Emerging markets Compared by Economy > GDP > Official exchange rate > Per capita
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DEFINITION:
This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at offical exchange rates (OER) is the home-currency-denominated annual GDP figure divided by the bilateral average US exchange rate with that country in that year. The measure is simple to compute and gives a precise measure of the value of output. Many economists prefer this measure when gauging the economic power an economy maintains vis-a-vis its neighbors, judging that an exchange rate captures the purchasing power a nation enjoys in the international marketplace. Official exchange rates, however, can be artifically fixed and/or subject to manipulation - resulting in claims of the country having an under- or over-valued currency - and are not necessarily the equivalent of a market-determined exchange rate. Moreover, even if the official exchange rate is market-determined, market exchange rates are frequently established by a relatively small set of goods and services (the ones the country trades) and may not capture the value of the larger set of goods the country produces. Furthermore, OER-converted GDP is not well suited to comparing domestic GDP over time, since appreciation/depreciation from one year to the next will make the OER GDP value rise/fall regardless of whether home-currency-denominated GDP changed. Per capita figures expressed per 1 population.
CONTENTS
# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
1 | Estonia | $16,171.29 per capita | 2007 | ||
2 | Hungary | $13,901.01 per capita | 2007 | ||
3 | Poland | $12,307.90 per capita | 2010 | ||
4 | Latvia | $12,098.36 per capita | 2007 | ||
5 | Lithuania | $10,725.96 per capita | 2007 | ||
6 | Brazil | $10,611.71 per capita | 2010 | ||
7 | Chile | $10,058.50 per capita | 2007 | ||
8 | Turkey | $9,889.72 per capita | 2010 | ||
9 | Russia | $9,124.49 per capita | 2007 | ||
10 | Venezuela | $9,084.09 per capita | 2007 | ||
11 | Argentina | $8,755.00 per capita | 2010 | ||
12 | Mexico | $8,218.88 per capita | 2007 | ||
13 | Malaysia | $7,944.62 per capita | 2010 | ||
14 | Romania | $7,451.95 per capita | 2007 | ||
15 | South Africa | $7,089.23 per capita | 2010 | ||
16 | Bulgaria | $5,409.09 per capita | 2007 | ||
17 | Peru | $5,210.11 per capita | 2010 | ||
18 | Thailand | $4,662.82 per capita | 2010 | ||
19 | China | $4,288.19 per capita | 2010 | ||
20 | Colombia | $3,866.64 per capita | 2007 | ||
21 | Ukraine | $3,034.57 per capita | 2007 | ||
22 | Indonesia | $2,926.04 per capita | 2010 | ||
23 | Philippines | $2,007.16 per capita | 2010 | ||
24 | India | $972.68 per capita | 2007 | ||
25 | Pakistan | $872.88 per capita | 2007 |
Citation
Interesting observations about Economy > GDP > Official exchange rate > Per capita
- Liechtenstein ranked first for GDP > official exchange rate > per capita amongst Cold countries in 2008.
- 11 of the bottom 131 countries by GDP > official exchange rate > per capita are European.
- 12 of the bottom 205 countries by GDP > official exchange rate > per capita are Western European.
- 100 of the bottom 205 countries by GDP > official exchange rate > per capita are Christian.
- 20 of the bottom 129 countries by GDP > official exchange rate > per capita are Catholic.
- 26 of the bottom 75 countries by GDP > official exchange rate > per capita are Landlocked.