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Muslim countries Compared by Economy > GDP > Official exchange rate

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

# 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

"Countries Compared by Economy > GDP > Official exchange rate. International Statistics at NationMaster.com", CIA World Factbooks 18 December 2003 to 28 March 2011. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/group-stats/Muslim-countries/Economy/GDP/Official-exchange-rate

Muslim countries Compared by Economy > GDP > Official exchange rate

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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.
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