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Nassau.– 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. It is dedicated to promoting wider knowledge of the world's countries and regions. The website serves as a comprehensive source of continental and world rankings in an increasing number of categories.

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COMMENTS
19 comment(s)
Written by: Billy H. Adams, 3 Sep 2007 2:38 PM
From: Santiago, Santiago
It is no wonder that the Bahamas is so rich.
EVERYTHING entering the country pays a WHOPPING 35% of value at the customs office.
In addition, huge tourist attractions such as the Grand Bahamas Hotels and Casinos are taxed very heavily. Then there is that Gigantic Atraction of ATLANTIS, which caters to the Ultra Rich Worldwide with its ultra-exotic hotels, attractions and Casinos.
Even the most decripet marinas charge amounts from US$75.00/day up.
The country is rich and the people poor. True
Written by: Gustavo De Pena, 3 Sep 2007 3:42 PM
From: Nashville
How can a country with so many resources and so much potential in its population by ranked 6th in the richest nations in the Caribbean. Its really unacceptable how inefficient the government is in managing and distributing resources. Although i support, President Fernandez drive for education the nation needs to improve on its dedication in improve skilled labor. The Dom. Rep. will not attain economic growth until it focuses on looking at sectors other than tourism, textiles, agriculture.
Written by: JD, 3 Sep 2007 8:22 PM
From: Washington, DC
Please note that the RD can learn a good lesson from the rankings of other countries. We can see that corrupt Governments (i.e. Haiti, the poorest country) & communism (Cuba) do not work well at all.

This should reinforce the RD to pursue a pattern to end corruption within Gov but give more power to the Anti-Corruption agencies relative to the judical branch & law enforcement in order to improve security issues & become more attractive to manufacturing investor (vs. low paying tourism jobs).
Written by: Sigmund Willis, 4 Sep 2007 5:46 AM
From: Freeport, Grand Bahama
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.

When will the Bahamas and the Government get the message on LNG?
Written by: MrThelmo Almeyda Rancier, 4 Sep 2007 2:36 PM
From: Bogota N.J,.USA
The Bahamas is the richest of them all because its income is derived 90% from tourism. Their most tourists are from their
Commonwealth of nations plus USA. They have been in this business far longer than PR.
That is why if the DR citizens are to compete with them they would have to go to specialized schools just as they have done to serve ,as in any traid. Also English language would be a priorirty and a must , the smaller Islands have it, & would have preference, unless DR gvt steps in.
Written by: Mike Johnson, 6 Sep 2007 9:00 PM
From: California, USA
Hello I am a American who has visited Santo Domingo many times and enjoyed my visits every time. I find your people to be very warm friendly people. I was very surprised and disappointed when I read articles in our local newspapers regarding certain night clubs in Santo Domingo not allowing black people or darker skinned blacks entrance. These aricles has appeared in many newspapers and on internet sites here in the US. My question, is the D. R Government taking action against these club owner?
Written by: Mike Johnson, 6 Sep 2007 9:09 PM
From: California, USA
I just wrote a seperate Commentary regarding Santo Domngo night clubs not allowing blacks entrance. Could someone please respond to me on what if anything is being done by tthe government on this issue? Also I would like to know how the Dominican people feel about the subject? Are African Americans welcome in your country? I can be reached at rue5@aol.com. Thank you.
Written by: Juan Carlos, 7 Sep 2007 2:13 PM
From: Tennessee, USA
JD: Let me give you a little Political Science 101: First of all Cuba is not a communist system, it is an experiment of state-capitalism mixed with socialism, it is not even socialism perse. Cuba's poverty is caused by an economic embargo imposed by US Imperialism. And Haiti's poverty is caused by US and European Imperialism, and Dominican Republic's poverty is caused by US, European Imperialism and by Local Capitalist Oligarchic parties who rule in favor of the capitalists
Written by: Juan Carlos , 8 Sep 2007 6:12 PM
From: Knoxville, TN, USA
Mike Johnson: Hi, how are you? Well the Dominican Republic's political system is oligarchic-capitalism in favor of rich people, it has been like this for many years except Juan Bosch's government in 1963, and then it was overthrown by US Imperialism. It is sad that the Dominican Republic *still* has Trujillista-fascism. We need a real democracy in Dominican Rep. not fascism, but it is still Oligarchic Capitalism with traits of fascism like Mexico and USA
Written by: mike l, 14 Sep 2007 12:54 PM
From: pop
sometimes i wish i could make sense of what jd opines, but his thoughts are unsettling. to compare the economic fortunes of cuba with countries such as the bahamas,which have free access to the worlds largest market, is beyond absurd.also,i would ask him to enlighten me as to how it is that china is a leninist government,yet the chinese economy is running roughshod over all others.so much for the assertion that communism cannot produce excellent economic outcomes
Written by: Shad, 27 Sep 2007 11:30 PM
From: Port of Spain
It shows the Bahamas has a higher GDP, but Trinidad & Tobago has a better economy so in a way just as the USA is ranked the 6th richest country, but it has a strong economy and a big population making it be the rishest country in the world, same with Trinidad & Tobago against the Bahamas, you have to look at more than one aspect, so therefore Trinidad and Tobago is the richest country in the Caribbean.
Written by: Shad, 27 Sep 2007 11:34 PM
From: Port of Spain
The person who wrote "When will the Bahamas and the Government get the message on LNG?"

