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Landlocked countries 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.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 Liechtenstein $142,768.82 2008
2 Luxembourg $103,421.82 2010
3 Switzerland $66,761.16 2010
4 San Marino $50,003.26 2009
5 Austria $43,660.31 2010
6 Czech Republic $18,555.50 2010
7 Slovakia $16,279.63 2010
8 Hungary $13,229.97 2010
9 Kazakhstan $8,025.34 2010
10 Botswana $6,347.30 2010
11 Azerbaijan $5,761.88 2010
12 Belarus $5,573.23 2010
13 Turkmenistan $5,545.42 2010
14 Armenia $2,979.59 2010
15 Paraguay $2,658.01 2010
16 Swaziland $2,652.65 2010
17 Mongolia $2,140.64 2010
18 Bhutan $1,948.56 2010
19 Bolivia $1,888.43 2010
20 Moldova $1,503.90 2010
21 Uzbekistan $1,320.62 2010
22 Zambia $1,187.11 2010
23 Laos $991.45 2010
24 Lesotho $895.51 2010
25 Kyrgyzstan $815.73 2010
26 Tajikistan $731.32 2010
27 Mali $649.01 2010
28 Chad $647.74 2010
29 Afghanistan $585.61 2010
30 Nepal $562.84 2010
31 Burkina Faso $558.03 2010
32 Rwanda $525.34 2010
33 Uganda $503.72 2010
34 Central African Republic $485.76 2010
35 Zimbabwe $426.25 2010
36 Ethiopia $355.24 2010
37 Niger $352.53 2010
38 Malawi $335.36 2010
39 Burundi $159.11 2010

Citation

Landlocked countries Compared by Economy > GDP > Official exchange rate per capita

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