Infrastructure & Finance news in South Kurdistan

[crazyhorse]

I have a question...

Is the budget the same as the GDP?

Because the GDP of Armenia is aprox. 18 billion US dollars, while jj says our budget is almost 3 times bigger.
Armenia's GDP is bigger than our budget, so I guess both are different things? If yes: what is KRG's GDP?

[unitedkurdistan]

I have a question...

Is the budget the same as the GDP?

Because the GDP of Armenia is aprox. 18 billion US dollars, while jj says our budget is almost 3 times bigger.
Armenia's GDP is bigger than our budget, so I guess both are different things? If yes: what is KRG's GDP?

it is not. GDP= purchasing power parity. The sum value of all goods and services produced in the country. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries.

[crazyhorse]

I have a question...

Is the budget the same as the GDP?

Because the GDP of Armenia is aprox. 18 billion US dollars, while jj says our budget is almost 3 times bigger.
Armenia's GDP is bigger than our budget, so I guess both are different things? If yes: what is KRG's GDP?

it is not. GDP= purchasing power parity. The sum value of all goods and services produced in the country. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries.

So, what would the GDP of the KRG be, if the budget alone is almost 20 billion?

[diako_ber]

I have a question...

Is the budget the same as the GDP?

Because the GDP of Armenia is aprox. 18 billion US dollars, while jj says our budget is almost 3 times bigger.
Armenia's GDP is bigger than our budget, so I guess both are different things? If yes: what is KRG's GDP?

it is not. GDP= purchasing power parity. The sum value of all goods and services produced in the country. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries.

So, what would the GDP of the KRG be, if the budget alone is almost 20 billion?

well if our purchasing power parity is indeed 3x bigger than that of armenia, it would mean that our GDP per capita is around 11500 US dollars a year

[jjmuneer]

I have a question...

Is the budget the same as the GDP?

Because the GDP of Armenia is aprox. 18 billion US dollars, while jj says our budget is almost 3 times bigger.
Armenia's GDP is bigger than our budget, so I guess both are different things? If yes: what is KRG's GDP?

it is not. GDP= purchasing power parity. The sum value of all goods and services produced in the country. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries.

What are you talking about? GDP=gross demestic product. It has nothing to do with the "value of goods", it is as you said however the sum of how much teh nation has produced. This also includes external firms that are orignally baed in the country.

I really don't even no what you mean know it isn't. Hvae you seen Armenia's GDP? and no I'm not talking about GDP per capita. So please don't get those two mixed up. GDP per capita has nothing to do with welfare, it is 'the gdp of the entire country divided by the population which equals GDP per capita', this is just an average. If the average is like $1000 lets say in Kurdistan, and the total GDP is like 12 billion, that means only a few people posses the wealth of the country.

[crazyhorse]

So, what would the GDP of the KRG be, if the budget alone is almost 20 billion?

well if our purchasing power parity is indeed 3x bigger than that of armenia, it would mean that our GDP per capita is around 11500 US dollars a year

Well, that can be correct. I once saw an article in which was stated the GDP of the KRG was 10,500 dollars.
Maybe it has grown now (it was like 1.5 years ago).

[jjmuneer]

I have a question...

Is the budget the same as the GDP?

Because the GDP of Armenia is aprox. 18 billion US dollars, while jj says our budget is almost 3 times bigger.
Armenia's GDP is bigger than our budget, so I guess both are different things? If yes: what is KRG's GDP?

it is not. GDP= purchasing power parity. The sum value of all goods and services produced in the country. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries.

So, what would the GDP of the KRG be, if the budget alone is almost 20 billion?

The budget is the GDP lol. GDP is just a measurement of economic growth.
Real GDP takes into account inflation.

[unitedkurdistan]

it is not. GDP= purchasing power parity. The sum value of all goods and services produced in the country. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries.

What are you talking about? GDP=gross demestic product. It has nothing to do with the "value of goods", it is as you said however the sum of how much teh nation has produced. This also includes external firms that are orignally baed in the country.

