:) *I am smiling sooo much right now!* PROUD to be BAHAMIAN!

Bahamas is the richest in the region, for now


By TERENCE MURRELL, Guardian Business Editor

tmurrell@nasguard.com

A popular Web site has compiled a list of the 10 richest independent countries in the Caribbean, and as expected, The Bahamas came out on top.

Aneki.com, a well-known independent Canadian Web site which derives its information from numerous sources, including United Nations agencies and the United States' Central Intelligence Agency's World Factbook, ranked The Bahamas at number one with a $21,300 per capita gross domestic product (GDP). Oil-rich Trinidad and Tobago was ranked as the second richest with a GDP of $19,700, a position which would usually have been held by Barbados, which ranks at number three with a GDP of $18,200. Antigua and Barbuda, St. Kitts and Nevis, Dominican Republic, St. Lucia, Jamaica, Cuba and Grenada were among the 10 in descending order. An interesting observation which can be made about the list, however, is the rise of Trinidad and Tobago as a regional economic power.

That country is now the fifth largest exporter of liquefied natural gas (LNG) in the world. The expansion of Atlantic LNG over the next four years could create the largest-single sustained phase of economic growth in the twin-island republic. It has become the leading exporter of LNG to the United States, supplying approximately 70% of the market. In 2006, unemployment fell to 5% down from 6.7% in 2005. Trinidad and Tobago's economic growth in 2006 reached a staggering 12.6% as prices for oil, petrochemicals, and liquefied natural gas remained high, and foreign direct investment continued to grow to support expanded capacity in the energy sector.

According to the Department of Statistics, Bahamas' GDP grew by an estimated 4.2 per cent in current prices and 3.4 per cent in constant prices in 2006,

Gross Domestic Product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.

In the category of richest countries in the world, Luxembourg came in first with $68,800 per capita. Equatorial Guinea, United Arab Emirates, Norway, Ireland, United States, Andorra, Iceland, Denmark and Austria were in descending order on the list.

Aneki.com is an independent, privately operated website based in Montreal, Canada. We are dedicated to promoting wider knowledge of the world's countries and regions. Our website serves as a comprehensive source of continental and world rankings in an increasing number of categories. The data for our compilations is derived from numerous sources including United Nations agencies and the United States' Central Intelligence Agency's World Factbook.

:) *I am smiling sooo much right now!* PROUD to be BAHAMIAN!
Bahamas is the richest in the region, for now
By TERENCE MURRELL, Guardian Business Editor
tmurrell@nasguard.com
A popular Web site has compiled a list of the 10 richest independent countries in the Caribbean, and as expected, The Bahamas came out on top.
Aneki.com, a well-known independent Canadian Web site which derives its information from numerous sources, including United Nations agencies and the United States' Central Intelligence Agency's World Factbook, ranked The Bahamas at number one with a $21,300 per capita gross domestic product (GDP). Oil-rich Trinidad and Tobago was ranked as the second richest with a GDP of $19,700, a position which would usually have been held by Barbados, which ranks at number three with a GDP of $18,200. Antigua and Barbuda, St. Kitts and Nevis, Dominican Republic, St. Lucia, Jamaica, Cuba and Grenada were among the 10 in descending order. An interesting observation which can be made about the list, however, is the rise of Trinidad and Tobago as a regional economic power.
That country is now the fifth largest exporter of liquefied natural gas (LNG) in the world. The expansion of Atlantic LNG over the next four years could create the largest-single sustained phase of economic growth in the twin-island republic. It has become the leading exporter of LNG to the United States, supplying approximately 70% of the market. In 2006, unemployment fell to 5% down from 6.7% in 2005. Trinidad and Tobago's economic growth in 2006 reached a staggering 12.6% as prices for oil, petrochemicals, and liquefied natural gas remained high, and foreign direct investment continued to grow to support expanded capacity in the energy sector.
According to the Department of Statistics, Bahamas' GDP grew by an estimated 4.2 per cent in current prices and 3.4 per cent in constant prices in 2006,
Gross Domestic Product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.
In the category of richest countries in the world, Luxembourg came in first with $68,800 per capita. Equatorial Guinea, United Arab Emirates, Norway, Ireland, United States, Andorra, Iceland, Denmark and Austria were in descending order on the list.
Aneki.com is an independent, privately operated website based in Montreal, Canada. We are dedicated to promoting wider knowledge of the world's countries and regions. Our website serves as a comprehensive source of continental and world rankings in an increasing number of categories. The data for our compilations is derived from numerous sources including United Nations agencies and the United States' Central Intelligence Agency's World Factbook.


