Hello friends welcome to our channel Social life you are watching our special series Shonar Bangla and this is Episode 13
In today's video we will be discussing Pakistan's and bangladesh's Economy.
As seen in video title the question is Bangladesh's GDP is higher than Pakistan ?
You will know the answer just watch our video till end.
So friends iam Ahaan you are watching Social life let's start our video.
Friends there is a big notion saying "sometimes you win a war not by your strength but due to opposition mistakes"
Some similar scenario is applicable here
First talk about Bangladesh GDP per capita
Friends bangladesh over took Pakistan in GDP per capita nominally in 2017 and in 2018 ...
Bangladesh's GDP per capita is 1754$
while pakistan's is 1640$
And this gap will increase because
it has 2 main reasons
first is bangladeshs GDP growth rate is faster than Pakistan .
Pakistan GDP growth rate is under 6%
While bangladesh GDP growth rate is over 7.5%
Second reason is population control
Bangladesh has controlled their population very well
Bangladesh has achieved 2.1 replacement level in 2016
And bangladeshs population growth rate is 1.1%
for india it is 1.2%
and Pakistan its 2.2%
These are the reasons and bangladesh GDP per capita will be higher than Pakistan in future.
Now let's talk about GDP
First of all GDP will be calculated in local currency and then that GDP will be compared with international currency like US dollar
Now let's see Pakistan's GDP
In 2017 Pak's GDP was 31,692 billion rupees and
Pakistan's currency value was 105 RS
And by evaluating this with US dollar we get standard GDP of Pakistan which was 305 billion dollars in 2017
And in 2018 Pakistan's GDP growth is 5.8%
And the GDP of Pakistan in local currency is 34,396 billion rupees
now let's see currency rate of Pakistan which is 115rs in 2018
by dividing this value we will get GDP of Pakistan in 2018
which is 297 billion dollars.
The GDP of Pakistan is declining due to its currency devaluation.
If we see the currency value of Pakistan in June 2018 it is 122rs
now let's calculate the GDP of Pakistan with this currency value we get 282 billion dollars
this is due to low currency value in june
therefore pakistans GDP is 282B $ in 2018 while the bangladesh GDP in 2018 is 285 billion dollars.
Friends whatever statistics we showed here it is quarter 1 values
and in quarter 2 the GDP of Pakistan could decline more because its currency is declining.
Friends you can see this statistics by Searching Economy of Pakistan and open Wikipedia page
and this data is released on the official page of Pakistan bureau of statistics
you can visit the page by clicking the link which is in description.
When people talk about bangladesh people still consider them as under developed country
but that it not true
and the way GDP of Bangladesh is growing in 2018 or 2019 it will over take Pakistan's GDP.
Few years ago to think bangladesh will over take Pakistan was very difficult
but in last 10 years the development happend in Bangladesh is unbelievable
due to this development GDP of bangladesh can grow much faster in future.
So friends what you think about this video please write your comments below.
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thanks for your time
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