T&T 3rd Richest Country in the Western Hemisphere

[Habit7]

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

Why not?

PP upgrade 200-300m of the Diego Martin Highway; "PP build Diego Martin Highway"
PP repair bridges and roads in South, for villagers who work at world class methanol and ammonia plants and Petrotrin; "PP develops South after years of neglect"
PP inherit a stable thriving economy; "PP saves the economy from the brink of failure"

By continuing the energy policies that they met, TT's GDP is on cruise control since 2008. Since then based on GDP per capita it has been musical chairs with Bahamas, Barbados and us for 3rd, 4th and 5th place behind USA and Canada.

Our country has always produced a lot of goods and service relative to our population size. what need now is to score higher HDIs along with GDP.

[teems1]

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

Why not?

PP inherit a stable thriving economy; "PP saves the economy from the brink of failure"

.

wait, what?

The Clico meltdown which cost taxpayers tens of billions so far happened in 2009 under the PNM. Investor confidence was at an all time low with S&P threatening the A/A-1 foreign-currency and A+/A-1 local-currency sovereign credit ratings.

I'd be daft to say the PP inherited a stable thriving economy.

At least try to be unbiased, otherwise you sound just as retarded as UML et al.

[sliderz1]

[Habit7]

Clico may have a meltdown in 2009 but they were galavanting since 15 years before that. In fact they were the alleged source of Panday's London bank acc.

Clico's meltdown was big but not big enough to upset the trini apple cart. The fact that we had those ratings in the first place and didn't lose it is fact that it was stable.

Financial stability issues in Trinidad and Tobago
Ladies and Gentlemen, this brings me to my second point. We, in Trinidad and Tobago, must
be mindful of the challenges that the turbulent global economic environment poses and while
our focus is growth, we must recognize the need for financial discipline.

As I indicated before, Trinidad and Tobago has not been immune from severe threats to
financial stability, arising from the global financial crisis, the CL Financial debacle, and the
prolonged domestic economic slowdown which started in 2009.

Notwithstanding these difficulties, banks which dominate the financial system in Trinidad and
Tobago remain very well capitalized even during the crisis. As at March 2012, commercial
banks’ regulatory capital to risk-weighted assets stood at over 25 percent from 20 percent in
2009, and well above the statutory minimum requirement of 8 percent. These capital
adequacy ratios are among the highest in the Caribbean region.

Jwala Rambarran, 2012
http://www.bis.org/review/r120911b.pdf

BTW you have a bias, I have a bias, let's not fool ourselves here.

[VII]

GDP only tells part of the story,GDP assumes that every citizen has access to the kind of funds in the GDP per capita figure,it's just a simple and simplistic calculation..like average.

But the reality is what generates 50% of GDP only employs 5% of the workforce,hence the high poverty and menial levels even with our admirable GDP/Per capita figure.

Although T&T is in a much better financial position than both Canada,US(even UK),this thread implies that because they have a higher GDP,it means that they're 'richer'. There are also countries with lower GDP's where people in general enjoy a higher standard of living and better quality of life,there are flip sides to all these situations,the same can apply to nations with higher GDP(s)per capita with even higher GDP to debt ratios.

The more pertinent factor is REAL distribution of income,and that's what makes a country rich,not some sterile calculation..

The US,UK and many more actually have a debt higher than overall GDP and higher than GDP per capita....it's to say that when calculated each citizen share of the debt is actually higher than the great 'GDP' 'per capita' rant...See link below.

http://en.wikipedia.org/wiki/List_of_co ... ernal_debt

Check out those per capita/person and percentage of GDP figures for some of them!!