My question is how is the Bahamas going to produce LNG if it is not a resource of the country? LNG is a natural resource of Trinidad and Tobago, which doesn't exist in the Bahamas.
Written by: rainydaze, 8 Oct 2007 8:38 PM
From: Port of Spain
In response to Shad......yes Trinidad doesn't have a tourism dependent economy ....because we're totally dependent on oil and gas! Bahamas used their natural resources to produce an attractive country for people to visit. Trinidad has created an island polluted not just by oil refineries, steel mills and aluminium smelters but the refuse of hundreds of thousands of litterbugs!
Bahamas may be used as a transhippment hub for lng going to US. Some govt rev. but not as much as T&T.
Written by: rainydaze, 8 Oct 2007 8:43 PM
From: Port of Spain
My Caribbean colleages, the ordinary citizen of Trinidad is not rolling in money either. Most people have a hard time finding housing and making ends meet. The divide between rich and poor is considerable. Don't be fooled by the dozens of highrises going up in POS. However at least the ordinary citizen does have free education straight up to university.
Written by: JUAN VARDEZ, 1 Nov 2007 11:39 AM
From: SANTO DOMINGO
HEY MIKE , FOR YOUR QUESTION REGARDING THE NIGHT CLUB SCANDLE. IT IS NOT TRUE, LETS REMEMBER THAT 99.8% OF OUR MUSICIAN ARE BLACK AND MIXED. WHAT HAPPENED WAS THAT THE NIGHT CLUB WILL NOT ACCEPT PEOPLE WITHOUT THE RIGHT ATTIRE YOU COULD BE GREEN OR RED BRING SHOES NO SANDLES OR JEANS. IT WAS CLEAR BECAUSE THE 4 PEOPLE WHO WERE NOT LET IN WAS NOT DRESSED ROPERLY. IF IT WAS TRUE DOES CLUBS WOULD OF BEEN CLOSED EMEDIATLEY.
Written by: ROSA DANIEL, 1 Nov 2007 11:55 AM
From: BANI D.R
OH WAOW, SO WHAT THE BAHAMAS IS THE RICHEST IN THE CARREBEAN. WHO CARES, ALL DOMINICAN'S LOVE IS OUR WAY OF LIFE FREE FREE-ER THAN THE REST OF THE WORLD, SOMTHING THAT MANY CAN EVEN COMPREHEND.
SANTO DOMINGO DIOS PATRIA Y LIBERTAD-PARA SIEMPRE
Written by: Boricua This user is banned, 25 Oct 2008 4:40 PM
From: Cuba
For years, I have heard the Bermuda has the highest income per family member, being a rich country in the Caribbean. This doesn't mean that they spend billion in infrastructure. Puerto Rico and the Dominican Republic are investing millions in their infrastructure; their cities are growing and very pretty with high rise buildings. Puerto Rico has 78 cities and still enough land and mountains to expand its territory. Dominican Republic has one big city-the Capital and Santiago also growing at a fast pace. Puerto Rico has several big cities, such as San Juan, Bayamon, Ponce, Mayaguez, and Arecibo. However, Caguas is also building tall edifice and several projects around the island creates many jobs, and people are happy with what they earned, even though it is not as much income as in Bermuda, jobs are more secured. Dominican Republic and Puerto Rico's economy are tide in some ways as they trade and buy oil in partnership; this will increase revenues for us.
Written by: Boricua This user is banned, 25 Oct 2008 5:04 PM
From: Cuba
If you visit Cuba, there cities are in deplorable conditions; it needs repair, rebuilding and new infrastructure. Bermuda is a small island, and doesn't have enough land to build infrastructure, and hardly any land to increase agricultural wants and needs. To me the richest country in the Caribbean is really Puerto Rico, and the Dominican Republic is in second place. These two countries have train transit system that cost close to a billion dollars; Puerto Rico has the 17th busiest airport terminal in the entire caribbean with over 10 million tourist visiting each year. We are building what will be the 2nd largest port in the city of Ponce, Puerto Rico, as a cost of over 740 million dollars, and just last week, two tunnels to connect two cities was inaugurated with Puerto Rican Government funds of 171 million dollars (Not Federal Money); this proves that the Government of Puerto Rico has lots of spending money, and you see it, as newer highways, and overpath are being built.
Written by: Boricua This user is banned, 25 Oct 2008 5:17 PM
From: Cuba
Even though Puerto Rico is smaller than the Dominican Republic, we have 29,000 miles of more roads than the Dominican Republic. New studies from "Departamento de Obras Publicas" (Highways Development Authority) estimated that Puerto Rico is 110 miles long by 39 miles wide, these figures does not include 1,500 square miles of water that Puerto Rico has; therefore, Puerto Rico is about 4,290 square miles,and if we included water territorially, it would be 5,790 square miles. (Just the 1,500 square miles of water equal roughtly the size of Trinidad and Tobago.) Puerto Rico has 365 miles of beaches, therefore, it is not too small as many people say. Long Island is 1/4th the size of Puerto Rico, and it huge, well developed and over 17million people live in Long Island. Therefore, don't be fulled when comparing countries, as they all have their beauty and differences that makes them so unique.
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