Latin America and Caribbean Compared by Economy > GDP > Official exchange rate per capita
- Home
- Country Info
- Stats
- 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
Loading...
# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
1 | Cayman Islands | $42,523.44 | 2008 | ||
2 | Aruba | $22,573.00 | 2005 | ||
3 | The Bahamas | $20,909.96 | 2010 | ||
4 | Trinidad and Tobago | $15,962.71 | 2010 | ||
5 | Barbados | $14,133.58 | 2010 | ||
6 | Antigua and Barbuda | $12,598.44 | 2010 | ||
7 | Uruguay | $12,073.02 | 2010 | ||
8 | Chile | $11,614.65 | 2010 | ||
9 | Saint Kitts and Nevis | $10,735.02 | 2010 | ||
10 | Brazil | $10,368.31 | 2010 | ||
11 | Venezuela | $9,819.83 | 2010 | ||
12 | Argentina | $8,693.67 | 2010 | ||
13 | Mexico | $8,516.67 | 2010 | ||
14 | Costa Rica | $7,499.44 | 2010 | ||
15 | Panama | $7,395.07 | 2010 | ||
16 | Suriname | $6,280.48 | 2010 | ||
17 | Grenada | $6,161.81 | 2010 | ||
18 | Colombia | $6,095.41 | 2010 | ||
19 | Saint Lucia | $5,637.07 | 2010 | ||
20 | Saint Vincent and the Grenadines | $5,333.16 | 2010 | ||
21 | Dominica | $5,269.30 | 2010 | ||
22 | Peru | $5,245.56 | 2010 | ||
23 | Cuba | $5,095.83 | 2010 | ||
24 | Jamaica | $5,086.63 | 2010 | ||
25 | Dominican Republic | $5,078.47 | 2010 | ||
26 | Belize | $4,637.15 | 2010 | ||
27 | Ecuador | $3,766.40 | 2010 | ||
28 | El Salvador | $3,505.84 | 2010 | ||
29 | Guatemala | $2,842.78 | 2010 | ||
30 | Guyana | $2,794.72 | 2010 | ||
31 | Paraguay | $2,658.01 | 2010 | ||
32 | Honduras | $2,012.81 | 2010 | ||
33 | Bolivia | $1,888.43 | 2010 | ||
34 | Nicaragua | $1,094.95 | 2010 | ||
35 | Haiti | $656.30 | 2010 |