This is very notable when you visit Guyana. Guyana has a greater population than any of the caribbean Islands and the remittances are far more greater too.
They have minerals that the Islands don't have. There is a booming agricultural industry, forestry and fishing., dairy farming, commerce and manufacturing.
This is very notable when you visit Guyana. Guyana has a greater population than any of the caribbean Islands and the remittances are far more greater too.
They have minerals that the Islands don't have. There is a booming agricultural industry, forestry and fishing., dairy farming, commerce and manufacturing.
so tell me . . . why is Suriname with half Guyana's population doing so much better than our PPP paradise?
hmmmm . . . your failing common entrance so many decades ago still resonates [overcompensation, inferiority complex, risible pretense] when contemplating your (far and away) intellectual superiors, eh drugabeer?
Reginae Collegium sic honor ditabit!
har de har har har har har harrr
Yes put that little Saints boy in his place, especially as he only got in because his father bribed somebody.
Skilled and certified RN's are making $62,500 per month. It can barely cover the rent for a rinky dinky apartment in GT.
If they think that you are from "outside" they will even beg you for "a food".
I cant imagine this happening anywhere else in CARICOM (maybe Haiti).
In reality Guyana is the second richest country in Caricom after Trinidad. None of those other countries have anything of significance except nice beaches or nice coffee to attract the white Western dollar.
I agree Guyana has the second best resource base, but we have the second lowest income per capita. If you put Antigua and St Lucia together their GDP is probably higher than Guyana's. Yes on a scant 400 square miles. And yes you are right. Only beaches, not considered of much value these days!!
This is very notable when you visit Guyana. Guyana has a greater population than any of the caribbean Islands and the remittances are far more greater too.
They have minerals that the Islands don't have. There is a booming agricultural industry, forestry and fishing., dairy farming, commerce and manufacturing.
so tell me . . . why is Suriname with half Guyana's population doing so much better than our PPP paradise?
Good question. Don't expect Mr Pradoville 2 to answer.
The world bank needs to give more money for industrial development rather than lend the government money with a blind trust.
It seems to me that the world bank can't manage their money efficiently.
In reality Guyana is the second richest country in Caricom after Trinidad. None of those other countries have anything of significance except nice beaches or nice coffee to attract the white Western dollar.
this is a interesting comment what you is saying guyana is the second richest country but the wealth is not trickling down to the ordinary guyanese so in essence is this because of poor management or the ability to bring the wealth to the people or then again the will not to bring the wealth to the people
This is very notable when you visit Guyana. Guyana has a greater population than any of the caribbean Islands and the remittances are far more greater too.
They have minerals that the Islands don't have. There is a booming agricultural industry, forestry and fishing., dairy farming, commerce and manufacturing.
Drunkie, do you even know what the populations of T&T and Jamaica are?
SOURCE THE WORLD BANK
V. CONCLUSION
Guyana remains at a moderate risk of debt distress ..... This assessment is unchanged from the 2009 Article IV Consultation.
Debt indicators are below their respective thresholds over the projection period in the baseline scenario. The PV of external debt-to-GDP remains however close to its threshold, which requires close attention to its evolution. The sensitivity analysis of both the external and public-sector debt illustrates the great vulnerability of Guyana’s debt dynamics to shocks, in particular to FDI flows and GDP growth.
WHAT SAYS ASS-NI and I know he is reading this BLOG and blogging as a phantom. Irfaat seh suh!
December 30, 2013 · By Stabroek editor
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.
The Bahamas’s economic prosperity, on the other hand, is attributed mostly to its vast tourism sector which accounts for over 60% of the Bahamian Gross Domestic Product (GDP), and creates jobs for more than fifty percent of the country’s workforce.
The island’s financial services sector is the second most vibrant and accounts for about 15% of its GDP.
Guyana was also outperformed by Trinidad and Tobago which registered a GNI of US$14,400 per capita. In fact, the twin-island state has been doing so well that the Organisation for Economic Cooperation and Development (OECD) in 2011 removed it from its list of developing countries.
The country’s economy is driven by its petroleum industry, although its manufacturing and tourism sectors are also very important.
St Kitts and Nevis also did well, registering a GNI of US$13,330 per capita. Tourism and manufacturing are the main drivers behind the twin-island federation’s development, after sugar cultivation, owing to growing production costs and falling world market prices, was reduced. The tourism sector has been doing particularly well, and the island has seen tourist arrivals expand from 379,473 in 2007 to 587,479 in 2009.
