Gross national income per capita 2009 World Bank

Today I will post a shocking ( but to some of us quite expected) list of ranking of Gross national income per capita based on Atlas method and PPP, compiled by none other than the World Bank. ( or rather a link to the list).

Since this is done by World Bank, I think it is a credible list.

In Malaysia, we always tell each other than despite all the insuffciencies, we are still the best country . According to this list, we are now ranked 89, much further behind than some of the Africa countries like Gabon and Seychelles. It is lower that Estonia, Czeckoslovakia and Lithuania — these  countries have  opened up  to adopt market economy only about 15 years back, more or less, being formerly communist countries without experience in capitalism.

It is even lower than Argentina which a few years back was a bankrupt country.

A few years ago, in 2006 to be exact, I wrote an article titled ” will Malaysia be Marginalised?” I mentioned that if we dont buck up, we will be overtaken, and now unfortunately, we have been overtakne by many countries, and it looks like if we dont arrest the decline, we will slide further  down the rankings. To be 89 in a list of 213 is certainly not good.

For the full list go to this link:

http://siteresources.worldbank.org/DATASTATISTICS/Resources/GNIPC.pdf

11 Comments (+add yours?)

  1. Peter
    Aug 14, 2010 @ 10:45:03

    Imagine what would be the ranking when the last barrel of crude oil is pumped ?

    Malaysia will be the zimbabwe of SEA !

    Like

  2. aca
    Aug 14, 2010 @ 12:47:08

    who cares as kutty and his gang continue to plunder the country in the name of ketuanan melayu.

    Like

  3. chabalang
    Aug 14, 2010 @ 18:34:40

    What’s new, good Dr.?

    The chasm between M’sia and S’pore (remember we were one family before 1965) will become an ocean. UMNO & Perkasa can continue their rantings and the difference will continue to widen as M’sia continues tumbling down the list…

    Like

  4. klm
    Aug 14, 2010 @ 20:26:32

    With removal of the subsidies, Malaysia’s GDP ranking om PPP will drop even further. We are being beggared by these thieving Sons of bitches.

    Like

  5. disgusted
    Aug 14, 2010 @ 21:02:53

    The premonition of the “R-A-H-M-A-N” leadership reign with the descending national fall is then complete.

    Like

  6. wisely
    Aug 15, 2010 @ 08:51:00

    I hope with the latest meeting with chinese economy congress and the statement by CSL, things can be better. As for me, i remain hopeful as i still believe PM sincerely want to change this country for the better. When u wrote in 2006 we were under another PM, remember?

    Like

  7. Amin
    Aug 15, 2010 @ 21:55:14

    What do you expect when tribalism rules the day in Malaysia?
    We shall go down in history in the dump of failed state.
    My son, oh how I miss his close company, but then he is earning an annual income of about S$100k working in an international bank based in Singapore, and he is barely 30 years old. He is no exception as many a non-Malay youngsters are all over the world making top money out of sheer merits and capability which this tribal country rejects.
    In time to come, the ranking would slide even further to a shameful level.

    Like

  8. Phua Kai Lit
    Aug 16, 2010 @ 11:56:55

    Dear Dr Hsu

    1. Looking at the purchasing power parity data,
    I note that Malaysia ranks even lower than
    Romania (one of the poorer Eastern European countries)

    2. South Korea’s PPP is now at 27,310 while Malaysia’s is at 13,530.

    3. Even Panama is nipping at our heels.

    Like

  9. CYC
    Aug 16, 2010 @ 12:07:53

    We removes subsidies for the poor but increases subsidies of brain power to Singapore and….etc. Its the wise step to increase GDP indeed !

    A wise man will not become a Nu Cai, while a Nu Cai will never be wise because he uses his intelligence for self serving.

    Like

  10. Phua Kai Lit
    Aug 16, 2010 @ 13:19:57

    Yes, CYC

    Malaysia exports skilled labour to Singapore and the English-speaking countries while importing unskilled labour from Bangladesh and Indonesia.

    Voodoo economics!

    Like

  11. CYC
    Aug 16, 2010 @ 16:13:44

    Dr Phua,

    Mahathirism brilliantly converted imported labourers into a force of politics. This is called Mahathir’s economy-politics conversion theory. It works on both direction, only caution is it may accidentally shift our economy towards labour intensive when the reverse gear got jammed up.

    Najibnomics is constantly on free gear mode. Its either he don’t know the function of the gear system or wants to save petrol so that more savings could be shared among the thieves.

    Like

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