Jamaica And The Caribbean Per Capita Income - Frightening Figures

 

I

II

III

I have posted these tables to encourage economists and others to examine our country to see where we are coming from and where we are going. I would love for them to share their knowledge with people in a way that is easy to understand.

Per capita income (PCI) is the average income earned by each person in a specific geographic area (like a city, state, or country) over a specified period, usually a year. It is used to evaluate a population's overall standard of living and economic well-being.

When we look at the figures, you will see that the per capita income of Jamaica puts it just above Haiti, which is at the bottom of the list.

We should note that those countries that did not opt for independence have enjoyed a higher PCI than most of the Caribbean countries that are independent, as shown in Table III.

Although we have increased our PCI since 1962, as shown in Table I, we are far behind the Bahamas, as shown in Table II.

Data was obtained from the World Bank website, and some data were missing.

Another independence celebration approaches, and it cannot just be about songs and dances. The country has to look seriously at moving all economic indicators in the right direction. The first table I presented in this series showed how crime has developed over the years, and that has negatively impacted the ability of our country to move forward economically. 

Wasting time talking about certain political issues locally and internationally cannot be our main focus. Political parties and how they perform in the polls cannot be the main focus. A country is the biggest business containing various businesses, and we have to treat it as such. If we don't treat it as such, our families and our people will pay for it dearly.

Note: I hardly believe there are any errors in the data, but please let me know if you see anything that is unusual. The figures for the calculations were extracted from the World Bank website. Some data were not available or were missing.

Per capita income is in USD.