In 2016 Trinidad and Tobagos performance is compared to six countries Bahrain

In 2016 trinidad and tobagos performance is compared

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In 2016, Trinidad and Tobago’s performance is compared to six countries Bahrain, Costa Rica, Estonia, Malaysia, New Zealand and Singapore (Table 2.1). The countries were chosen based on characteristics such as geographic size and population, ethnic diversity and energy resources. Estonia, the only new entrant in this iteration, was included due to its small geographic size and population, as well as the significant strides that it has made since independence from the Soviet Union in 1991 in the areas of ICT and Governance. Like Ireland, Estonia is a member of the European Union and being located in close proximity to a dynamic and growing market has proven to be a key impetus for development. In this iteration, a smaller set of indicators are used for the compari- son as follows: Human Development Index (HDI); GDP per capita (US dollars); life expectancy; per capita health expenditure; infant and maternal mortality; and technology. In the period 2000‒2015, Bahrain’s population doubled from 0.67 mn to 1.38 mn. Singapore had the second largest growth at 37.4 percent, while Estonia’s population declined by 6.08 percent. Trinidad and Tobago’s population was fairly stag- nant, growing at an average rate of 0.47 percent per annum as it moved from 1.27 mn in 2000 to 1.36 mn in 2015. 1314 HUMAN DEVELOPMENT INDEX As a first step, the global ranking of human devel- opment for selected countries is examined. The HDI is a summary measure of three dimensions of the human development concept: living a long and healthy life, being educated, and having a decent standard of living. Thus, it combines measures of life expectancy, school enrolment, literacy and income. Since 2000, Trinidad and Tobago, Bahrain, Costa Rica and Malaysia HDI rankings have either declined or remained the same, while Estonia, New Zealand and Singapore have improved in their rankings (Chart 2.3). 13 Average calculated as an exponential rate of growth as per the UN method of calculating population growth where r = 100*ln(P2/P1)/(t2-t1) 14 According to the data from the United Nations, immigrants comprise approximately 50 percent of the total population of Bahrain. Country Land Area Sq. km Population 2000 (Mn.) Population 2015 (Mn.) % Change (2000-2015) Average Population Growth per year 13 % Trinidad and Tobago 5,130 1.27 1.36 7.26 0.47 Costa Rica 51,060 3.93 4.81 22.48 1.35 Bahrain 771 0.67 1.38 14 106.53 4.84 Singapore 709 4.03 5.47 37.42 2.12 Malaysia 328,550 23.42 30.33 29.50 1.72 New Zealand 263,310 3.86 4.64 19.13 1.17 Estonia 42,390 1.40 1.31 -6.08 -0.42 TABLE 2.1: POPULATION AND LAND AREA OF COMPARATOR COUNTRIES (2000 - 2015) Source: The World Bank, World Development Indicators
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GDP PER CAPITA In 2000, Trinidad and Tobago’s GDP per capita of US$9,779 (2010 constant US$) was approximately 50 percent larger than Costa Rica and Malaysia, and less than half the size of Bahrain and one third that of New Zealand and Singapore (Chart 2.4). In 2015, with the exception of Bahrain, all countries recorded increases in their per capita CHART 2.3: HUMAN DEVELOPMENT INDEX, 2000 AND 2015 Source: UNDP Human Development Report 2002 and 2016 CHART 2.4: GDP PER CAPITA, 2000 AND 2015 (2010 CONSTANT US $) Source: The World Bank, World Development Indicators GDP. However, one can infer that the decline
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