Former French colonies Compared by Economy > GDP > Official exchange rate
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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.
CONTENTS
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# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
1 | Algeria | $206.50 billion | 2012 | ||
2 | Vietnam | $153.50 billion | 2012 | ||
3 | Morocco | $94.83 billion | 2012 | ||
4 | Syria | $64.70 billion | 2011 | ||
5 | Tunisia | $44.79 billion | 2012 | ||
6 | Lebanon | $40.78 billion | 2012 | ||
7 | Cameroon | $25.01 billion | 2012 | ||
8 | Cote d'Ivoire | $24.37 billion | 2012 | ||
9 | Gabon | $18.15 billion | 2012 | ||
10 | Mozambique | $14.05 billion | 2012 | ||
11 | Cambodia | $13.93 billion | 2012 | ||
12 | Senegal | $13.89 billion | 2012 | ||
13 | Chad | $12.73 billion | 2012 | ||
14 | Burkina Faso | $10.89 billion | 2012 | ||
15 | Mali | $10.18 billion | 2012 | ||
16 | Madagascar | $9.98 billion | 2012 | ||
17 | Laos | $9.05 billion | 2012 | ||
18 | Haiti | $7.79 billion | 2012 | ||
19 | Benin | $7.46 billion | 2012 | ||
20 | Niger | $6.49 billion | 2012 | ||
21 | Guinea | $5.56 billion | 2012 | ||
22 | Mauritania | $3.89 billion | 2012 | ||
23 | Togo | $3.77 billion | 2012 | ||
24 | Central African Republic | $2.14 billion | 2012 | ||
25 | Djibouti | $1.34 billion | 2012 |