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Eastern Europe 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 Slovenia $22,669.33 2010
2 Czech Republic $18,555.50 2010
3 Slovakia $16,279.63 2010
4 Croatia $13,563.31 2010
5 Hungary $13,229.97 2010
6 Poland $12,308.92 2010
7 Russia $10,372.99 2010
8 Romania $7,388.75 2010
9 Bulgaria $5,951.46 2010
10 Azerbaijan $5,761.88 2010
11 Belarus $5,573.23 2010
12 Bosnia and Herzegovina $4,243.45 2010
13 Albania $3,745.86 2010
14 Armenia $2,979.59 2010
15 Ukraine $2,977.94 2010
16 Georgia $2,522.01 2010
17 Moldova $1,503.90 2010

Citation

Eastern Europe Compared by Economy > GDP > Official exchange rate per capita

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Interesting observations about Economy > GDP > Official exchange rate per capita

  • Qatar ranked first for GDP > official exchange rate per capita amongst Hot countries in 2010.
  • United States ranked first for GDP > official exchange rate per capita amongst Heavily indebted countries in 2010.
  • Liechtenstein ranked first for GDP > official exchange rate per capita amongst Christian countries in 2008.
  • Australia ranked second for GDP > official exchange rate per capita amongst Former British colonies in 2010.
  • Luxembourg ranked first for GDP > official exchange rate per capita amongst European Union in 2010.
  • Kuwait ranked second for GDP > official exchange rate per capita amongst Muslim countries in 2010.
  • Iraq ranked first for GDP > official exchange rate per capita amongst Failed states in 2010.
  • Equatorial Guinea ranked first for GDP > official exchange rate per capita amongst Sub-Saharan Africa in 2010.
  • Norway ranked third for GDP > official exchange rate per capita globally in 2010.
  • Estonia ranked first for GDP > official exchange rate per capita amongst Emerging markets in 2010.
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