Salary Enforcement for Foreigners

Gadha...finally something which i was talking about 5 years back...these things should have been done ages ago...we are not in the stone age period...there should not be a favouritism for foreigners...locals & foreigners should be treated equally in the eyes of the law and by employers...no discrimination should happen...the Employment Act needs to further strengthen to implement such things...

http://corporatemaldives.com/2016/12/08/salary-enforcement-regulation-published/

Maldives Ministry of Housing & Infrastructure, Dr.Muizzu says 97% of government budget is spent on atolls

Maldives Ministry of Housing & Infrastructure, Dr.Mohamed Muizzu says 97% of government budget is spent on development of atolls.

Dr. Muizzu, we need facts, figures and real stats and the total accountability of all Maldives government expenditure in a transparent manner...we don't need a tweet or statement without any subsequent backing or proof of such argument.

Does Maldives enforce the Drug Laws? Or is drug use legal in the Maldives now?

79 Tested Positive for Drugs in Anbaraa Case. However, since, a lot of prominent people daughters and sons were arrested, the police has released most of these people despite, they being tested positive for drugs?

Where is the justice in this? Why the double standards? Why for one citizen one thing and for another person another way?

If it was the common man or ordinary citizen, the government, the police and corrupt politicians and corrupt judiciary will hold such people accountable.

But since this happened to senior prominent people's daughters and sons, the Maldives Police has also let go of most of these individuals.

Such a shame, what this country has come to. Where is Adhaalath Party now? Where is the Dheena Gaumatakah govaa meehun? Kobah tho Insaafu? Kobah tho judiciary?

Now they will say the 79 individuals who tested positive for drugs, is now not tested positive for drugs.

Hehe, the irony of such things. I really feel ashamed i am citizen of this country, where law, is enforced for the poor but the rich & influential people are above the law?

Such bull shit and double standards by this government, the police and all government personnel associated with this case. If you cannot punish the people associated with this case, then no one in the Maldives, should be subject to drug enforcement laws.

Source: http://www.haveeru.com.mv/news/54756

Raising of the dollar from USD 12.85 to 15.42 ; Bad or Good Decision?

On 10 April 2011, President Nasheed's Government announced a limited float of the currency within a band of 20% from the previous exchange rate of 12.85. Government's main intention was to lower the purchasing power thus reducing demand for dollar. For example, MVR 1 billion of imports will require USD 78 million at the rate of USD 12.85. But if the exchange rate is 15.42 then for MVR 1 billion of imports will require USD 65 million. Simple?

But the argument goes, vice versa, for example: China also, has the dollar under controlled rate, due to which their exports is quite cheap to Europe and the USA.

Source: http://www.investopedia.com/articles/forex/09/chinas-peg-to-the-dollar.asp

However, since the Maldives doesn't play such a significant role in terms of exports to other countries or in such volumes, the Maldives government is not under so much pressure to have a controlled USD rate.

The point i am trying to make is that if the dollar rate was still USD 12.85, it would be cheaper for the majority of Maldivians to purchase the dollar for going abroad, purchasing goods from abroad, services, medical etc.

By raising the dollar from USD 12.85 to USD 15.42, the adverse impacts are:

1) Business men found it expensive to purchase the dollar with their rufiyaa which in terms will raise the prices indirectly.

2) People going abroad for medical and studies found it more expensive to purchase the dollar, which in turn leads to:
a)  Higher rents in Male if they're landlords,
b)  Higher fish prices, if they're fishermen,
c)  Or higher  prices of basic goods and services, if they're businessmen.

The point i am trying to make is, if you make the dollar expensive to purchase, this does have a adverse impact on the economy in the long term by raising the prices of goods and services in the long term.

Even if Nasheed did it, this was not a good economically feasible, decision, as it did not solve any problems, such as the shortage of dollar and it only made foreign imports more expensive for the average person generating income in MRF.

And also reducing the value of MRF. overall for the economy.

Any decision taken by the top government officials, should be done, after extensive studies, has been done for the feasibility of such decisions. By considering expert opinions in such matters.

So that the public or the common man doesn't suffer.

We need to introduce Capital Gains Tax in the Maldives

We need to introduce Capital Gains Tax in the Maldives:

A capital gains tax (CGT) is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a cost amount that was lower than the amount realized on the sale.

