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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 Liechtenstein $142,768.82 2008
2 Luxembourg $103,421.82 2010
3 Norway $84,573.26 2010
4 Switzerland $66,761.16 2010
5 Denmark $56,221.67 2010
6 San Marino $50,003.26 2009
7 Sweden $47,408.19 2010
8 Ireland $46,554.19 2010
9 Netherlands $46,360.62 2010
10 Finland $44,375.23 2010
11 Austria $43,660.31 2010
12 Belgium $42,338.25 2010
13 Germany $40,427.05 2010
14 Iceland $40,403.60 2010
15 France $39,288.81 2010
16 United Kingdom $36,276.82 2010
17 Italy $33,678.67 2010
18 Spain $29,845.26 2010
19 Greece $26,707.93 2010
20 Slovenia $22,669.33 2010
21 Portugal $21,029.68 2010
22 Cyprus $20,612.77 2010
23 Malta $18,752.63 2010
24 Czech Republic $18,555.50 2010
25 Slovakia $16,279.63 2010
26 Estonia $14,028.17 2010
27 Croatia $13,563.31 2010
28 Hungary $13,229.97 2010
29 Poland $12,308.92 2010
30 Lithuania $10,870.69 2010
31 Latvia $10,446.59 2010
32 Russia $10,372.99 2010
33 Turkey $10,107.08 2010
34 Romania $7,388.75 2010
35 Bulgaria $5,951.46 2010
36 Azerbaijan $5,761.88 2010
37 Belarus $5,573.23 2010
38 Bosnia and Herzegovina $4,243.45 2010
39 Albania $3,745.86 2010
40 Armenia $2,979.59 2010
41 Ukraine $2,977.94 2010
42 Georgia $2,522.01 2010
43 Moldova $1,503.90 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/Europe/Economy/GDP/Official-exchange-rate-per-capita

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

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