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Former Spanish colonies 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 Equatorial Guinea $20,785.71 per capita 2010
2 Uruguay $12,128.40 per capita 2010
3 Chile $10,058.50 per capita 2007
4 Venezuela $9,084.09 per capita 2007
5 Argentina $8,755.00 per capita 2010
6 Mexico $8,218.88 per capita 2007
7 Panama $7,986.35 per capita 2010
8 Costa Rica $7,673.87 per capita 2010
9 Dominican Republic $5,423.92 per capita 2010
10 Peru $5,210.11 per capita 2010
11 Cuba $5,114.24 per capita 2010
12 Ecuador $3,949.15 per capita 2010
13 Colombia $3,866.64 per capita 2007
14 El Salvador $3,520.10 per capita 2010
15 Guatemala $2,838.81 per capita 2010
16 Paraguay $2,756.02 per capita 2010
17 Philippines $2,007.16 per capita 2010
18 Bolivia $1,839.61 per capita 2010
19 Honduras $1,640.89 per capita 2007
20 Nicaragua $1,101.42 per capita 2010

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/Former-Spanish-colonies/Economy/GDP/Official-exchange-rate/Per-capita

Former Spanish colonies Compared by Economy > GDP > Official exchange rate > Per capita

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