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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Caribbean 2020: Voters Tough Choices in Elections in Six Countries
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VOTERS TOUGH CHOICES
Six key Caribbean Community nations will hold general elections this year and in at least three of them, the economy and racial tensions will be key campaign issues. Also in the same three — Guyana, Suriname and Trinidad — the incumbents face tough reelection battles from upstart opposition parties or groups. Voting along ethnic lines has traditionally been a key factor in these three and could determine outcomes.
Guyana which just weeks ago became one of the world’s newest crude oil exporters, will most likely go to the polls first among the seven with the March 2 date set by incumbent President David Granger since last year. Parliament has already been dissolved. Continue reading →
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