I really don't even no what you mean know it isn't. Hvae you seen Armenia's GDP? and no I'm not talking about GDP per capita. So please don't get those two mixed up. GDP per capita has nothing to do with welfare, it is 'the gdp of the entire country divided by the population which equals GDP per capita', this is just an average. If the average is like $1000 lets say in Kurdistan, and the total GDP is like 12 billion, that means only a few people posses the wealth of the country.

'I mixed up GDP with PPP.

[jjmuneer]

So, what would the GDP of the KRG be, if the budget alone is almost 20 billion?

well if our purchasing power parity is indeed 3x bigger than that of armenia, it would mean that our GDP per capita is around 11500 US dollars a year

Well, that can be correct. I once saw an article in which was stated the GDP of the KRG was 10,500 dollars.
Maybe it has grown now (it was like 1.5 years ago).

I don't think that is possible if you consider our GDP, size of our population and the rate of our development. I think the wiki one is fairly accurate in 3 to 4 thsouand dollars.

[jjmuneer]

it is not. GDP= purchasing power parity. The sum value of all goods and services produced in the country. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries.

What are you talking about? GDP=gross demestic product. It has nothing to do with the "value of goods", it is as you said however the sum of how much teh nation has produced. This also includes external firms that are orignally baed in the country.

I really don't even no what you mean know it isn't. Hvae you seen Armenia's GDP? and no I'm not talking about GDP per capita. So please don't get those two mixed up. GDP per capita has nothing to do with welfare, it is 'the gdp of the entire country divided by the population which equals GDP per capita', this is just an average. If the average is like $1000 lets say in Kurdistan, and the total GDP is like 12 billion, that means only a few people posses the wealth of the country.

'I mixed up GDP with PPP.

I think you meant PPF? This can also be a measurement of economic growth.

[unitedkurdistan]

No PPP= Purchasing power parity

[jjmuneer]

No PPP= Purchasing power parity

I know what it is lol. I thought you meant PPF=Production possibility froniter, it is another way of measuring economic growth. It does it by showing where the economy is at, and where it could be at, it also shows what the economy produces, if it produces more consumer or capital goods.

[unitedkurdistan]

No PPP= Purchasing power parity

I know what it is lol. I thought you meant PPF=Production possibility froniter, it is another way of measuring economic growth. It does it by showing where the economy is at, and where it could be at, it also shows what the economy produces, if it produces more consumer or capital goods.

I didn't say you don't know. See I wrote GDP= purchasing power parity which is totally wrong. But PPP= purchasing power parity is what I meant. Anyway I'm kind a confused now.

[jjmuneer]

No PPP= Purchasing power parity

I know what it is lol. I thought you meant PPF=Production possibility froniter, it is another way of measuring economic growth. It does it by showing where the economy is at, and where it could be at, it also shows what the economy produces, if it produces more consumer or capital goods.

I didn't say you don't know. See I wrote GDP= purchasing power parity which is totally wrong. But PPP= purchasing power parity is what I meant. Anyway I'm kind a confused now.

PPP is related to foriegn countries I think, and the exchange rates. Its basically just related to the strength of your currency and how much foriegn goods you can buy compared to other countries. Then you were probably right, considering our currency isn't that strong. Although inflation in Iraq as a whole is suprisingly low, it states its 1.6% on wiki.

[alan131210]

11/06/2012

ERBIL, June 11 (AKnews) - One million small fish fingerlings will be distributed next week in the Kurdistan Region in a bid to increase fish breeding, said the Ministry of Agriculture and Water Resources.

Director of fishery wealth Sirwan Saeid said the ministry brought one million fingerlings from Duhok and Suli provinces and they will be distributed among the owners of more than 300 fish farming projects in the cities of Kurdistan.

The fingerlings will be distributed among 297 fish breeding ponds, five fish farming projects in the concrete docks and six fenced pool projects. The price of one fingerling is 25 IQD ($0.02).

Saeid added: "According to international standards, each person needs 16kg of fish a year and we're seeking to reduce the import of fish and rely on our local produce to meet the needs of the citizens."

Saeid continued to state that in 2010, 3,000 tons of fish were imported from Turkey and Iran, but in 2011 imports declined to 1,960 tons.

The authorities in the Kurdistan Region ban fishing every year from April 1 - July 1.

AKnews