That we have made such strides since 1992 despite the dire economic circumstances which prevailed for 28 years prior should be lauded. It is the PPP/C's management of the economy which resulted in this. The sad thing though is that the APNU/AFC alliance is currently seeking to put a halt to all this

THEE PPP TAKING GUYANA ALL THE WAY TO THE MOON. SWEET, SWEET GUYANA. SWEET, SWEET GUYANA FROM ORONOCO TO SKELDON, FROM BARTICA TO MATTHEWS RIDGE, GUYANA TOO SWEET.

Nehru, come with me to Guyana, the headline numbers tell a mixed tail.  There is enormous disparity in the distribution of wealth.  While there is unprecedented wealth accruing to a very few, there is immense poverty is large areas comparable to the darkest of the PNC days.

I hear you Baseman but I would like you to investigate the reason for such Poverty. Most Guyanese has the freedom and potential to elevate themselves, many waiting on GOVT to do it for them.

What is lamentable is the fact that none of the supposedly 'independent' local dailies carried this newsworthy story. We know they are always digging for reports but what this and previous actions show is that they only highlight the ones which paint Guyana or the government in a negative light. 

There are positives and there are negatives.

But why aren't they giving the positives with the same amount of exposure?

Uncle Albert, KN is necessary as a ASS WIPE.

I agree with you.  They could turn this in their favour highlighting wealth distribution issues, but the headline facts are what they are.

 Dude, who are you lying to? Do you think beating nations with a dollar a day earning power means we are rich? Tell th at to the 40 percent just beating the 2 dollar a day earning power

Well, it is one benchmark, but you are correct, distribution is another critical factor. We need to take it for what its worth and move to the next question.

Why not use the actual GDP per capita as after all Guyana is a very open economy so if what we produce is of little value to the rest of the world that it matters not what PPP GDP indicates.   We remain poor.

And those who doubt this need to tell me why real estate in Guyana is often priced in US$.

Noooo, come on Caribj, the world uses PPP as a fair benchmark.  Stop being a sour puss.  US minimum wage is poverty level in the US but mid-class in Guyana.

The PPP is not a reasonable comparison for small nations like Guyana which imports most of what it consumes, and exports most of what it produces.  If a Guyanese earns US$2 then what is important is how much can this dollar purchase of overseas goods and services. Even if some one purchases a local product in Guyana its likely to have a high % of foreign input, particularly as we are almost 100% dependent on imported energy.

So I dont care what the stats say.  Guyana remains poorer than even Dominica.

This is as nonsensical as defining poverty in Guyana, using the $2/day criteria when most Guyanese have to pay rent/mortgages and operate within a money based economy and cannot survive decently on such a meager income.

In any cas e I question how consistent the criteria to convert nominal to PPP, as we can see big changes if one tracks these over a period of years.  Obviously there are frequent adjustments so year on year comparisons arent always possible.

And bTW we have the same nonsense in the USA when criteria which defines poverty in Arkansas is used to define who is poor in a high cost state like NYC.  Poor people in NYC need to find $1,500/month to house themselves and kids in a 3 BR apartment.  That can buy a mansion in many states.

Caribj, the PPP indicator is determined by the UN/IMF and takes all what you say into account.  So, you have to be a bit more objective on the indicator...at least.

And since when you think that the IMF means well for third world countries.  Bureaucrats sitting down behind desks looking at data.

Guyanese know full well that if gold prices were high they would be starving so the IMF can cite what ever they want. Blighted Bajans with high levels of unemployment arent pouring into Guyana.

You and AFC's Gerhard Ramsaroop should form a common dancing alliance.