Not bad at all. I wonder what that statistic would be for the Miami area. I just read in the Sun Times that the poverty rate here in Miami Dade is around 12% (pretty high for rich america)

Not bad at all. I wonder what that statistic would be for the Miami area. I just read in the Sun Times that the poverty rate here in Miami Dade is around 12% (pretty high for rich america)


I bet the poverty rate in villages such as Adelaide and Gambier is much higher than New providence on the whole.

Good story..

Here's the rub...

"The Bahamas' GDP grew by 4.3%."

Other developing countries in the world are growing at 6-9% WITHOUT OIL!. A few are in double digits.

"But das only a couple of % points Sunny! Stop wit ya nerse!", you all say.


In the world % growth is KING. We are rich now. To STAY rich, we have to diversify this economy and get our economy growing. There is no reason why we can't grow at an 10% clip and keep inflation in line given our proximity to the US and our advantage over our island neighbors.

I know no one will really read my post as yinna are tired of my ravings, but I rave on! LOL!

Good story..

Here's the rub...

"The Bahamas' GDP grew by 4.3%."

Other developing countries in the world are growing at 6-9% WITHOUT OIL!. A few are in double digits.

"But das only a couple of % points Sunny! Stop wit ya nerse!", you all say.


In the world % growth is KING. We are rich now. To STAY rich, we have to diversify this economy and get our economy growing. There is no reason why we can't grow at an 10% clip and keep inflation in line given our proximity to the US and our advantage over our island neighbors.

I know no one will really read my post as yinna are tired of my ravings, but I rave on! LOL!


I'm listening to you - you crazy old coot - chasing windmills and thinking the sky is falling on your head... :D

Just kidding - you are of course correct. We have some good news in this article, lets capitalize on it and get some positive momentum going...

Good story..

Here's the rub...

"The Bahamas' GDP grew by 4.3%."

Other developing countries in the world are growing at 6-9% WITHOUT OIL!. A few are in double digits.

"But das only a couple of % points Sunny! Stop wit ya nerse!", you all say.


In the world % growth is KING. We are rich now. To STAY rich, we have to diversify this economy and get our economy growing. There is no reason why we can't grow at an 10% clip and keep inflation in line given our proximity to the US and our advantage over our island neighbors.

I know no one will really read my post as yinna are tired of my ravings, but I rave on! LOL!

that 4.3 will more than likely be less when you factor in inflation...sad thing is if the plp was in power they would have took this and run with it(making a mountain out of an ant hill...


keep raving sunny!

