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. Per capita figures expressed per 1 population.


1 Slovenia $22,933.99 per capita 2007
2 Czech Republic $17,137.98 per capita 2007
3 Slovakia $16,264.13 per capita 2010
4 Hungary $13,901.01 per capita 2007
5 Poland $12,307.90 per capita 2010
6 Croatia $11,430.32 per capita 2007
7 Russia $9,124.49 per capita 2007
8 Romania $7,451.95 per capita 2007
9 Azerbaijan $5,798.34 per capita 2010
10 Bulgaria $5,409.09 per capita 2007
11 Serbia and Montenegro $5,326.64 per capita 2010
12 Belarus $4,603.73 per capita 2007
13 Bosnia and Herzegovina $4,246.54 per capita 2010
14 Albania $3,693.27 per capita 2010
15 Ukraine $3,034.57 per capita 2007
16 Armenia $2,683.36 per capita 2007
17 Georgia $2,531.33 per capita 2010
18 Moldova $1,503.17 per capita 2010


"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/Eastern-Europe/Economy/GDP/Official-exchange-rate/Per-capita

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


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

Follow us on Facebook to get interesting stats: