Former French colonies 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.


1 Lebanon $9,018.47 2010
2 Gabon $8,070.83 2010
3 Algeria $4,290.01 2010
4 Tunisia $4,157.70 2010
5 Morocco $2,898.01 2010
6 Syria $2,769.28 2010
7 Djibouti $1,365.65 2010
8 Cote d'Ivoire $1,179.35 2010
9 Vietnam $1,173.32 2010
10 Cameroon $1,060.88 2010
11 Laos $991.45 2010
12 Senegal $977.56 2010
13 Mauritania $965.81 2010
14 Cambodia $790.81 2010
15 Benin $682.87 2010
16 Haiti $656.30 2010
17 Mali $649.01 2010
18 Chad $647.74 2010
19 Burkina Faso $558.03 2010
20 Togo $487.47 2010
21 Central African Republic $485.76 2010
22 Mozambique $426.00 2010
23 Guinea $399.41 2010
24 Madagascar $395.17 2010
25 Niger $352.53 2010


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


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