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Heavily indebted countries 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.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 United States $16.02 trillion 2012
2 Japan $5.88 trillion 2012
3 Germany $3.38 trillion 2012
4 France $2.58 trillion 2012
5 United Kingdom $2.44 trillion 2012
6 Italy $1.99 trillion 2012
7 Canada $1.80 trillion 2012
8 Spain $1.31 trillion 2012
9 Netherlands $760.40 billion 2012
10 Belgium $477.40 billion 2012
11 Singapore $272.80 billion 2012
12 Israel $254.00 billion 2012
13 Egypt $253.30 billion 2012
14 Greece $245.80 billion 2012
15 Portugal $209.60 billion 2012
16 Ireland $208.00 billion 2012
17 Hungary $124.00 billion 2012
18 Morocco $94.83 billion 2012
19 Puerto Rico $93.52 billion 2010
20 Sudan $59.68 billion 2012
21 Sri Lanka $58.60 billion 2012
22 Lebanon $40.78 billion 2012
23 Serbia $38.02 billion 2012
24 Jordan $30.79 billion 2012
25 Cyprus $22.69 billion 2012
26 Jamaica $14.64 billion 2012
27 Iceland $13.47 billion 2012
28 Zimbabwe $9.67 billion 2013
29 Malta $8.63 billion 2012
30 Austria $4.80 billion 2012
31 Barbados $4.17 billion 2012
32 Malawi $4.12 billion 2012
33 Eritrea $3.05 billion 2012
34 Cape Verde $1.80 billion 2012
35 Belize $1.56 billion 2012
36 Saint Lucia $1.30 billion 2012
37 Antigua and Barbuda $1.16 billion 2012
38 Seychelles $1.02 billion 2012
39 Grenada $779.30 million 2012
40 Saint Kitts and Nevis $724.10 million 2012
41 Saint Vincent and the Grenadines $703.40 million 2012
42 Dominica $473.50 million 2012
43 Sao Tome and Principe $259.40 million 2012

Citation

"Countries Compared by Economy > GDP > Official exchange rate. 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/Heavily-indebted-countries/Economy/GDP/Official-exchange-rate

Heavily indebted countries Compared by Economy > GDP > Official exchange rate

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