:) *I am smiling sooo much right now!* PROUD to be BAHAMIAN!
Bahamas is the richest in the region, for now
By TERENCE MURRELL, Guardian Business Editor
tmurrell@nasguard.com
A popular Web site has compiled a list of the 10 richest independent countries in the Caribbean, and as expected, The Bahamas came out on top.
Aneki.com, a well-known independent Canadian Web site which derives its information from numerous sources, including United Nations agencies and the United States' Central Intelligence Agency's World Factbook, ranked The Bahamas at number one with a $21,300 per capita gross domestic product (GDP). Oil-rich Trinidad and Tobago was ranked as the second richest with a GDP of $19,700, a position which would usually have been held by Barbados, which ranks at number three with a GDP of $18,200. Antigua and Barbuda, St. Kitts and Nevis, Dominican Republic, St. Lucia, Jamaica, Cuba and Grenada were among the 10 in descending order. An interesting observation which can be made about the list, however, is the rise of Trinidad and Tobago as a regional economic power.
That country is now the fifth largest exporter of liquefied natural gas (LNG) in the world. The expansion of Atlantic LNG over the next four years could create the largest-single sustained phase of economic growth in the twin-island republic. It has become the leading exporter of LNG to the United States, supplying approximately 70% of the market. In 2006, unemployment fell to 5% down from 6.7% in 2005. Trinidad and Tobago's economic growth in 2006 reached a staggering 12.6% as prices for oil, petrochemicals, and liquefied natural gas remained high, and foreign direct investment continued to grow to support expanded capacity in the energy sector.
According to the Department of Statistics, Bahamas' GDP grew by an estimated 4.2 per cent in current prices and 3.4 per cent in constant prices in 2006,
Gross Domestic Product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.
In the category of richest countries in the world, Luxembourg came in first with $68,800 per capita. Equatorial Guinea, United Arab Emirates, Norway, Ireland, United States, Andorra, Iceland, Denmark and Austria were in descending order on the list.
Aneki.com is an independent, privately operated website based in Montreal, Canada. We are dedicated to promoting wider knowledge of the world's countries and regions. Our website serves as a comprehensive source of continental and world rankings in an increasing number of categories. The data for our compilations is derived from numerous sources including United Nations agencies and the United States' Central Intelligence Agency's World Factbook.

they need to do a survey as to per capita how many Bahamians own land or have a business, or have a savings account with at least 1000 dollars in it...

Equatorial Guinea, formerly Spanish Guinea, consists of Río Muni (10,045 sq mi; 26,117 sq km), on the western coast of Africa, and several islands in the Gulf of Guinea, the largest of which is Bioko (formerly Fernando Po) (785 sq mi; 2,033 sq km). The other islands are Annobón, Corisco, Elobey Grande, and Elobey Chico. The total area is twice that of Connecticut.

Government
Dictatorship.

History
The mainland was originally inhabited by Pygmies. The Fang and Bubi migrated there in the 17th century and to the main island of Fernando Po (now called Bioko) in the 19th century. In the 18th century, the Portuguese ceded land to the Spanish that included Equatorial Guinea. From 1827 to 1844, Britain administered Fernando Po, but it was then reclaimed by Spain. Río Muni, the mainland, was not occupied by the Spanish until 1926. Spanish Guinea, as it was then called, gained independence from Spain on Oct. 12, 1968. It is Africa's only Spanish-speaking country.

From the outset, President Francisco Macías Nguema, considered the father of independence, began a brutal reign, destroying the economy of the fledgling country and abusing human rights. Calling himself the “Unique Miracle,” Nguema is considered one of the worst despots in African history. In 1971, the U.S. State Department reported that his regime was “characterized by abandonment of all government functions except internal security, which was accomplished by terror; this led to the death or exile of up to one-third of the population.” In 1979, Nguema was overthrown and executed by his nephew, Lieut. Col. Teodoro Obiang Nguema Mbasogo. Obiang has been gradually modernizing the country but has retained many of his uncle's dictatorial practices, including the amassing of personal wealth by siphoning it from the public coffers. In 2003, state radio compared him to God.

A recent offshore oil boom resulted in the economy's growth by 71.2% in 1997, the first year of the petroleum bonanza, and it has sustained this phenomenal rate of growth. Between 2002 and 2005, the GDP skyrocketed from $1.27 billion to $25.69 billion. It is unlikely, however, that the country's new wealth will benefit the average citizen—the president's family and cronies control the industry.