Source: http://en.wikipedia.org/wiki/Capital_gains_tax

It's not the poor but the rich who owns most of such assets which is currently not subject to tax. Just called to MIRA to confirm it.

Maldives is currently, on the path of Regressive tax. Tax the poor and feed the rich.

A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. "Regressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low, where the average tax rate exceeds the marginal tax rate. In terms of individual income and wealth, a regressive tax imposes a greater burden on the poor than on the rich.


Source: http://en.wikipedia.org/wiki/Regressive_tax

Where is the Maldives Fair Trading Office? or is Corruption too much?

By: Mohamed Sanih - Rayyithu Meeha

Male to China flying 08 hours Fare - USD 460
Male to India flying 01hr 45 mins Fare - USD 265
Male to Bangladesh flying 05hours - Fare USD 360
Male to Gan 01 hour only but USD 435 (for foreigner: China national taken for comparison purpose)

The sole reason, again is there is no competition for Island Aviation, like Dhiraagu had a monopolistic market some years back. Also, there is no body monitoring it, to make sure, consumer prices are fairly priced.

Case in point: For example the UK Office of Fair Trading makes sure promoting and protecting consumer interests throughout the UK, while ensuring that businesses are fair and competitive. Including pricing of such products. Source: http://www.oft.gov.uk/

Where does the Maldives Government do that? Government and Business men alike are too corrupted in the Maldives.

For example: During the month of ramadan prices are double or tripled, despite the purchasing & other costs seems relatively same for the business men. Where is government intervention, to make sure products are reasonably priced? Simply selling via STO is not the final solution.

Corruption everywhere....


Prices taken for comparision on 12/05/2014 03.04am:

MALE to GAN return ticket is around
MRF. 2,333 for Maldivian or USD 151 and USD 435 for foreign national from China.

Sources: http://booking.maldivian.aero/CAB/IBE/ResultByPrice.aspx

Open up Guest Houses and City Hotels in islands where people live for the whole of Maldives; including Rajjetherey to Investors

Why not open up guest houses and city hotels in islands where people live for the whole of Maldives; including Rajjetherey to investors. And to people who are interested in investing.

This will directly benefit the island populations, by creating more jobs and sources of income.

Also, creating 05 / 10 or more resorts in each atoll which directly benefits the local island populations, and money doesn't go to central government (or at least 50% of tax collected is given to that respective atoll populations, for building better schools, hospitals, colleges, harbor, ferry services, naru dhama geh nizaam etc.)

Why only build City Hotels & Guest Houses in Male and Hulhumale? Why don't the whole of Maldives benefit from such investments and investors?

This will also, create and distribute wealth. So that islanders also reap the benefits of resorts in their atoll. As central government lacks the speed to build such facilities on time or is too corrupted to do so.

Support or Not to Support Death Penalty in Maldives?

So what is the solution by this page: https://www.facebook.com/whenstatekills?

Is to let the people who kill other people walk free. ..go to jail relax...have a nice vacation and come out in 06 months or one or two years time and kill another person again?

If one person is given capital punishment...then people will realize, that killing another person has a price, which paid by their own life.

With increase of gangs, and wide distribution of drugs...killing now is a daily habit in the Maldives...which i never saw or heard of when i was a kid...

Case in point: One of the largest and most influential democracy in the world, the United States also has capital punishment enforced.

Crimes which goes unpunished over time creates a spiral of new cycle of crimes...

Killing without capital punishment will lead to an increase of crimes and killers over time.

Here is a list of sources, which says capital punishment or death penalty has proved to reduce crime rates:

1) Several studies have demonstrated a link between executions and decreases in murder rates.

http://www.heritage.org/research/testimony/the-death-penalty-deters-crime-and-saves-lives

2) Studies Say Death Penalty Deters Crime: http://www.washingtonpost.com/wp-dyn/content/article/2007/06/11/AR2007061100406.html

Each execution deters an average of 18 murders, according to a 2003 nationwide study by professors at Emory University. (Other studies have estimated the deterred murders per execution at three, five and 14).

3) New wave of a dozen or more studies have appeared reporting deterrent effects of capital punishment that go well beyond Ehrlich's findings. The estimates of the deterrent effects are far greater, ranging from three to 32 murders deterred for each execution.

https://www.law.columbia.edu/law_school/communications/reports/summer06/capitalpunish

4) Homicides or Murder decrease 35.7% immediately following a publicized execution.

