very basic and non-contextual measure.
 
Technics 1210 said:
Spot on.

GDP calculations used to be based on value add, but are now based on asset transfer (mid 80s) which has lead to economic distortion of the highest order.

Old GDP calculation : Company manufactures 10 cars and sell each car domestically for 1000. Value added to GDP is 10000.

New GDP calculation since mids 80s : Company manufactures 10 cars and sell each car domestically for 1000, then the same cars are sold second hand domestically for 500 each, then 250 each. Figure added to GDP is 10000 + 5000 + 2500. Total 17500 added to GDP.

By changing the way GDP is calculated, asset based calculation add an extra 75% to GDP, when value remains at 0.

It's all rigged to bolster the illusion of a growing economy, and look no further than Amreeka who changed the way GDP is calculated since mid 80s.

This is why the golden age of Amreeka is 50s to late 70s, baby boomer generation, after which asset inflated economies not only are false but prone to more boom and busts.
Click to expand...

This is very true as well. To me the kicker was the US vs Canada healthcare example.

US spends 2x per capita on healthcare, but their healthcare outcomes are objectively worse. 30% of their population is basically uninsured. Canada spends 2x less and has better outcomes as a whole. But according to GDP, US is doing much better.
 
Technics 1210 said:
Spot on.

GDP calculations used to be based on value add, but are now based on asset transfer (mid 80s) which has lead to economic distortion of the highest order.

This is why the golden age of Amreeka is 50s to late 70s, baby boomer generation, after which asset inflated economies not only are false but prone to more boom and busts.
Click to expand...

So why does Pakistan, compared with Bangladesh:

1. Have a much shorter life expectancy?
2. Have much higher infant mortality?
3. Have much lower literacy?
 
Junaids said:
How can Pakistan possibly claim that its quality of life is higher than Bangladesh with actual objective statistics like:

GDP per capita:
India $2543 (160th out of 216)
Bangladesh $2362 (162nd out of 216)
Pakistan $1562 (178th out of 216)

Literacy rate:
Bangladesh 76% (male 78%, female 74%)
India 74.3% (male 82%, female 66%)
Pakistan 59.1% (male 71.1%, female 46.5%)

Life expectancy at birth
Bangladesh 72.87 (male 71.13, female 74.89), rank 107, just above world average.
India 69.89 (male 68.68, female 71.20), rank 136.
Pakistan 67.43 (male 66.47, female 68.48), rank 148.

Infant mortality rate
Bangladesh 30.5 per 1,000 live births.
India 37.8
Pakistan 50.4

Compared with Bangladeshis:

1. Pakistanis have on average 40% less wealth than Bangladeshis.
2. Pakistan has an illiteracy rate that is 17% worse, and female illiteracy that is 28% worse.
3. Pakistani men die 5 years younger, and Pakistani women die 6 years younger.
4. Pakistani babies die at a rate of 50 per 1,000, compared with Bangladeshi babies dying at a rate of 30 per 1,000.

It's blindingly obvious that from 1947 to 1971, East Pakistan was propping up West Pakistan, and when East Pakistan left we saw the rump Pakistan become a much poorer and more backward country than Bangladesh.

And Pakistan has sunk into a catastrophic one-two of excessive military power and excessive religious influence, either of which are always damaging for any country, but in combination they have turned Pakistan into a Failed State.
Click to expand...



Detailed post and solid stats. To further add to your points, Pakistan has the highest number of out of children with 4 out of 10 children not going to school and the figure rises to 6 out of 10 for girls. In total, 25 million kids are out of school.

Generally speaking, the state of women is also much superior in Bangladesh than in Pakistan and women in Bangladesh face less cruelty, discrimination and violence.

