Muslim 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 | Indonesia | $866.70 billion | 2012 | ||
2 | Turkey | $777.60 billion | 2012 | ||
3 | Saudi Arabia | $701.40 billion | 2012 | ||
4 | Iran | $541.20 billion | 2012 | ||
5 | United Arab Emirates | $378.60 billion | 2012 | ||
6 | Malaysia | $300.60 billion | 2012 | ||
7 | Nigeria | $266.60 billion | 2012 | ||
8 | Egypt | $253.30 billion | 2012 | ||
9 | Pakistan | $222.50 billion | 2012 | ||
10 | Iraq | $209.60 billion | 2012 | ||
11 | Algeria | $206.50 billion | 2012 | ||
12 | Kazakhstan | $199.90 billion | 2012 | ||
13 | Qatar | $189.80 billion | 2012 | ||
14 | Kuwait | $182.00 billion | 2012 | ||
15 | Bangladesh | $121.30 billion | 2012 | ||
16 | Morocco | $94.83 billion | 2012 | ||
17 | Libya | $80.81 billion | 2012 | ||
18 | Oman | $77.23 billion | 2012 | ||
19 | Azerbaijan | $67.87 billion | 2012 | ||
20 | Syria | $64.70 billion | 2011 | ||
21 | Sudan | $59.68 billion | 2012 | ||
22 | Uzbekistan | $50.42 billion | 2012 | ||
23 | Tunisia | $44.79 billion | 2012 | ||
24 | Lebanon | $40.78 billion | 2012 | ||
25 | Yemen | $34.90 billion | 2012 | ||
26 | Turkmenistan | $34.69 billion | 2012 | ||
27 | Jordan | $30.79 billion | 2012 | ||
28 | Bahrain | $26.75 billion | 2012 | ||
29 | Afghanistan | $20.02 billion | 2012 | ||
30 | Brunei | $16.72 billion | 2012 | ||
31 | Senegal | $13.89 billion | 2012 | ||
32 | Chad | $12.73 billion | 2012 | ||
33 | Albania | $12.38 billion | 2012 | ||
34 | Burkina Faso | $10.89 billion | 2012 | ||
35 | Mali | $10.18 billion | 2012 | ||
36 | Tajikistan | $7.49 billion | 2012 | ||
37 | Niger | $6.49 billion | 2012 | ||
38 | Kyrgyzstan | $6.38 billion | 2012 | ||
39 | Kosovo | $6.36 billion | 2012 | ||
40 | Guinea | $5.56 billion | 2012 | ||
41 | Mauritania | $3.89 billion | 2012 | ||
42 | Sierra Leone | $3.74 billion | 2012 | ||
43 | Somalia | $2.37 billion | 2010 | ||
44 | Maldives | $2.08 billion | 2012 | ||
45 | Djibouti | $1.34 billion | 2012 | ||
46 | The Gambia | $895.70 million | 2012 | ||
47 | Comoros | $587.90 million | 2012 |
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.