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East Asia and Pacific 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. Figures expressed per capita for the same year.

CONTENTS

# 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

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. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/group-stats/East-Asia-and-Pacific/Economy/GDP/Official-exchange-rate-per-capita

East Asia and Pacific Compared by Economy > GDP > Official exchange rate per capita

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