Source: http://www.jstor.org/discover/10.2307/2778855?uid=3738648&uid=2&uid=4&sid=21104145060503

2nd amendment to Pension Act on 24th April 2014 makes foreign employee participation in Maldives Retirement Pension Scheme is Voluntary

By: Mohamed Sanih - Rayyithu Meeha

If  Pension was mandatory, it will have a direct impact on the number of foreign workers working in this country and thereby in the long term, increase the number of jobs for the Maldivian Youth...

Of course the government and businessmen have a different agenda...despite government calling and promising more jobs for the locals, their actions state otherwise. They think the public is stupid...

Some countries like the UK, USA, Australia even neighboring Srilanka, have strict regulations & laws, which is followed for bringing in foreign workers into their country and which is strictly monitored. For example:
They have different levels & criteria for Skilled and Semi-Skilled workers and limit of foreign full time workers per year, per category etc. Which is done to give more opportunity for the youth of their country.

And what does the Maldivian government do? More and more of the youth of the Maldives, is unemployed, while more foreign workers enter the country each day. Where is the justice in that?

Our government doesn't have a systematic way of monitoring this or is too corrupted to monitor it.

Okay, some stupid ass person might comment on this post and tell that this is not the UK or US and we need foreign nationals or expatriates. I do agree to a certain extent on that point but not totally, as there are lot of Maldivians with degrees, masters who doesn't get a good salary or good job or is unemployed.

Also, for those levels, which locals can do the jobs also, the resorts & other companies, are hiring foreigners. For positions, such as waiters, butlers and room boys, we can see some resorts in the Maldives using foreigners. Thereby depriving the youth of the Maldives from jobs, what is this government doing to solve such problems?

Further, to state my point, if foreign workers, work in Male, he gets food, accomodation and salary but where as the local Maldivian with the same qualification and experience doesn't get the same benefits from the same Employer, now tell me where is the justice in that? As most Maldivians working in Male are not from Male and is from Rajjetherey...

Double standards by companies and government alike.

The youth of the Maldives need to make a stand.

Maldives doesn't need to depend on fuel imports, if you have the creativity to generate alternatives to fossil fuels

By: Mohamed Sanih - Rayyithu Meeha

1) Create alternatives to fuel dependancy, solar panels is one for electricity

2) Use of Ocean Currents & Waves to generate power e.g. http://en.wikipedia.org/wiki/Marine_current_power
http://www.popsci.com/science/article/2013-05/aqua-turbine

3) Conduct feasibility studies and brain storms to find the best alternatives to fossil fuels or fuel imports from abroad, to widen the government policy to create more self sufficient models in the Maldives, so we're less likely be affected from external shocks,  or changes in international markets.

How every Maldivian can be rich? How every islander can benefit from resorts?

If from each atoll 5 islands were given to be developed as resorts and the income / revenue of this is benefiting directly to the islanders in these atolls (and not collected by the central government), then the whole of Maldives, will be developed and every Maldivian will be rich...not just money in the hands of a few individuals, who want all the resorts and islands to themselves...05 islands is not much for each atoll comparatively, as the Maldives has nearly, 1,192 islands...This is a good concept of an idea, which i propose, but i have not undertaken a feasibility study, to see, how many resorts will actually be required.

Also, the Gini coefficient is very high in Maldives...for those who doesn't know what a Gini coefficient is commonly used as a measure of inequality of income or wealth.

Also, GDP per capita one of the highest in south asia is in the Maldives. GDP per capita as per Wikipedia is USD 5,973 (2011 estimate)

What does GDP per capita mean?
GDP = Gross Domestic Product
per capita = per person
This means - the average amount that the country produces per citizen.

The government think we're dumb, stupid, uneducated bunch of fools, but it's time the business men and government re-think their policies, towards the benefit of the common man.

Sources:
http://en.wikipedia.org/wiki/Maldives
http://en.wikipedia.org/wiki/List_of_islands_of_the_Maldives
http://en.wikipedia.org/wiki/Gini_coefficient

No amount of tax or money collected will be utilized properly by the Government ...unless you understand how to manage cashflow

No amount of tax or money collected will be utilized properly by the Government ...unless you understand how to manage cashflow, control corruption and control unnecessary wastage of public funds....

