Hot countries Compared by Economy > GDP > Official exchange rate
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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
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# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
1 | Brazil | $2.22 trillion | 2012 | ||
2 | India | $1.82 trillion | 2012 | ||
3 | Australia | $1.52 trillion | 2012 | ||
4 | Mexico | $1.16 trillion | 2012 | ||
5 | Indonesia | $866.70 billion | 2012 | ||
6 | Saudi Arabia | $701.40 billion | 2012 | ||
7 | Venezuela | $376.10 billion | 2012 | ||
8 | Colombia | $364.00 billion | 2012 | ||
9 | Thailand | $361.00 billion | 2012 | ||
10 | Malaysia | $300.60 billion | 2012 | ||
11 | Singapore | $272.80 billion | 2012 | ||
12 | Nigeria | $266.60 billion | 2012 | ||
13 | Hong Kong | $259.70 billion | 2012 | ||
14 | Egypt | $253.30 billion | 2012 | ||
15 | Philippines | $246.80 billion | 2012 | ||
16 | Pakistan | $222.50 billion | 2012 | ||
17 | Iraq | $209.60 billion | 2012 | ||
18 | Algeria | $206.50 billion | 2012 | ||
19 | Qatar | $189.80 billion | 2012 | ||
20 | Kuwait | $182.00 billion | 2012 | ||
21 | Vietnam | $153.50 billion | 2012 | ||
22 | Bangladesh | $121.30 billion | 2012 | ||
23 | Angola | $113.70 billion | 2012 | ||
24 | Ecuador | $82.90 billion | 2012 | ||
25 | Libya | $80.81 billion | 2012 | ||
26 | Oman | $77.23 billion | 2012 | ||
27 | Cuba | $72.30 billion | 2012 | ||
28 | Sudan | $59.68 billion | 2012 | ||
29 | Sri Lanka | $58.60 billion | 2012 | ||
30 | Dominican Republic | $58.20 billion | 2012 | ||
31 | Burma | $54.53 billion | 2012 | ||
32 | Guatemala | $49.55 billion | 2012 | ||
33 | Costa Rica | $44.50 billion | 2012 | ||
34 | Macau | $44.30 billion | 2012 | ||
35 | Ethiopia | $41.94 billion | 2012 | ||
36 | Kenya | $40.15 billion | 2012 | ||
37 | Ghana | $39.89 billion | 2012 | ||
38 | Panama | $35.76 billion | 2012 | ||
39 | Yemen | $34.90 billion | 2012 | ||
40 | Tanzania | $27.86 billion | 2012 | ||
41 | Bolivia | $26.86 billion | 2012 | ||
42 | Bahrain | $26.75 billion | 2012 | ||
43 | Paraguay | $25.72 billion | 2012 | ||
44 | Trinidad and Tobago | $25.40 billion | 2012 | ||
45 | Cameroon | $25.01 billion | 2012 | ||
46 | Cote d'Ivoire | $24.37 billion | 2012 | ||
47 | El Salvador | $23.54 billion | 2012 | ||
48 | Uganda | $20.96 billion | 2012 | ||
49 | Zambia | $20.31 billion | 2012 | ||
50 | Honduras | $18.25 billion | 2012 | ||
51 | Gabon | $18.15 billion | 2012 | ||
52 | Equatorial Guinea | $17.45 billion | 2012 | ||
53 | Democratic Republic of the Congo | $17.01 billion | 2012 | ||
54 | Brunei | $16.72 billion | 2012 | ||
55 | Papua New Guinea | $14.93 billion | 2012 | ||
56 | Jamaica | $14.64 billion | 2012 | ||
57 | Botswana | $14.23 billion | 2012 | ||
58 | Mozambique | $14.05 billion | 2012 | ||
59 | Cambodia | $13.93 billion | 2012 | ||
60 | Senegal | $13.89 billion | 2012 | ||
61 | Chad | $12.73 billion | 2012 | ||
62 | Mauritius | $11.31 billion | 2012 | ||
63 | Burkina Faso | $10.89 billion | 2012 | ||
64 | Nicaragua | $10.36 billion | 2012 | ||
65 | Mali | $10.18 billion | 2012 | ||
66 | Madagascar | $9.98 billion | 2012 | ||
67 | Zimbabwe | $9.67 billion | 2013 | ||
68 | New Caledonia | $9.28 billion | 2008 | ||
69 | Laos | $9.05 billion | 2012 | ||
70 | The Bahamas | $8.04 billion | 2012 | ||
71 | Haiti | $7.79 billion | 2012 | ||
72 | Benin | $7.46 billion | 2012 | ||
73 | Niger | $6.49 billion | 2012 | ||
74 | Bermuda | $5.60 billion | 2011 | ||
75 | Guinea | $5.56 billion | 2012 | ||
76 | Suriname | $4.69 billion | 2012 | ||
77 | Barbados | $4.17 billion | 2012 | ||
78 | Malawi | $4.12 billion | 2012 | ||
79 | Fiji | $3.97 billion | 2012 | ||
80 | Mauritania | $3.89 billion | 2012 | ||
81 | Togo | $3.77 billion | 2012 | ||
82 | Sierra Leone | $3.74 billion | 2012 | ||
83 | Swaziland | $3.70 billion | 2012 | ||
84 | Eritrea | $3.05 billion | 2012 | ||
85 | Guyana | $2.79 billion | 2012 | ||
86 | Somalia | $2.37 billion | 2010 | ||
87 | Maldives | $2.08 billion | 2012 | ||
88 | Cape Verde | $1.80 billion | 2012 | ||
89 | Liberia | $1.71 billion | 2012 | ||
90 | Belize | $1.56 billion | 2012 | ||
91 | Djibouti | $1.34 billion | 2012 | ||
92 | Saint Lucia | $1.30 billion | 2012 | ||
93 | Antigua and Barbuda | $1.16 billion | 2012 | ||
94 | Seychelles | $1.02 billion | 2012 | ||
95 | Solomon Islands | $983.50 million | 2012 | ||
96 | Guinea-Bissau | $811.90 million | 2012 | ||
97 | Grenada | $779.30 million | 2012 | ||
98 | Saint Vincent and the Grenadines | $703.40 million | 2012 | ||
99 | Samoa | $680.70 million | 2012 | ||
100 | Comoros | $587.90 million | 2012 | ||
101 | Dominica | $473.50 million | 2012 | ||
102 | Tonga | $464.60 million | 2012 | ||
103 | Cook Islands | $183.20 million | 2005 | ||
104 | Marshall Islands | $179.50 million | 2012 | ||
105 | Anguilla | $175.40 million | 2009 | ||
106 | Kiribati | $172.60 million | 2012 | ||
107 | Tuvalu | $39.46 million | 2012 | ||
108 | Niue | $10.01 million | 2003 |
Citation
Interesting observations about Economy > GDP > Official exchange rate
- 5 of the top 7 countries by GDP > official exchange rate are Heavily indebted.
- 2 of the top 3 countries by GDP > official exchange rate are Cold countries'.
- 9 of the top 15 countries by GDP > official exchange rate are Christian.
- 72 of the top 147 countries by GDP > official exchange rate are Hot countries.
- United States has ranked in the top 2 for GDP > official exchange rate since 2005.