South and Central Asia 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 Kazakhstan $8,025.34 2010
2 Turkmenistan $5,545.42 2010
3 Maldives $4,399.84 2010
4 Sri Lanka $2,335.74 2010
5 Bhutan $1,948.56 2010
6 Uzbekistan $1,320.62 2010
7 India $1,186.11 2010
8 Pakistan $1,009.53 2010
9 Kyrgyzstan $815.73 2010
10 Tajikistan $731.32 2010
11 Bangladesh $662.36 2010
12 Afghanistan $585.61 2010
13 Nepal $562.84 2010


South and Central Asia Compared by Economy > GDP > Official exchange rate per capita


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