Per capita income: A Pakistani now makes $1,513 a year

[Kabira]

So its not $320 Billion as you guys were claiming just the other day? These numbers don't mean anything until the official census data comes out.

$320 billion is for 2015-16 FY, $286 billion for 2014-15 which ends June this year.

 

[Bobby]

Bangladesh has already grown to $1,314? That's like a huge growth from $957.8 back in 2013, congrats!

World Bank data of 2013 for the region:

• Bangladesh: $958. And now $1,314 that's 37% growth in 2 years, that's massive! @UKBengali
  
• Pakistan: $1,275. And now this thread reports $1,513 that's 19% growth, very nice as well.
• India: $1,498. What's the latest number?
• Sri Lanka: $3,280. Very high already, more than doubles of regional average. What's the latest number? @Azizam @Gibbs

The bulk of the region comprises of Pakistan, India and Bangladesh are about on par with one another, it would be nice to compete heathily for faster growth. Wish the PCEC and other external stimulus would further increase Pakistan's speed of growth, the 37% growth of Bangladesh in the last 2 years is mind-boggling!

Sri Lanka has an unique economic performance, the stage of development is getting close to middle-income countries in ASEAN. It would be useful to put SL in comparison with ASEAN in the next era.

India - $1,808

 

[Donatello]

The funny bit with any per unit calculation is that you need to know the denominator with absolute certainty.

Now how do we know that the population figures are exact? Same issue in the case of all, India, Pakistan, Bangladesh etc.

 

[Gibbs]

Bangladesh has already grown to $1,314? That's like a huge growth from $957.8 back in 2013, congrats!

World Bank data of 2013 for the region:

• Bangladesh: $958. And now $1,314 that's 37% growth in 2 years, that's massive! @UKBengali
  
• Pakistan: $1,275. And now this thread reports $1,513 that's 19% growth, very nice as well.
• India: $1,498. What's the latest number?
• Sri Lanka: $3,280. Very high already, more than doubles of regional average. What's the latest number? @Azizam @Gibbs

The bulk of the region comprises of Pakistan, India and Bangladesh are about on par with one another, it would be nice to compete heathily for faster growth. Wish the PCEC and other external stimulus would further increase Pakistan's speed of growth, the 37% growth of Bangladesh in the last 2 years is mind-boggling!

Sri Lanka has an unique economic performance, the stage of development is getting close to middle-income countries in ASEAN. It would be useful to put SL in comparison with ASEAN in the next era.

No idea bro.. Could'nt find the latest info for 2015.. Guessing close to $ 4000 maybe

 

[Kabira]

India - $1,808

Can you quote official IG source? Not IMF. And for which FY? 2014-15 or 2015-16?

 

[Umair Nawaz]

In India
40 Kg flour bag = USD 20
5 Kg oil = USD 7
Electricity Bill = USD 10
Gas Bill = USD 4
1 Litre Milk = 60 cents (Indians consume atleast 30 litres milk every month)
Water Bill = USD 5
Vegetables = 50 cents to 1 USD per KG. USD 30 per month.

Seems like its is cheaper to live in India and we get more salary.

oil dont come in kilos.

 

[M.SAAD]

Its alright..

 

[UKBengali]

@Shotgunner51

The reason for the massive rise in BD GDP/capita is that BD is now using the 2005 base year rather than the old 1995 base year to calculate GDP.

We are likely to see ever accelerating GDP/capita growth in South Asia over the next 1-2 decades due to rising GDP growth and fall in population growth.

 

[Kabira]

India per capita income Rs 88533 for 2014-15 according to Economic Survey of India 2014-15 document.

http://indiabudget.nic.in/es2014-15/estat1.pdf

Which mean India gdp per capita is $1390 for FY 2014-15. GDP Rs124.96 trillion which is $1.961 trillion.

Again,this doesn't account the undocumented GDP.Which will push Pakistan GDP to 400ish billion dollars with base year change but will also harm govt tax to gdp ratio,investment to GDP ratio etc

As per this 1513$ per capita income,the Pakistan GDP stand at 285-288Billion dollars.

