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