East Asia and Pacific 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. Figures expressed per capita for the same year.
CONTENTS
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# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
1 | Australia | $55,290.43 | 2010 | ||
2 | Singapore | $46,073.24 | 2010 | ||
3 | Japan | $42,298.79 | 2010 | ||
4 | New Zealand | $31,594.85 | 2010 | ||
5 | Brunei | $29,857.53 | 2010 | ||
6 | South Korea | $19,961.55 | 2010 | ||
7 | Palau | $8,107.57 | 2008 | ||
8 | Malaysia | $7,745.13 | 2010 | ||
9 | Thailand | $4,707.67 | 2010 | ||
10 | China | $4,294.67 | 2010 | ||
11 | Fiji | $3,665.06 | 2010 | ||
12 | Marshall Islands | $3,095.03 | 2008 | ||
13 | Vanuatu | $3,051.22 | 2010 | ||
14 | Samoa | $2,956.53 | 2010 | ||
15 | Tonga | $2,891.51 | 2010 | ||
16 | Indonesia | $2,888.11 | 2010 | ||
17 | Federated States of Micronesia | $2,278.51 | 2008 | ||
18 | Mongolia | $2,140.64 | 2010 | ||
19 | Philippines | $2,019.38 | 2010 | ||
20 | Tuvalu | $1,567.68 | 2002 | ||
21 | Kiribati | $1,555.10 | 2010 | ||
22 | Papua New Guinea | $1,284.31 | 2010 | ||
23 | Solomon Islands | $1,280.28 | 2010 | ||
24 | Vietnam | $1,173.32 | 2010 | ||
25 | North Korea | $1,148.87 | 2009 | ||
26 | Laos | $991.45 | 2010 | ||
27 | Cambodia | $790.81 | 2010 | ||
28 | Burma | $686.48 | 2010 | ||
29 | East Timor | $539.17 | 2010 |