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Trinidad and Tobago ranked second richest in the region

Published on Friday, August 10, 2007 Email To Friend    Print Version

By Stephen Cummings
Caribbeaen Net News Trinidad and Tobago Correspondent
Email: stephen@caribbeanetnews.com

PORT-OF-SPAIN, Trinidad:  Trinidad and Tobago has been ranked as the second among ten richest countries in the Caribbean with a $19,700 GDP  per capita. The richest country in the region is the Bahamas with a $21,300 GDP per capita.

Antigua and Barbuda, St Kitts and Nevis, Dominican Republic, St Lucia, Jamaica, Cuba and Grenada were in the ten in descending order, according to information compiled and posted by website Aneki.com, an independent, privately operated website based in Montreal, Canada.

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. GDP is usually calculated on an annual basis.

It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

The data for country compilations are derived from numerous sources including United Nations agencies and the United States Central Intelligence Agency's World Factbook.

Meanwhile, 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.

 
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