The tax we pay should be utilized properly, the spending of such public funds should be done in a transparent and accountable manner, which a layman can also understand...

Maldives MPs Exorbitant Salaries

The exorbitant pay hike that parliamentarians voted themselves is despite the Maldives’ crippling budget deficit of over US$370 million, Minivan News reported.

The news reported quoted a comparative list currently being circulated by protestors on the Majlis Membarunge Musaara Bodu kurumaa Dhekolhah’ Face book group lobbying against the recently-passed MP Privileges Bill.

“According to the comparison, an Indian MP earns US$5966 per month, a French MP US$6651 and an Italian MP US$6936,” it reported.

If the bill were ratified in its current state, a Maldivian MP would earn just US$215 a month less than MPs in Sweden, one of the world’s most highly developed economies and ranked ninth in the United Nations’ Human Development Index. The Maldives ranked 86th.

However, the Majlis MPs have voted themselves a total monthly salary increase from US$4863 to US$7083 (including base salary and allowances of $US1667), despite the country having a crippling budget deficit of over US$370 million, it said.

MPs were seeking to raise their salaries and allowances at a time when the country was in a “very critical economic situation”, and under pressure from the International Monetary Fund (IMF) to drastically cut the wage bill for civil servants and independent institutions, Ahmed Adheeb, a private sector financial consultant was quoted as saying in Minivan News.

“I hope the President does not ratify it, for the sake of the country,” he said, suggesting that neither parliament or the independent institutions had performed to a standard befitting a substantial pay increase in a climate of economic catastrophe.

“Parliament and independent institutions are trying to give themselves increased pay and benefits without justifying what the country is getting in return – for instance, the Anti-Corruption Commission (ACC) has not concluded a case since 2008,” he noted.

“We haven’t had an Auditor General appointed for over a year. Banks are investing in T-bills and bonds because they feel they are more secure, and so they are giving loans to the private sector. The Maldive Monetary Authority (MMA)’s foreign exchange reserve is falling. Everyone, including the IMF, has agreed we are in bad shape.”

While the deficit had improved to 16 percent of GDP, this was in part due to several “once-off” income events such as the US$78 million upfront payment from Indian infrastructure giant GMR, he added according to Minivan News.

DRP MP Rozaina Adam, who voted in favour of the MP Privileges Bill has told Minivan News that the party had a whip line “and most MPs wanted to pass it”.

She argued that the figure of Rf 62,500 (US$4883) commonly given as the MPs salary “is not our full salary – it includes our living allowances, phone bills, secretariat, travel.”

In the Maldives an MP’s salary “is also seen as a welfare fund by many people. If anything goes wrong, constituents go to their MPs. It has been like this for a long time now, and I feel we need to move out of it – these are things that are supposed to be done by the government, but it has been a tradition for a long time to ask MPs,” she said justifying the pay hike.

MP’s salaries compared :

Maldives

MP’s monthly salary (US $):7,083
(Base Salary: 5,416 & Allowance: 1,667)
GDP (US $) (2009 est): 1.683 billion
Current Account Balance (US $) (2009 est): -$370 million

Sri Lanka

MP’s monthly salary (US $):877
Plus Rs 500 for every parliamentary session
GDP (US $) (2009 est): 96.47 billion
Current Account Balance (US $) (2009 est):-$291 million

India

MP’s monthly salary (US $):5,966
GDP (US $) (2009 est):3.68 trillion
Current Account Balance (US $) (2009 est):-$26.63 billion

Singapore

MP’s monthly salary (US $):9,264
GDP (US $) (2009 est):251.2 billion
Current Account Balance (US $) (2009 est):32.63 billion

UK

MP’s monthly salary (US $):8,552
GDP (US $) (2009 est):2.123 trillion
Current Account Balance (US $) (2009 est):-$23.65 billion

US

MP’s monthly salary (US $):14,500
GDP (US $) (2009 est):14.12 trillion
Current Account Balance (US $) (2009 est):-$378.4 billion

Australia

MP’s monthly salary (US $):9,687
GDP (US $) (2009 est):321.6 billion
Current Account Balance (US $) (2009 est):8.73 billion

