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Sub-Saharan Africa Compared by Economy > GDP > Official exchange rate

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.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 South Africa $379.10 billion 2012
2 Nigeria $266.60 billion 2012
3 Angola $113.70 billion 2012
4 Sudan $59.68 billion 2012
5 Ethiopia $41.94 billion 2012
6 Kenya $40.15 billion 2012
7 Ghana $39.89 billion 2012
8 Tanzania $27.86 billion 2012
9 Cameroon $25.01 billion 2012
10 Cote d'Ivoire $24.37 billion 2012
11 Uganda $20.96 billion 2012
12 Zambia $20.31 billion 2012
13 Gabon $18.15 billion 2012
14 Equatorial Guinea $17.45 billion 2012
15 Democratic Republic of the Congo $17.01 billion 2012
16 Botswana $14.23 billion 2012
17 Mozambique $14.05 billion 2012
18 Senegal $13.89 billion 2012
19 Namibia $12.90 billion 2012
20 Chad $12.73 billion 2012
21 Mauritius $11.31 billion 2012
22 Burkina Faso $10.89 billion 2012
23 Mali $10.18 billion 2012
24 South Sudan $10.08 billion 2012
25 Madagascar $9.98 billion 2012
26 Zimbabwe $9.67 billion 2013
27 Benin $7.46 billion 2012
28 Rwanda $7.01 billion 2012
29 Niger $6.49 billion 2012
30 Guinea $5.56 billion 2012
31 Malawi $4.12 billion 2012
32 Mauritania $3.89 billion 2012
33 Togo $3.77 billion 2012
34 Sierra Leone $3.74 billion 2012
35 Swaziland $3.70 billion 2012
36 Eritrea $3.05 billion 2012
37 Burundi $2.44 billion 2012
38 Lesotho $2.43 billion 2012
39 Somalia $2.37 billion 2010
40 Central African Republic $2.14 billion 2012
41 Cape Verde $1.80 billion 2012
42 Liberia $1.71 billion 2012
43 Djibouti $1.34 billion 2012
44 Seychelles $1.02 billion 2012
45 The Gambia $895.70 million 2012
46 Guinea-Bissau $811.90 million 2012
47 Comoros $587.90 million 2012
48 Sao Tome and Principe $259.40 million 2012

Citation

"Countries Compared by Economy > GDP > Official exchange rate. 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/Sub--Saharan-Africa/Economy/GDP/Official-exchange-rate

Sub-Saharan Africa Compared by Economy > GDP > Official exchange rate

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