Equatorial Guinea, formerly Spanish Guinea, consists of Río Muni (10,045 sq mi; 26,117 sq km), on the western coast of Africa, and several islands in the Gulf of Guinea, the largest of which is Bioko (formerly Fernando Po) (785 sq mi; 2,033 sq km). The other islands are Annobón, Corisco, Elobey Grande, and Elobey Chico. The total area is twice that of Connecticut.
Government
Dictatorship.
History
The mainland was originally inhabited by Pygmies. The Fang and Bubi migrated there in the 17th century and to the main island of Fernando Po (now called Bioko) in the 19th century. In the 18th century, the Portuguese ceded land to the Spanish that included Equatorial Guinea. From 1827 to 1844, Britain administered Fernando Po, but it was then reclaimed by Spain. Río Muni, the mainland, was not occupied by the Spanish until 1926. Spanish Guinea, as it was then called, gained independence from Spain on Oct. 12, 1968. It is Africa's only Spanish-speaking country.
From the outset, President Francisco Macías Nguema, considered the father of independence, began a brutal reign, destroying the economy of the fledgling country and abusing human rights. Calling himself the “Unique Miracle,” Nguema is considered one of the worst despots in African history. In 1971, the U.S. State Department reported that his regime was “characterized by abandonment of all government functions except internal security, which was accomplished by terror; this led to the death or exile of up to one-third of the population.” In 1979, Nguema was overthrown and executed by his nephew, Lieut. Col. Teodoro Obiang Nguema Mbasogo. Obiang has been gradually modernizing the country but has retained many of his uncle's dictatorial practices, including the amassing of personal wealth by siphoning it from the public coffers. In 2003, state radio compared him to God.
A recent offshore oil boom resulted in the economy's growth by 71.2% in 1997, the first year of the petroleum bonanza, and it has sustained this phenomenal rate of growth. Between 2002 and 2005, the GDP skyrocketed from $1.27 billion to $25.69 billion. It is unlikely, however, that the country's new wealth will benefit the average citizen—the president's family and cronies control the industry.

Its good to see a black nation on top...but why we always have to be the ones tiefing all the money and being dictators...damnit

E.....
A recent offshore oil boom resulted in the economy's growth by 71.2% in 1997, the first year of the petroleum bonanza, and it has sustained this phenomenal rate of growth. Between 2002 and 2005, the GDP skyrocketed from $1.27 billion to $25.69 billion. It is unlikely, however, that the country's new wealth will benefit the average citizen—the president's family and cronies control the industry.

The same thing is happening in Nigeria.

They should do what the Norwegians do and put the money in a "Sovereign Wealth Fund" to pay for the countries future (things like NHI, NIB) and to guard against fraud.


Of course, the ones doing the stealing in the government would be the ones that had to create the fund.


~~

The same thing is happening in Nigeria.
They should do what the Norwegians do and put the money in a "Sovereign Wealth Fund" to pay for the countries future (things like NHI, NIB) and to guard against fraud.
Of course, the ones doing the stealing in the government would be the ones that had to create the fund.
~~

the ones doing the stealing, pay cash to the hospitals, they don't need/care for a NHI, or NIB.

I wonder how these leaders them does feel dread. Then they does send their children to Ivy league schools around the world...Surely, their children should feel shame.

the ones doing the stealing, pay cash to the hospitals, they don't need/care for a NHI, or NIB.
I wonder how these leaders them does feel dread. Then they does send their children to Ivy league schools around the world...Surely, their children should feel shame.




They don't feel shame. Greed has a tendency to kill the conscience and hollow the soul.


~~~

In the case of that country, they keep everyone rich looks like, so no realy cares as long as they get what they need to live well......they will be stable as long as the "black and golden gravy train" flows. When it stops and we find out that (assuming here) that they havent put some of that oil money to build for the future, is when the turd will hit the fan.

Nigeria on the other hand, just gave all of their oil to foreigners. And in return only the people on the top tier get "a little something"....compared with what they could really get. I mean they hardly got jobs from the stuff. They sold their goldmines for some couches for Christ sake....talk about no vision...or just being idiots. And this is what annoys me about African countries. You wanna talk about sellout? They always throw away their greatest assets on one sweep,, for quick cash...and not even a huge amount. I mean that's been going on from before they have been selling their own into slavery. And unfortunately it has made it into the genes of some of our politicians...who are at least a little bit smarter to make some sort of economy out of it.

I agree with Sunny, we must diversify our economy, there must be new engines that help drive our economy and there must be new wealth creation. The more wealthy people we have the more growth we can have but if the same handful of people making all the money no real growth takes place.

No new ideas are generated without competition. The country can be so much better than it is.:bouncy: :bouncy:

just think how much the growth would have been if people were more open to LNG