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East Asia and Pacific Compared by Economy > GDP > Official exchange rate > Per capita

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 Singapore $46,073.24 per capita 2010
2 Australia $44,474.51 per capita 2007
3 Japan $34,402.26 per capita 2007
4 New Zealand $31,124.18 per capita 2007
5 Brunei $29,974.94 per capita 2010
6 South Korea $19,514.81 per capita 2007
7 Taiwan $16,768.11 per capita 2007
8 Malaysia $7,944.62 per capita 2010
9 Palau $7,775.09 per capita 2008
10 Thailand $4,662.82 per capita 2010
11 China $4,288.19 per capita 2010
12 Fiji $3,663.18 per capita 2010
13 Vanuatu $3,004.17 per capita 2010
14 Samoa $2,940.67 per capita 2010
15 Indonesia $2,926.04 per capita 2010
16 Tonga $2,894.23 per capita 2010
17 Marshall Islands $2,559.60 per capita 2008
18 Federated States of Micronesia $2,211.49 per capita 2008
19 Philippines $2,007.16 per capita 2010
20 Kiribati $1,520.00 per capita 2010
21 Mongolia $1,322.93 per capita 2007
22 Papua New Guinea $1,314.19 per capita 2010
23 Solomon Islands $1,270.10 per capita 2010
24 North Korea $1,114.08 per capita 2007
25 Laos $1,017.78 per capita 2010
26 Vietnam $821.23 per capita 2007
27 Cambodia $614.75 per capita 2007
28 East Timor $548.04 per capita 2010
29 Burma $285.60 per capita 2007

Citation

"Countries Compared by Economy > GDP > Official exchange rate > Per capita. 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/East-Asia-and-Pacific/Economy/GDP/Official-exchange-rate/Per-capita

East Asia and Pacific Compared by Economy > GDP > Official exchange rate > Per capita

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