sábado, 31 de octubre de 2009


By: Felipe Argote
Photos: Felipe Argote

I should mention again the curius characters who between them consider themselves "public opinion". If you have enough patience you can whatch those that not having anything productive to do, they present every day, evening and night on television and radio stations to discuss all issues without holding any. One morning I saw one, a lawyer with a very bad combo suit, which analyzed the issue of gross domestic product growth. He said panamanian GDP growth in more than eight percent was unrealistic Because inflation to be an eight percent, and developed a complicated mathematical equation ... 8-8 = 0 (eight least eight equals zero), one eliminate the other. So our growth was zero. Give me a break!

What else do we have to do trying to be informed, as the morning news programs have disappeared to give space to the reality shows that became fashionable by our brand-new minister of education where the presenter is disgusted, almost crying, and them become excited when he is able to remedy through a phone call from a public official of a problem or a humble citizen.

But I must not get out of the shaft. It is necessary to be alert as possible avoid these analysts who somehow have the magical gift of ubiquity (I swear that to avoid listening to Blandon I change channels and was also talking in the other).

In calculating GDP, the final data is already deflated price index, so it is an absurdity want discount it later. By definition the gross domestic product (GDP) is the sum of final goods and services produced by the economy of a country during a period usually of one year , calculated in money.

To achieve this number, there are three recognized methods:.

1. The expenditure Which add the final readings:

GDP = C (consumption) + I (investment) + G (government spending) + X (exports) - Y (imports)

2. The income of S (employee salaries) + G (corporate earnings) + I (government taxes) less subsidies.

3 The third is the value added

Where the value of each company's final production of intermediate goods are subtract. The sum of all values added is equal to Gross Domestic Product.

Mostly used the so-called real gross domestic product than the nominal difference that is already deflated or reduced the price index. This price index is simply the percentage by Which prices rise (or reduced, Although it is a Remote Possibility I mention it), prices from one year to another. Then there is Gross National Product is equal to GDP plus the net factor payments issimply the national net factor payments received from abroad minus the income of foreigners in the domestic economy (NFP) is what distinguishes GDP from GNP

The largest GNP in the world is from United States of America with$ 14,466,112 million, followed by Japan with 4,879,171 million, then follows China with 3,899,289 million, Germany with 3,485,674 million, a fifth England with 2,787,159 million. Then is France with 2,702,180 million, Italy with 2,109,075 million, Spain with 1,456,488 million. Then Brazil with 1,411,224 million and finally in the group of ten largest is Canada with 1,390,040 million. We see that U.S. GNP nearly tripled Japan and almost four times to China that is the third.

For those more interested in the subject say that Guatemala has 36,134 million, Uruguay 27,536 millions, Costa Rica 27,473 billion, El Salvador 21,361 billion , Panama 20,973 billion, Bolivia 14,126 millions, Paraguay 13,574 million, Honduras 13,026 million Haiti 6464 millions and Nicaragua 6126 millions.

Although China has quickly climbed to third place worldwide in terms of gross national product, remember that while the U.S. has 305 million and Japan has 128 million, China has instead of 1326 million people. Brazil, the only Latin American country in the list of 10 countries with greater production has 106 million inhabitants.

That's why we agree to see an indicator called the GNP per capita. This indicator measures the gross national product per person in a country simply by dividing the GNP by the number of inhabitants of the country. Thus, the order changed dramatically. Consider the following list of the fifteen countries with higher GNP per capita:

1. Liechtenstein            a
2. Bermuda                  a
3. Norway                   87,070
4. Luxembourg            84,890
5. Chanel Islands         68,640
6. Switzerland             65,330
7. Denmark                59,130
8. Qatar                      a
9. Sweden                  50,940
10. Netherlands          51,150
11. Ireland                 49,590
12. San Marino          46,770
13. Finland                 48,120
14. USA                    47,580
15. Cayman Islands     a

a. Position according to estimates by World Bank

The Latin American countries, including Panama, are obviously far from this figure, with levels of less than $10,000.00. Recall that these figures are annual and that means $ 10,000 per capita income of only $833.33 monthly. At these levels, according to figures from 2008, is Mexico, Venezuela, Brazil and Uruguay between $ 8,000 and $ 10,000. After more than $ 6,000 and less than $ 8,000 are in order for, Argentina, Panama and Costa Rica. With less than $ 5,000 are all others, with acute cases below $ 2,000 in the same descending order of Honduras, Bolivia, Nicaragua and Haiti. We can infer then that with the exception of countries with acute problems of income per capita, other Latin American countries do not have big differences. From a per capita income of $800 a month and a $400 monthly no greater difference when compared with the $ 5,300.00 in Luxembourg or even to United States $4,000.00


a. Estimated figures
b All data are from the 2008 World Bank

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