T&T 3rd Richest Country in the Western Hemisphere

[neilsingh100]

T&T according to IMF & World Bank is the third richest country in the western hemisphere behind the United States and Canada
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

[sliderz1]

checks spotters thread for new supercar

[desifemlove]

3rd highest?

meh....i does tink GDP per capita is not a good measure..

[neilsingh100]

If you use luxury cars per capita we might be #1

[kjaglal76v2]

T&T according to IMF & World Bank is the third richest country in the western hemisphere behind the United States and Canada
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

well done People's Partnership

[zoom rader]

Awaits for the Habit7 to blame it on deficit spending .

[1UZFE]

3rd highest?

meh....i does tink GDP per capita is not a good measure..

Yeah its only economists and accts with chitload of experience uses this measure. Who is dem??

[Duane 3NE 2NR]

GDP per capita is not a good measure..

what? why?

[j.o.e]

T&T according to IMF & World Bank is the third richest country in the western hemisphere behind the United States and Canada
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

well done People's Partnership

yup 2012 GDP is based on the PP intervention....Kams made a miracle in <2 yrs. Sheep so entertaning.

[desifemlove]

3rd highest?

meh....i does tink GDP per capita is not a good measure..

Yeah its only economists and accts with chitload of experience uses this measure. Who is dem??

And "only economists and accts with chitload of experience" say as such....

read an econ textbook and get back nah...

[1UZFE]

No need to edify myself. Its jus u...

[black start]

my bank account says otherwise....

[orangefox]

T&T according to IMF & World Bank is the third richest country in the western hemisphere behind the United States and Canada
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

well done People's Partnership

yup 2012 GDP is based on the PP intervention....Kams made a miracle in <2 yrs. Sheep so entertaning.

Yep Kam need another 10 years ..

The Plan working real good so far ..

[desifemlove]

No need to edify myself. Its jus u...

eh? i jus made a point..meh, do what yuh want i doh care...

[orangefox]

No need to edify myself. Its jus u...

eh? i jus made a point..meh, do what yuh want i doh care...

Attitude !

Typical .. Ba ! Hahahaha

[~Vēġó~]

nice nice...

[Cantmis]

We need to up our juice exports to reach #1

[sonygoup]

This interesting and all but op did you edit that wiki page?

[Lance]

GDP per capita is not a good measure..

what? why?

GDP per capita has serious limitations, especially for our context.

Firstly, it gives no consideration to income distribution or equality.

Also, in our context it becomes a little more tricky given the extractive nature of the economy (50% of GDP attributed by petrochemicals?).

It is further complicated by the high concentration of MNE activity in said industry as GDP measures the value of goods and services produced within the country. It does not account for rent appropriation.

[BRZ]

supposedly about 2 -1/2% of the population living large-mostly due to corrupt govt connections and contracts!

[STORM1234]

if it were another gubberment we would have been number one instead of number three.

[sliderz1]

if it were another gubberment we would have been number one instead of number three.

gil gil gil gil

[Allergic2BunnyEars]

GDP per capita is not a good measure..

what? why?

I have an issue with some per capita measurements. Maybe not in this instance but say in terms of emissions per capita Trinidad and Tobago is in the top 10 worldwide. Doesn't mean volume wise we are anywhere near the top ten for example but the per capita measurement is thrown around to suggest we need to prioritize certain things like how it is for other countries when realistically it isn't that serious.

[desifemlove]

No need to edify myself. Its jus u...

eh? i jus made a point..meh, do what yuh want i doh care...

Attitude !

Typical .. Ba ! Hahahaha

lolol....he's angry, or probably not well-educated....not my issue on both counts...

[desifemlove]

GDP per capita is not a good measure..

what? why?

cos it's just a crude average....for living standards, you have to take into account education, healthcare. we'd still be high up in the Americas but NOT third, Bajans and Bahamas in CARICOM alone would be higher on both education/healthcare.

[Racegod]

hmmm... paycheck does not reflect the same... neither does my grocery bill...

[desifemlove]

GDP per capita is not a good measure..

what? why?

GDP per capita has serious limitations, especially for our context.

Firstly, it gives no consideration to income distribution or equality.

Also, in our context it becomes a little more tricky given the extractive nature of the economy (50% of GDP attributed by petrochemicals?).

It is further complicated by the high concentration of MNE activity in said industry as GDP measures the value of goods and services produced within the country. It does not account for rent appropriation.

And trini had high GDP per capita under PNM...UNC can't take credit!!

[Lance]

Trinidad could be run by monkeys and the GDP will still be astronomically high. This is purely based on the extractive industry.

Equatorial Guinea has a GDP/Capita of over 25,000. We should all move there.

When our GDP is driven by industries outside oil and gas then I would be truly impressed.

[zoom rader]

Trinidad could be run by monkeys and the GDP will still be astronomically high. This is purely based on the extractive industry.

Equatorial Guinea has a GDP/Capita of over 25,000. We should all move there.

When our GDP is driven by industries outside oil and gas then I would be truly impressed.

Equatorial Guinea is also driven by oil and gas and has one of the worst human rights abuse so what's your point .

[Allergic2BunnyEars]

Trinidad could be run by monkeys and the GDP will still be astronomically high. This is purely based on the extractive industry.

Equatorial Guinea has a GDP/Capita of over 25,000. We should all move there.

When our GDP is driven by industries outside oil and gas then I would be truly impressed.

Equatorial Guinea is also driven by oil and gas and has one of the worst human rights abuse so what's your point .

That was his point. GDP per capita doesn't mean much when taken out of context.