France

MP’s monthly salary (US $):6,651
GDP (US $) (2009 est):2.094 trillion
Current Account Balance (US $) (2009 est):-$51.86 billion

Italy

MP’s monthly salary (US $):6,936
GDP (US $) (2009 est):1.737 trillion
Current Account Balance (US $) (2009 est):-$66.2 billion

Sweden

MP’s monthly salary (US $):7,298
GDP (US $) (2009 est):335.1 billion
Current Account Balance (US $) (2009 est):30.23 billion

http://www.asiantribune.com/news/2011/01/13/maldivian-parliamentarians-earn-salaries-par-sweden

http://minivannews.com/politics/privileges-bill-will-see-maldivian-mps-earning-on-par-with-sweden-14997

Cause of all Evil, Drugs, Gangs and Corruption...Follow the Money...who gets:

The cause of all evil, drugs, gangs and corruption...follow the money...who gets:

To take this into a simplified perspective or example:

Let's take an average Maldivian who earns MRF.15,000 per month, with no additional sources of revenue and , doesn't do business. And if occasionally per month he is receiving amounts of  MRF. 50,000 or MRF. 100,000 or MRF 1,000,000 this seriously calls into question where he is earning this money and how he is getting this money?

1) How much per month? (is it earned legally or illegally)
2) How does he earn this income? (without working or doing a job, or having a business; does the government have a means or measure of tracking such things)?
3) Is he getting this money from selling drugs?
4) Is he getting this money from business men by selling deals under the table as a member of parliament?
5) Is he getting this money from selling propaganda media?
6) Is he getting this money from buying votes or selling votes?
7) Is he getting this money by involving with foreign mafia?
8) Is he getting this money from international terrorists?

Just a few questions which pops into my mind, when think about these type of things...

No money can be hidden...all financial transactions has to go through an account whether international or local...proper, measure and control, evaluation, cross checking, auditing of fraudulent or misleading financial transactions...with the corporation of international corporations and countries will ensure crimes & drugs in this country is reduced...

Unless such person have all their cash in a room at their house :-), which is highly unlikely.....

Simple Systematic way to Check how much is your Average Politician,individual,worker,person Corrupted in the Maldives? (Money Laundering in the Maldives)

If the Maldives Inland Revenue Authority, Anti Corruption Commission, works in co-ordination with banks and organizations / companies, we can easily monitor, how much is your average politician,individual,worker,person corrupted in the Maldives? or earning illegitimately per month / per year?

I know this may sound futuristic or some may say idealistic, but i feel this can be implemented and should be implemented in the Maldives.

To take this into a simplified perspective or example:

Let's take an average Maldivian who earns MRF.15,000 per month, with no additional sources of revenue and , doesn't do business. And if occasionally per month he is receiving amounts of  MRF. 50,000 or MRF. 100,000 or MRF 1,000,000 this seriously calls into question where he is earning this money and how he is getting this money?

1) Is he getting this money from selling drugs?
2) Is he getting this money from business men by selling deals under the table as a member of parliament?
3) Is he getting this money from selling propaganda media?
4) Is he getting this money from buying votes or selling votes?
5) Is he getting this money by involving with foreign mafia?
6) Is he getting this money from international terrorists?

The reason, i say this can be monitored is the fact, that we all are linked in the world of online financial transactions, and anyone receiving any funds to any bank whether inside or outside of the country as a Maldivian national can and should be monitored? In co-ordination with local and international banks and government organizations.

Even if Income Tax is not yet introduced, MIRA can be actively, involved in these issues, as these are sources of generating revenue which can or maybe be considered as business revenue generation models, although not ethical or legal.

What i have mentioned above is not a detailed framework, guideline or regulation but the mere idea that this can be and should be monitored, so that corruption is tackled at the basic level.