It is also tourism which helped Antigua and Barbuda attain its US$12,640 GNI per capita. The country’s tourism sector accounts for more than half of the GDP, although the growing medical schools and its students make very large contributions to the economy.
Guyana’s CARICOM and South American neighbour Suriname achieved a GNI of US$8,480 per capita although its economy fell on hard times during the 1990’s. The country’s ability to beat back economic hardships and register such a relatively high GNI is a result of government initiatives to diversify the economy, and decrease dependence on Dutch financial assistance.
Bauxite mining couple with exploration and exploitation of oil contributes substantially to the country’s GDP, although agriculture and ecotourism are important components.
Ranking closer to Guyana was Jamaica and Dominica with GNIs of US$5,140 and US$6,460 per capita respectively. About 50% of Jamaica’s economy is built on income generated by tourism-related services. At the same time, Jamaica’s economy is a fair mixture of state enterprises and private businesses, while agriculture, financial and insurance services, manufacturing and mining play integral roles in the country’s economy.
Meanwhile, Dominica, whose economy historically depended largely upon gains from its banana and other agricultural endeavours, came back from the brink of a financial crisis in 2003 and 2004 to experience growth levels of 3.5 percent and 4.0 percent in 2005 and 2006 respectively.
Growth in 2006 in particular, was said to be the fruit of macroeconomic reforms pursued by government, which saw new ground gained in construction, tourism, offshore services and some sectors of the country’s banana industry.
I wonder what the 2014 budget doing about our status at the bottom of the economic ladder in the Caribbean?
even little Suriname outpacing Guyana...only country worse than Guyana is Haiti, which was hit with some severe hurricanes...
What is the current Govt doing besides filling their pockets?
Those idiots bragging about growth of 5% should take the reality of our poverty into consideration. I hope every Guyanese who read this take the time to remind that crook I-fart by throwing a rock at his pool house that he is better at thieving than truth telling.
PPP mussi thanking Haiti every day for joining Caricom so they don't have to be last on every human development index among Caricom countries.
Who made Guyana so poor?
Who made Guyana so poor?
Burnham and Cheddi foisted their brand of communism on Guyana and sent it down the shithole. They nationalized key industries with no capital or expertise to replace the former owners and true to form, these industries fell apart and became unprofitable. Nationalization also scared away any potential new investors in the country, halting the flow of FDI and thereby curtailing any new investment of capital and technology. At the same time, the local business class, fearing nationalization of their own wealth, withdrew millions from the economy and ran to North America. Another major loss of investment in the Guyana economy. Throw in the oil crisis of the 1970's and there is your recipe for disaster.
Donkey Cart economist, Carl Greenidge the man who bankrupt Guyana is the AFC's new-found hero.
Donkey Cart economist, Carl Greenidge the man who bankrupt Guyana is the AFC's new-found hero.
The downward spiral in the Guyana economy was set in motion long before Greenidge became Finance Minister. By the time he inherited it, the economy had already exploded.
Who made Guyana so poor?
Burnham died 30 years ago. the PPP had 22 years to fix it, and have filed to do so even though Guyana has been given much more help in obtaining concessional loans, and benefitting from debt writeoffs. The most other CARICOM countries (excluding Haiti) is a debt reschedule. They still have to repay, just on less onerous terms.
I will also add the obvious and that is Guyana has ample gold which provided a US $500 million headstart over every one else.
Sorry you have run out of excuses.
Who made Guyana so poor?
Burnham and Cheddi foisted their brand of communism on Guyana and sent it down the shithole. They nationalized key industries with no capital or expertise to replace the former owners and true to form, these industries fell apart and became unprofitable. Nationalization also scared away any potential new investors in the country, halting the flow of FDI and thereby curtailing any new investment of capital and technology. At the same time, the local business class, fearing nationalization of their own wealth, withdrew millions from the economy and ran to North America. Another major loss of investment in the Guyana economy. Throw in the oil crisis of the 1970's and there is your recipe for disaster.
I am glad that you link Burnham and Cheddi because every time a company was nationalized the Jagans became consumed with orgasms of glee, as instructed by their bosses in Moscow and Havana. Their only sorrow is that they weren't the ones to do this, because it isn't apparent that Janet running Guyana in the 70s would have been any different.
Understand why Guyana still poor asrse
Guyana King midas touching the country like how he touch Kwambe.
Guess what, it all turn to shte.
Understand why Guyana still poor asrse
Guyana King midas touching the country like how he touch Kwambe.
Guess what, it all turn to shte.
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