Former Soviet republics 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 Estonia $16,171.29 per capita 2007
2 Latvia $12,098.36 per capita 2007
3 Lithuania $10,725.96 per capita 2007
4 Russia $9,124.49 per capita 2007
5 Kazakhstan $6,791.00 per capita 2007
6 Azerbaijan $5,798.34 per capita 2010
7 Turkmenistan $5,545.42 per capita 2010
8 Belarus $4,603.73 per capita 2007
9 Ukraine $3,034.57 per capita 2007
10 Armenia $2,683.36 per capita 2007
11 Georgia $2,531.33 per capita 2010
12 Moldova $1,503.17 per capita 2010
13 Uzbekistan $1,374.38 per capita 2010
14 Kyrgyzstan $820.18 per capita 2010
15 Tajikistan $810.87 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/Former-Soviet-republics/Economy/GDP/Official-exchange-rate/Per-capita

Former Soviet republics Compared by Economy > GDP > Official exchange rate > Per capita


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