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Former British colonies 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 United States $16.02 trillion 2012
2 India $1.82 trillion 2012
3 Canada $1.80 trillion 2012
4 Australia $1.52 trillion 2012
5 United Arab Emirates $378.60 billion 2012
6 Malaysia $300.60 billion 2012
7 Singapore $272.80 billion 2012
8 Nigeria $266.60 billion 2012
9 Israel $254.00 billion 2012
10 Egypt $253.30 billion 2012
11 Pakistan $222.50 billion 2012
12 Qatar $189.80 billion 2012
13 Kuwait $182.00 billion 2012
14 New Zealand $167.50 billion 2012
15 Bangladesh $121.30 billion 2012
16 Sudan $59.68 billion 2012
17 Sri Lanka $58.60 billion 2012
18 Burma $54.53 billion 2012
19 Kenya $40.15 billion 2012
20 Ghana $39.89 billion 2012
21 Yemen $34.90 billion 2012
22 Jordan $30.79 billion 2012
23 Tanzania $27.86 billion 2012
24 Bahrain $26.75 billion 2012
25 Trinidad and Tobago $25.40 billion 2012
26 Uganda $20.96 billion 2012
27 Zambia $20.31 billion 2012
28 Brunei $16.72 billion 2012
29 Jamaica $14.64 billion 2012
30 Botswana $14.23 billion 2012
31 Namibia $12.90 billion 2012
32 Zimbabwe $9.67 billion 2013
33 The Bahamas $8.04 billion 2012
34 Barbados $4.17 billion 2012
35 Malawi $4.12 billion 2012
36 Fiji $3.97 billion 2012
37 Sierra Leone $3.74 billion 2012
38 Swaziland $3.70 billion 2012
39 Guyana $2.79 billion 2012
40 Lesotho $2.43 billion 2012
41 Somalia $2.37 billion 2010
42 Bhutan $2.14 billion 2012
43 Maldives $2.08 billion 2012
44 Belize $1.56 billion 2012
45 Saint Lucia $1.30 billion 2012
46 Antigua and Barbuda $1.16 billion 2012
47 The Gambia $895.70 million 2012
48 Grenada $779.30 million 2012
49 Saint Kitts and Nevis $724.10 million 2012
50 Dominica $473.50 million 2012
51 Tuvalu $39.46 million 2012

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/Former-British-colonies/Economy/GDP/Official-exchange-rate

Former British colonies 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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