Pakistan has the world highest's honor killings per capita, widespread domestic violence, acid attacks, and brutal anti-women social norms such as Karokari and Sawera - an inhumane practice where underage girls are gifted to an aggrieved party as a compensation or to solve a dispute. There is a general lack of respect and protection of women in the country. Female employment in Pakistan stand at a meagre 19%, even lower than that of Saudi Arabia. All in all, Pakistan is pretty much a place that is unfit for human living. I commend Bangladesh for investing in its people and raising the living standards of Bangladeshis.
 
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ahsan17 said:
The underground economy I am talking about is not just for the wealthy. By underground economy I mean using cash to pay for goods and services and those not being counted towards the GDP.

In any case, I would compare this to US v/s Canada, where Canadian GDP per capita is quite a bit lower but middle class is objectively better off in Canada. This is not the same situation, but what I am trying to get at is that when you have 20-30% difference in GDP, it doesn't speak much for the difference in quality of life given that GDP is a very basic and non-contextual measure.
Click to expand...

That's fair enough. I agree, the difference one way or the other is more between few laggards, all of whom have significant runway to improve.
 
Junaids said:
How can Pakistan possibly claim that its quality of life is higher than Bangladesh with actual objective statistics like:

GDP per capita:
India $2543 (160th out of 216)
Bangladesh $2362 (162nd out of 216)
Pakistan $1562 (178th out of 216)

Literacy rate:
Bangladesh 76% (male 78%, female 74%)
India 74.3% (male 82%, female 66%)
Pakistan 59.1% (male 71.1%, female 46.5%)

Life expectancy at birth
Bangladesh 72.87 (male 71.13, female 74.89), rank 107, just above world average.
India 69.89 (male 68.68, female 71.20), rank 136.
Pakistan 67.43 (male 66.47, female 68.48), rank 148.

Infant mortality rate
Bangladesh 30.5 per 1,000 live births.
India 37.8
Pakistan 50.4

Compared with Bangladeshis:

1. Pakistanis have on average 40% less wealth than Bangladeshis.
2. Pakistan has an illiteracy rate that is 17% worse, and female illiteracy that is 28% worse.
3. Pakistani men die 5 years younger, and Pakistani women die 6 years younger.
4. Pakistani babies die at a rate of 50 per 1,000, compared with Bangladeshi babies dying at a rate of 30 per 1,000.

It's blindingly obvious that from 1947 to 1971, East Pakistan was propping up West Pakistan, and when East Pakistan left we saw the rump Pakistan become a much poorer and more backward country than Bangladesh.

And Pakistan has sunk into a catastrophic one-two of excessive military power and excessive religious influence, either of which are always damaging for any country, but in combination they have turned Pakistan into a Failed State.
Click to expand...

The bigger problem for Pakistan is due to heavy debt and in inflation - there is little scope for real income growth in the coming decade. Which means the income gap between Pakistan and India / Bangladesh will only widen in the coming decade

These IMF bailouts will lead to severe austerity measures which will prevent Pakistan from investing in education and healthcare - which will negatively impact labour productivity. Which in turn will lead to economic stagnation. In essence the average Pakistani family will see very less income growth in the next 10 years while continuing to suffer impact from high inflation due to rising commodity prices. The only way out or Pakistan are large scale structural reforms - which looks impossible given the current political set up
 
Buffet said:
GDP per capita can be misleading at times, but in Pakistan's case, trend may not be misleading compared to Bangladesh.

Here is another data point, yes it's for 2018 but I doubt that 2022 will be too much different than 2018.

Primary age out of school kids.

View attachment 116750

http://uis.unesco.org/sites/default...dren-adolescents-and-youth-are-out-school.pdf
Click to expand...


The low literacy level in Pakistan due to high school drop outs is huge reason for Pakistan's economic stagnation. A low literate population will always have low labour productivity which in turn hurts economic productivity . Even in farming , an educated farmer generally produces higher output than an illiterate farmer - bcoz he has better knowledge of how to optimally use resources !

Pakistan's first priority should be to put majority of kids in school and colleges
 
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