T&T is second richest in Caribbean

T&T is second richest in Caribbean

Published: Sunday, December 22, 2013


T&T has been ranked second among the top ten wealthy Caribbean nations based on Gross National Income (GNI), according to a report by the World Bank. In its 2014 World Development Report, the World Bank used the GNI to measure the wealth of Caribbean nations. The information is data of the bank’s main criterion for classifying economies, the gross national income (GNI) per capita.

The GNI per capita is the gross national income of a country divided by its total population. It is also the sum of value added by all resident producers, plus any product taxes (less subsidies) not included in the valuation of output, plus net receipts of primary income (compensation of employees and property income) from abroad, according to the World Bank. Bahamas grabbed the top spot with a GNI of $21,280.


The full list based on the World Bank report:
• Bahamas    $21,280
• Trinidad    $14,400
• Antigua    $12,640
• Suriname    $8,480
• Grenada    $7,110
• St Lucia    $6,530
• Dominica    $6,460
• St Vincent and the Grenadines    $6,380
• Jamaica    $5,140

 
GNI  is a bullshit  way to measure how wealthy a country is.
How can you throw in some  millionaires wealth and add to poor people income and divide it by the population and determine that this is the average income?
I believe the PPP is the best way to measure wealth  ... People  Purchasing Power