(e) Greater reliance on investment income

(a) Estimates of gross national income

Current earmarkings are based on gross national income (GNI) per capita for 2001.

a Low income GNI per capita of 735 and less.

We repeat the goal is only 0.7 per cent of gross national income.

For many low income countries, remittances as a share of GDP and imports are larger than in the case of middle income countries.

Total income for 2004 amounted to US 1,001.2 million.

Investment simultaneously generates income and expands productive capacity.

We are encouraged by efforts to meet the goal of 0.7 per cent of gross national income for ODA.

The fishing industry contributes 1.3 per cent to the Territory's GDP.

The US federal deficit is an alarming 12 of GDP, and public debt as a share of national income is already projected to double, to 80 of GDP.

Lower middle income GNI per capita between 736 and 2,935.

c 2003 per capita GNI estimate based on United Nations Statistics Division data.

The surplus has narrowed because investment has been ramped up even higher, to roughly 49 of GDP.

Export growth was often very fast, as in the Philippines, Mexico, and to some extent Morocco.

Since after tax personal income accounts for about 75 of GDP, a household saving rate of 6 translates into just 4.5 of GDP.

In low income countries, half of all health care spending (about 2.5 of GDP) is out of pocket (compared to 2 in middle income countries).

As a result, whenever the US dollar declines, China s net international investment position (the difference between its external financial assets and liabilities) deteriorates and so does its investment income balance.

As a result, socio economic investment must be increased in order to boost income generation of the population, especially the most vulnerable groups.

The European Union has now set a clear timetable to achieve the 0.7 per cent target for aid.

But, despite their robust base and low administrative costs, excise taxes currently amount to less than 2 of low income countries GDP, compared to roughly 3 in high income countries.

First, the scale for 2007 2009 should be based on the most current available GNI data.

In the US, neither R D nor overall investment is declining. Indeed, many industries pursue long term investments, notwithstanding their short term stockholders.

Shifting income from those who would spend it to those who won t lowers aggregate demand.

Local governments indebtedness soared, and fixed investment surged toward an unprecedented 50 of GDP.

However, although GNI was the best approximation of capacity to pay, it was not the only one.

Its imbalances have gotten worse as well, with the investment share of GDP approaching 50 and private consumption falling below 35 of GDP.

With the housing sector accounting for 10 of GDP and investment in real estate development accounting for 25 of total fixed investment, any decision to rein in runaway housing prices will be difficult.

As a result, FDI collapsed to less than 0.5 of GDP annually in 2011 2012.

The huge surge in the GDP growth rate of the more diversified economies brought overall per capita income up to its highest rate of 2.7 per cent.

From the outset, we have led the efforts to increase this assistance to 0.7 per cent of gross national income by 2015.

Governments often become enamored of innovative sectors, such as semiconductors, that account for only a very small share of total investment.

In the US, the poorest 20 of households receive just 5 of total income, putting their income at around one fourth of the national average.

As such, we welcome the recommitment to the Monterrey and Johannesburg outcomes and the renewed emphasis upon the achievement of the target of 0.7 per cent of gross national income for official development assistance.

Countries have long used national income accounts, with GDP as the main indicator, to describe economic performance.

The current shocks to GDP have led to falling levels of per capita income and brought widespread poverty.

Funding for this strategy increased almost four fold in 2004 2005, for a total investment of  40 million.

In the early stages of the post war transition, FDI increased rapidly, rising from 1.2 of GDP in 2002 to a peak of 4.3 of GDP in 2005.

As stated in paragraph 1, the recalculation uses 2003 per capita GNI and population data.

Is it possible that the cash rich corporate sector will more than make up for the slack by increasing investment? There may well be some increase in gross investment, as obsolete equipment and software are replaced.

The consolidated primary surplus is 5 per cent of GDP and reserves have increased from nearly ten billion dollars to over twenty five billion.

This is reflected in the current investment ratio for real capital assets of 43 of GDP, compared to 4.3 investment in human capital in the form of education.

Now GDP growth is slowing, investment is falling, the budget deficit is widening, and the external accounts are weakening.

Currently, the investment section has six investment officers who cover global equity markets and fixed income investments.

Helped by massive public investment in infrastructure and logistical capabilities, some of this work will move inland, where incomes are lower.