Question,with change in base year,will we surpass even Sri lanka in per capita income or not?

Pakistan GDP per capita is already higher now.

The Parliament was informed today that India's per capita income increased 37.6% to Rs. 88,533 in the last four years to 2014-15.

Per capita income rises 37% to Rs. 88533 in 4 years: Govt

Official report

http://indiabudget.nic.in/es2014-15/estat1.pdf

Per capita income rises 37% to Rs. 88,533 in 4 years: Govt

Per capita income rises 37 per cent to Rs 88,533 in last 4 yrs | Deccan Chronicle

Ghareeb logh

286 billion. 28.92 trillion is only achievable in dreams by 2014-15

28.92 trillion in rupees.

 

[The Great One (Mod ver)]

oil dont come in kilos.

Yes they do, and with good reason - matter expands with increasing heat.............. doesn't change mass. They do the same in F1

 

[Umair Nawaz]

Yes they do, and with good reason - matter expands with increasing heat.............. doesn't change mass. They do the same in F1

Oil as a liquid is calculated in liters.

 

[Psychic]

A factory worker roughly earns 12000 to 15000 a month while working 12 hours a day=120 to 150 USD.
5 Person family.
Price of 40 kg Flour bag is RS1600(15.71USD)
Price of 5 kg Dalda oil/ghee is 850(8.34USD)
Price of 5 kg sugar 275(2.70USD)
Electricity bill atleast 1500 to 2000 in summer(19.63USD).
GAS bill RS 300(2.95USD)
Milk 1 liter 70 to 100 Rs (1 USD)
Water for usage 1000 to 1500 (14.73)
Daily cooking cost of vegatbles upto Rs 150=30x150=4500 (44.18USD )
Total=109 USD
This is billing without house rent,school tuition fee and any medical problem for 5 member family which we all know working class has minimum family members 5 and up to 12.
This all calculation is without any problems add extra family members and house rent which is not less then 4000 in any industrial city,and count is it enough to survive in case of any strike or medical problem
@syedali73 and @Akheilos please tell me if i am wrong do you think in current inflation in Pakistan 120 to 150 USD are enough.

The problem is that an average Pakistani is an idiot who buys every food stuff from the market.
You can grow vegetables in your home. You can keep a few hens in your house as a source of eggs and meat. If your house is just a little more spacious, you can even keep a goat which will satisfy the milk requirements.
This would greatly reduce the expenses of a low class or middle class family but we want to purchase everything from market which increases our expenses manyfolds.

 

[The Great One (Mod ver)]

Oil as a liquid is calculated in liters.

Ab bol

Cars may use no more than 100kg of fuel in each race

Fuel, fuel usage and refuelling
Google kar le

 

[syedali73]

The problem is that an average Pakistani is an idiot who buys every food stuff from the market.
You can grow vegetables in your home. You can keep a few hens in your house as a source of eggs and meat. If your house is just a little more spacious, you can even keep a goat which will satisfy the milk requirements.
This would greatly reduce the expenses of a low class or middle class family but we want to purchase everything from market which increases our expenses manyfolds.

Unfortunately most lower-middle and middle class Pakistanis now live in multi-story apartments (aka suffocating pigeon holes), specially in large cities, hence cant do what your are suggesting, even if they want to.

I was a little shocked when my parents came to UK for my graduation and they told me that the milk in UK was cheaper than in Pakistan- this was in 2010 I think....so yes it is unreasonable

Pakistan is rated as most expensive country in South Asia. Well, that was some 5 years ago, but last year I was in Islamabad and I believe it (not talking about markets in posh areas) was more expensive than in Malaysia.

 

[yesboss]

Again,this doesn't account the undocumented GDP.Which will push Pakistan GDP to 400ish billion dollars with base year change but will also harm govt tax to gdp ratio,investment to GDP ratio etc

As per this 1513$ per capita income,the Pakistan GDP stand at 285-288Billion dollars.

Question,with change in base year,will we surpass even Sri lanka in per capita income or not?

When would this change in base year going to happen?