quote:

Originally posted by caribj:
Give Bdos credit. They have a stable environment which attracts foreign investors which has delivered a high standard of living for its people.

quote:

Originally posted by caribj:
Why not and after oil you will still be behind Barbados as the PPP will steal most of it and shift it to their a/c in Miami.

quote:

Originally posted by Rev Al:

quote:

Originally posted by caribj:
Give Bdos credit. They have a stable environment which attracts foreign investors which has delivered a high standard of living for its people.

Carib bhai:

Credit must, indeed, be given to Barbados---their GDP growth rate until 2007 was remarkable.

But 78% of the Barbadian economy is service related--and since 2008 Barbados has struggled.


COMPARING BARBADOS & GUYANA GDP GROWTH RATE SINCE 2008:


YEAR....BARBADOS....GUYANA

2008.....-0.18%.......2.6%

2009.....-4.68%.......3.3%

2010.......0.34%......3.6%

2011.......2.0%.......4.7%


Guyana's GDP gowth rate will continue in an upward trajectory in the coming years---Barbados will continue to struggle.

But no question about it---Barbados has a delightful success.

Rev

quote:

Originally posted by caribj:
Rev Al. Here is the deal 5% on 2,000=2,100. -1% on 4,000=3,960.

So Barbados, 166 squares miles on dry and almost barren soil with one third the population of Guyana has an economy which is at least double ours, despite our fertile soils, not all cultivated, and vast untapped potential in all forms of agriculture, mining, and forestry and the possibilities of manufacturing spin offs.

quote:

Originally posted by Rev Al:
Guyana's economy is more diversified---agri, industry, service, etc---and with major foreign direct investments in the pipeline---Guyana will see some welcome growth in the next 5 years.

Rev

quote:

Originally posted by caribj:
Arent you embarrassed that 300k people in 166 sq miles produce double what 750K people on 83k squares miles do?

quote:

Originally posted by Henry:


Except that they don't. Their so-called GDP is mainly tips from giving shoe shines to British tourists.

quote:

Originally posted by caribj:
So why then is the GDP of Barbados over 2X that of Guyana? Arent you embarrassed that 300k people in 166 sq miles produce double what 750K people on 83k squares miles do?

quote:

Originally posted by Rev Al:
carib:

You need to educate yourself more about how GDP is calculated.

I'm sure you already know that GDP represents the total economic output of a country---the value of all goods and services produced.

Now, in current prices, Guyana's GDP per capita is $2945; Barbados $11,718

Does that mean the people of Barbados are 3.98 times more productive than the people of Guyana ?

ABSOLUTELY NOT!

The majority of the Barbadian GDP is derived from tourism, business, and finance.

Check this:

Let's say 300,000 tourists visited Brabados in 2011---and let's assume each spent on hotel, food, shopping, airline, etc, etc---$3350----what contribution did those 300,000 tourist make to the barbadian GDP ?

ANS: Over 1 billion dollars


So dont chat nonsense to the Rev about the people of Barbados being 3.9 times more productive than the people of Guyana.


If you were to tell me that the service sector in Barbados is waaaay more productive than the agriculture and industrial sectors in Guyana in GDP contribution you won't get any argument from me---but cut the crap about Bajans being more productive than Guyanese.

Rev

quote:

Originally posted by caribj:

quote:

Originally posted by BGurd_See:

Again Whites and other foreign investors in the tourist industry is responsible for higher per capita. ahahhahaah

haiti has better beaches than barbados and is closer to the USA. Yet you know how poor they are.

Give Bdos credit. They have a stable environment which attracts foreign investors which has delivered a high standard of living for its people.

quote:

Originally posted by caribj:

quote:

Originally posted by Rev Al:
carib:

You need to educate yourself more about how GDP is calculated.

I'm sure you already know that GDP represents the total economic output of a country---the value of all goods and services produced.

Now, in current prices, Guyana's GDP per capita is $2945; Barbados $11,718

Does that mean the people of Barbados are 3.98 times more productive than the people of Guyana ?

ABSOLUTELY NOT!

The majority of the Barbadian GDP is derived from tourism, business, and finance.

Check this:

Let's say 300,000 tourists visited Brabados in 2011---and let's assume each spent on hotel, food, shopping, airline, etc, etc---$3350----what contribution did those 300,000 tourist make to the barbadian GDP ?

ANS: Over 1 billion dollars


So dont chat nonsense to the Rev about the people of Barbados being 3.9 times more productive than the people of Guyana.


If you were to tell me that the service sector in Barbados is waaaay more productive than the agriculture and industrial sectors in Guyana in GDP contribution you won't get any argument from me---but cut the crap about Bajans being more productive than Guyanese.

Rev

Rev forget about airline travel as they arrive on foreign carriers. Now when last I checked the tourists paid for services rendered. They stayed in hotels, they spent money in restaurants, went on tours, etc, and these expenditures, minus leakages, were converted to GDP. Remember that with high foreign ownership, and massive use in imported inputs there is much leakage from the tourism sector. Yet their GDP is 2X Guyana.

You put Guyana in an even MORE negative light.

quote:

Originally posted by caribj:
Rev forget about airline travel as they arrive on foreign carriers

quote:

International banking and financial houses have been attracted to Barbados as a result of its tax incentives, the high quality of professional services and the reputation of Barbados as a reputable Offshore Banking Center.

Summary of benefits

Tax at the rate of 1% (on profits over US$15 million), up to 2.5% (profits up to US$5 Million)
No direct tax or capital gains
No withholding tax
No exchange control

Link

quote:

Originally posted by caribj:
On the other hand when your North Korean "hero" force shis people to march that doesnt.