Effectively, GDP represents the total dollar value of all goods and services produced over a specific time period and has been described as ‘one of the most common indicators used to track the health of a country’s economy’.
Addressing a recent sitting of the House of Assembly, Premier Fahie said: “Although we have not yet reached full recovery, substantial progress has been made to restore our physical infrastructure, demonstrating the resilience of our people and their ability to revive critical economic activity in the aftermath of the 2017 natural disasters.”
“The Ministry of Finance projects that, at the end of 2019, the total size of our economy measured by GDP in nominal terms should reach $1.303 billion. This reflects an increase in growth of between one and two per cent from 2018.”
Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel.