Non-religious 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.


1 Australia $55,290.43 2010
2 Sweden $47,408.19 2010
3 Netherlands $46,360.62 2010
4 Canada $45,829.42 2010
5 Austria $43,660.31 2010
6 Japan $42,298.79 2010
7 France $39,288.81 2010
8 Hong Kong $32,245.66 2010
9 Czech Republic $18,555.50 2010
10 Turkey $10,107.08 2010
11 Azerbaijan $5,761.88 2010
12 China $4,294.67 2010
13 Vietnam $1,173.32 2010


"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/Non--religious-countries/Economy/GDP/Official-exchange-rate-per-capita

Non-religious countries Compared by Economy > GDP > Official exchange rate per capita


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