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Catholic countries Compared by Economy > GDP > Official exchange rate

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

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 France $2.58 trillion 2012
2 Brazil $2.22 trillion 2012
3 Italy $1.99 trillion 2012
4 Spain $1.31 trillion 2012
5 Mexico $1.16 trillion 2012
6 Poland $483.20 billion 2012
7 Argentina $468.80 billion 2012
8 Venezuela $376.10 billion 2012
9 Colombia $364.00 billion 2012
10 Chile $264.50 billion 2012
11 Philippines $246.80 billion 2012
12 Portugal $209.60 billion 2012
13 Ireland $208.00 billion 2012
14 Peru $196.20 billion 2012
15 Slovakia $90.67 billion 2012
16 Ecuador $82.90 billion 2012
17 Cuba $72.30 billion 2012
18 Luxembourg $56.37 billion 2012
19 Croatia $55.71 billion 2012
20 Guatemala $49.55 billion 2012
21 Costa Rica $44.50 billion 2012
22 Lithuania $41.57 billion 2012
23 Panama $35.76 billion 2012
24 Bolivia $26.86 billion 2012
25 Paraguay $25.72 billion 2012
26 Cote d'Ivoire $24.37 billion 2012
27 Equatorial Guinea $17.45 billion 2012
28 Haiti $7.79 billion 2012
29 East Timor $6.21 billion 2013
30 Liechtenstein $5.11 billion 2010
=31 Andorra $4.80 billion 2012
=31 Austria $4.80 billion 2012
33 Eritrea $3.05 billion 2012
34 Aruba $2.52 billion 2009
35 Burundi $2.44 billion 2012
36 San Marino $1.83 billion 2012
37 Cape Verde $1.80 billion 2012
38 British Virgin Islands $1.09 billion 2008
39 Seychelles $1.02 billion 2012
40 Dominica $473.50 million 2012
41 Palau $221.00 million 2011

Citation

"Countries Compared by Economy > GDP > Official exchange rate. International Statistics at NationMaster.com", CIA World Factbooks 18 December 2003 to 28 March 2011. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/group-stats/Catholic-countries/Economy/GDP/Official-exchange-rate

Catholic countries Compared by Economy > GDP > Official exchange rate

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Interesting observations about Economy > GDP > Official exchange rate

  • 5 of the top 7 countries by GDP > official exchange rate are Heavily indebted.
  • 2 of the top 3 countries by GDP > official exchange rate are Cold countries'.
  • 9 of the top 15 countries by GDP > official exchange rate are Christian.
  • 72 of the top 147 countries by GDP > official exchange rate are Hot countries.
  • United States has ranked in the top 2 for GDP > official exchange rate since 2005.
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