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Latin America and Caribbean 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 Cayman Islands $47,010.15 per capita 2008
2 Aruba $22,512.46 per capita 2005
3 The Bahamas $21,547.17 per capita 2007
4 Trinidad and Tobago $16,088.47 per capita 2010
5 Barbados $14,516.48 per capita 2010
6 Antigua and Barbuda $12,348.32 per capita 2010
7 Uruguay $12,128.40 per capita 2010
8 Saint Kitts and Nevis $10,807.69 per capita 2010
9 Brazil $10,611.71 per capita 2010
10 Chile $10,058.50 per capita 2007
11 Venezuela $9,084.09 per capita 2007
12 Argentina $8,755.00 per capita 2010
13 Mexico $8,218.88 per capita 2007
14 Panama $7,986.35 per capita 2010
15 Costa Rica $7,673.87 per capita 2010
16 Suriname $6,280.00 per capita 2010
17 Grenada $6,201.92 per capita 2010
18 Saint Lucia $6,005.07 per capita 2010
19 Dominica $5,514.71 per capita 2010
20 Dominican Republic $5,423.92 per capita 2010
21 Saint Vincent and the Grenadines $5,348.62 per capita 2010
22 Peru $5,210.11 per capita 2010
23 Cuba $5,114.24 per capita 2010
24 Jamaica $5,077.93 per capita 2010
25 Belize $4,327.67 per capita 2007
26 Ecuador $3,949.15 per capita 2010
27 Colombia $3,866.64 per capita 2007
28 El Salvador $3,520.10 per capita 2010
29 Guatemala $2,838.81 per capita 2010
30 Guyana $2,799.10 per capita 2010
31 Paraguay $2,756.02 per capita 2010
32 Bolivia $1,839.61 per capita 2010
33 Honduras $1,640.89 per capita 2007
34 Nicaragua $1,101.42 per capita 2010
35 Haiti $644.01 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/Latin-America-and-Caribbean/Economy/GDP/Official-exchange-rate/Per-capita

Latin America and Caribbean Compared by Economy > GDP > Official exchange rate > Per capita

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