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NATO countries 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 Luxembourg $104,421.43 per capita 2010
2 Norway $84,595.13 per capita 2007
3 Iceland $66,240.30 per capita 2007
4 Denmark $57,039.71 per capita 2007
5 Netherlands $46,389.35 per capita 2007
6 United Kingdom $45,626.38 per capita 2007
7 Belgium $43,648.01 per capita 2007
8 Canada $42,886.91 per capita 2007
9 Germany $40,315.05 per capita 2007
10 Spain $35,576.38 per capita 2007
11 France $35,240.62 per capita 2006
12 Italy $33,599.20 per capita 2010
13 Greece $29,384.60 per capita 2007
14 Slovenia $22,933.99 per capita 2007
15 Portugal $20,981.25 per capita 2007
16 Czech Republic $17,137.98 per capita 2007
17 Slovakia $16,264.13 per capita 2010
18 Estonia $16,171.29 per capita 2007
19 Hungary $13,901.01 per capita 2007
20 Poland $12,307.90 per capita 2010
21 Latvia $12,098.36 per capita 2007
22 Croatia $11,430.32 per capita 2007
23 Lithuania $10,725.96 per capita 2007
24 Turkey $9,889.72 per capita 2010
25 Romania $7,451.95 per capita 2007
26 Bulgaria $5,409.09 per capita 2007
27 Albania $3,693.27 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/NATO-countries/Economy/GDP/Official-exchange-rate/Per-capita

NATO countries Compared by Economy > GDP > Official exchange rate > Per capita

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