To the People

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or TO THE PEOPLE.

Friday, October 17, 2008

Get Up, Stand Up, Be Counted

Prostitutes, higglers and ganja farmers could soon find their output captured in local official data as part of efforts by the Statistical Institute of Jamaica (STATIN) to accurately measure the country's gross domestic product (GDP).

"We will try to capture underground production, legal and illegal," Anette McKenzie, deputy director general of STATIN, said yesterday, as the agency launched its Jamaican System of National Accounts.

According to McKenzie, prostitution is already captured in the data and efforts will be made to capture information on the under ground and informal economy.

It is a move that has been welcomed by Prime Minister Bruce Golding, who noted that the informal sector is estimated to be 40 per cent of the formal economy.
Not only is the "informal sector" an estimated 40% of the economy but it is growing faster than the rest of the economy, according to the Jamaica Gleaner. So, umm, yeah, I'd say adding those people could give a better sense of Jamaica's GDP. Read the whole story here.

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