×

Former French 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 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

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-French-colonies/Economy/GDP/Official-exchange-rate

Former French colonies Compared by Economy > GDP > Official exchange rate

NationMaster

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.
Follow us on Facebook to get interesting stats: