Former French colonies Compared by Economy > GDP > Official exchange rate

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.


1 Algeria $206.50 billion 2012
2 Vietnam $153.50 billion 2012
3 Morocco $94.83 billion 2012
4 Syria $64.70 billion 2011
5 Tunisia $44.79 billion 2012
6 Lebanon $40.78 billion 2012
7 Cameroon $25.01 billion 2012
8 Cote d'Ivoire $24.37 billion 2012
9 Gabon $18.15 billion 2012
10 Mozambique $14.05 billion 2012
11 Cambodia $13.93 billion 2012
12 Senegal $13.89 billion 2012
13 Chad $12.73 billion 2012
14 Burkina Faso $10.89 billion 2012
15 Mali $10.18 billion 2012
16 Madagascar $9.98 billion 2012
17 Laos $9.05 billion 2012
18 Haiti $7.79 billion 2012
19 Benin $7.46 billion 2012
20 Niger $6.49 billion 2012
21 Guinea $5.56 billion 2012
22 Mauritania $3.89 billion 2012
23 Togo $3.77 billion 2012
24 Central African Republic $2.14 billion 2012
25 Djibouti $1.34 billion 2012


Former French colonies Compared by Economy > GDP > Official exchange rate


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