I here by quote from International Monetary Fund Report:

a) Maldives: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism:

Quote from the report: "Financial sector of the Maldives, although small and not very developed, is susceptible to both money laundering and, to a lesser extent, terrorist financing. While the authorities do not have estimates of the size of the crime economy, anecdotal evidence suggest that trafficking in illegal drugs and corruption alone produce significant amounts of illegal funds. There are also indications that resources have been raised in the country to fund terrorists and terrorist activities abroad."

http://www.amlabc.com/aml-category/aml-case-studies/maldives-detailed-assessment-report-on-anti-money-laundering-and-combating-the-financing-of-terrorism/

http://www.imf.org/external/pubs/ft/scr/2012/cr1201.pdf

I hereby quote from Minivan News:

b) MPs warned of consequences of failure to pass anti-money laundering legislation: read more here: http://minivannews.com/politics/mps-warned-of-consequences-of-failure-to-pass-anti-money-laundering-legislation-77548

I call upon the current government, Raees Yameen and the Coalition Majority Parliament and PPM, to implement these kind of stringent controls to strengthen our financial network / system, as soon as possible.


Sincerely,
Mohamed Sanih - Rayyithu Meeha

Corruption even in the Maldives Police

In regard to the cancelled October 19 presidential election, it was reported that “Police abdication of their responsibility prevented the elections from occurring”.

The Police Integrity Commission (PIC) identified eight cases of police brutality and sent six to the Prosecutor General’s Office (PGO) for prosecution. The PIC recommended administrative action against all the officers. Authorities dismissed one officer, while five others remained with the police, including one who was promoted. At year’s end two of the six cases submitted to the PGO had been dismissed for lack of evidence, three cases had been filed at the courts for prosecution, and one had yet to be decided.

Mohamed Sanih - Rayyithu Meeha

Sources: http://www.state.gov/j/drl/rls/hrrpt/humanrightsreport/index.htm?year=2013&dlid=220399#wrapper

Discrimination between Foreign and Local Staff in Male

If you're a foreigner the government, the company is obliged to provide food & accommodation for such staff in Male.

However, if you're a local or Maldivian from Rajjetherey, with the same qualifications and experience as the foreigner, still the government or company doesn't provide food and accommodation in Male?

Now if this is not discrimination then, what is this?

Where is the justice, where is the employment law, where are the people who fight on employee rights or to protect the rights of the local people?...

All we have are a bunch of hypocrites in our parliament and elected government officials, including the president...

Media Plays a vital role in holding Politicians Accountable

The media plays a vital role in holding politicians accountable....For example past promises by politicians on previous elections (on live television or radio) should be recorded and followed up on subsequent elections...

Questions should be asked by the media and journalists why the politicians failed to deliver on their promises which was promised in their last election? For example, every candidate contesting need to be re-evaluated on the basis of their promises and what was actually delivered or done for his dhaaira from where he was elected?

Unfortunately, our country doesn't have an independent media, its always one sided, for example Villa TV, Dhi Tv, MBC, Sun FM, Haveeru is PPM and Rajjey TV is MDP...so where is the impartial media in our country?

We don't need propaganda media, we need real impartial media...

Mohamed Sanih - Rayyithu Meeha

U.S. Concerns on Dismissal of Maldivian Elections Commissioners

United States led international criticism of the Maldives on Tuesday after the island nation's top court sacked its election commissioner two weeks before polls, questioning its commitment to democracy.

"These actions (of sacking) represent an unprecedented expansion of judicial powers which undermines an independent democratic institution that has made laudable efforts to hold multiple successful elections despite previous judicial interference," State Department spokesperson Jen Psaki said in a statement.

"The Supreme Court's insistence on holding parliamentary elections on March 22 while imprisoning the very official responsible for holding those elections calls into serious question the government's commitment to democracy," she said.

Sources:

http://www.deccanchronicle.com/140311/world-neighbours/article/us-criticises-maldives-over-sacking-elections-chief-0

http://www.state.gov/r/pa/prs/ps/2014/03/223227.htm

List of South Asian countries by GDP per capita - 3rd Highest Maldives USD 4,603 per citizen

GDP per capita - 3rd Highest Maldives USD 4,603 per citizen, now the question is does the average Maldivian earn USD 4,603?

Bhutan - $6,962

Sri Lanka - $6,765

Maldives - $4,603

Nepal - $3,397

Pakistan - $2,594

India - $2,563

Bangladesh - $1,311

Afghanistan - $733

Source: http://en.wikipedia.org/wiki/List_of_Asian_countries_by_GDP_per_capita

What does GDP per capita mean?

GDP = Gross Domestic Product 

per capita = per person 

This means - the average amount that the country produces per citizen.