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World Bank ranks Guyana second poorest in Caricom- per capita

On basis of per capita income…World Bank ranks Guyana second poorest in Caricom

DECEMBER 30, 2013 · – Stabroek News  · Stabroek News COMMENTS

With a Gross National Income (GNI) of just US$3, 410 per capita, the World Bank in its 2014 World Development Report rated Guyana among the least wealthy in CARICOM.

This figure is in stark contrast to that of Guyana’s fellow CARICOM country, The Bahamas, whose  GNI is recorded as US$21,280 per capita, making it the wealthiest CARICOM country.

According to the World Bank, Guyana is the second poorest country in Caricom but far ahead of Haiti, which has a GNI of US$760 per capita. “For 2012, the economy expanded by 3.7% down from 4.5% in 2011 and 4.4% in 2010.” The Bank however noted the economy’s expansion in 2013 which it attributed to increased activity in rice and gold production, as well as improvement in the manufacturing sector.   Continue reading

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