×

Latin America and Caribbean 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 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

Citation

"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. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/group-stats/Latin-America-and-Caribbean/Economy/GDP/Official-exchange-rate-per-capita

Latin America and Caribbean Compared by Economy > GDP > Official exchange rate per capita

NationMaster

Interesting observations about Economy > GDP > Official exchange rate per capita

  • Qatar ranked first for GDP > official exchange rate per capita amongst Hot countries in 2010.
  • United States ranked first for GDP > official exchange rate per capita amongst Heavily indebted countries in 2010.
  • Liechtenstein ranked first for GDP > official exchange rate per capita amongst Christian countries in 2008.
  • Australia ranked second for GDP > official exchange rate per capita amongst Former British colonies in 2010.
  • Luxembourg ranked first for GDP > official exchange rate per capita amongst European Union in 2010.
  • Kuwait ranked second for GDP > official exchange rate per capita amongst Muslim countries in 2010.
  • Iraq ranked first for GDP > official exchange rate per capita amongst Failed states in 2010.
  • Equatorial Guinea ranked first for GDP > official exchange rate per capita amongst Sub-Saharan Africa in 2010.
  • Norway ranked third for GDP > official exchange rate per capita globally in 2010.
  • Estonia ranked first for GDP > official exchange rate per capita amongst Emerging markets in 2010.
Follow us on Facebook to get interesting stats: