High income OECD countries 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 | Luxembourg | $104,421.43 per capita | 2010 | ||
2 | Norway | $84,595.13 per capita | 2007 | ||
3 | Switzerland | $66,408.19 per capita | 2010 | ||
4 | Iceland | $66,240.30 per capita | 2007 | ||
5 | Ireland | $62,933.70 per capita | 2007 | ||
6 | Denmark | $57,039.71 per capita | 2007 | ||
7 | Sweden | $50,414.75 per capita | 2007 | ||
8 | Finland | $46,769.47 per capita | 2007 | ||
9 | Netherlands | $46,389.35 per capita | 2007 | ||
10 | United States | $45,958.70 per capita | 2007 | ||
11 | United Kingdom | $45,626.38 per capita | 2007 | ||
12 | Austria | $45,598.77 per capita | 2007 | ||
13 | Australia | $44,474.51 per capita | 2007 | ||
14 | Belgium | $43,648.01 per capita | 2007 | ||
15 | Canada | $42,886.91 per capita | 2007 | ||
16 | Germany | $40,315.05 per capita | 2007 | ||
17 | Spain | $35,576.38 per capita | 2007 | ||
18 | France | $35,240.62 per capita | 2006 | ||
19 | Japan | $34,402.26 per capita | 2007 | ||
20 | Italy | $33,599.20 per capita | 2010 | ||
21 | New Zealand | $31,124.18 per capita | 2007 | ||
22 | Greece | $29,384.60 per capita | 2007 | ||
23 | Israel | $25,191.86 per capita | 2007 | ||
24 | Slovenia | $22,933.99 per capita | 2007 | ||
25 | Portugal | $20,981.25 per capita | 2007 | ||
26 | South Korea | $19,514.81 per capita | 2007 | ||
27 | Czech Republic | $17,137.98 per capita | 2007 | ||
28 | Slovakia | $16,264.13 per capita | 2010 | ||
29 | Estonia | $16,171.29 per capita | 2007 | ||
30 | Poland | $12,307.90 per capita | 2010 | ||
31 | Chile | $10,058.50 per capita | 2007 |