Economy > GDP > Official exchange rate: Countries Compared
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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 | United States | $16.02 trillion | 2012 | ||
2 | European Union | $15.95 trillion | 2010 | ||
3 | China | $8.11 trillion | 2013 | ||
4 | Japan | $5.88 trillion | 2012 | ||
Group of 7 countries (G7) average (profile) | $4.87 trillion | 2012 | |||
5 | Germany | $3.38 trillion | 2012 | ||
6 | France | $2.58 trillion | 2012 | ||
7 | United Kingdom | $2.44 trillion | 2012 | ||
8 | Brazil | $2.22 trillion | 2012 | ||
9 | Russia | $2.00 trillion | 2012 | ||
10 | Italy | $1.99 trillion | 2012 | ||
11 | India | $1.82 trillion | 2012 | ||
12 | Canada | $1.80 trillion | 2012 | ||
Non-religious countries average (profile) | $1.75 trillion | 2012 | |||
13 | Australia | $1.52 trillion | 2012 | ||
High income OECD countries average (profile) | $1.41 trillion | 2012 | |||
14 | Spain | $1.31 trillion | 2012 | ||
15 | Mexico | $1.16 trillion | 2012 | ||
16 | South Korea | $1.11 trillion | 2012 | ||
Cold countries average (profile) | $995.87 billion | 2012 | |||
Heavily indebted countries average (profile) | $919.50 billion | 2012 | |||
17 | Indonesia | $866.70 billion | 2012 | ||
Emerging markets average (profile) | $854.68 billion | 2012 | |||
18 | Turkey | $777.60 billion | 2012 | ||
19 | Netherlands | $760.40 billion | 2012 | ||
East Asia and Pacific average (profile) | $704.74 billion | 2012 | |||
20 | Saudi Arabia | $701.40 billion | 2012 | ||
NATO countries average (profile) | $672.30 billion | 2012 | |||
Eurozone average (profile) | $648.81 billion | 2012 | |||
21 | Switzerland | $622.60 billion | 2012 | ||
European Union average (profile) | $573.71 billion | 2012 | |||
22 | Iran | $541.20 billion | 2012 | ||
23 | Sweden | $516.70 billion | 2012 | ||
24 | Norway | $492.90 billion | 2012 | ||
Former British colonies average (profile) | $486.34 billion | 2012 | |||
25 | Poland | $483.20 billion | 2012 | ||
26 | Belgium | $477.40 billion | 2012 | ||
27 | Argentina | $468.80 billion | 2012 | ||
28 | Taiwan | $467.70 billion | 2012 | ||
South Asia average (profile) | $436.59 billion | 2012 | |||
Europe average (profile) | $434.11 billion | 2012 | |||
Christian countries average (profile) | $416.65 billion | 2012 | |||
29 | South Africa | $379.10 billion | 2012 | ||
30 | United Arab Emirates | $378.60 billion | 2012 | ||
31 | Venezuela | $376.10 billion | 2012 | ||
32 | Colombia | $364.00 billion | 2012 | ||
33 | Thailand | $361.00 billion | 2012 | ||
Catholic countries average (profile) | $344.03 billion | 2012 | |||
34 | Denmark | $310.60 billion | 2012 | ||
Religious countries average (profile) | $302.73 billion | 2012 | |||
35 | Malaysia | $300.60 billion | 2012 | ||
OPEC countries average (profile) | $295.12 billion | 2012 | |||
36 | Singapore | $272.80 billion | 2012 | ||
37 | Nigeria | $266.60 billion | 2012 | ||
38 | Chile | $264.50 billion | 2012 | ||
39 | Hong Kong | $259.70 billion | 2012 | ||
40 | Israel | $254.00 billion | 2012 | ||
41 | Egypt | $253.30 billion | 2012 | ||
42 | Philippines | $246.80 billion | 2012 | ||
43 | Greece | $245.80 billion | 2012 | ||
44 | Finland | $244.30 billion | 2012 | ||
45 | Pakistan | $222.50 billion | 2012 | ||
=46 | Portugal | $209.60 billion | 2012 | ||
=46 | Iraq | $209.60 billion | 2012 | ||
48 | Ireland | $208.00 billion | 2012 | ||
49 | Algeria | $206.50 billion | 2012 | ||
50 | Kazakhstan | $199.90 billion | 2012 | ||
South and Central Asia average (profile) | $197.02 billion | 2012 | |||
Middle Eastern and North Africa average (profile) | $196.90 billion | 2012 | |||
51 | Peru | $196.20 billion | 2012 | ||
52 | Czech Republic | $193.00 billion | 2012 | ||
53 | Qatar | $189.80 billion | 2012 | ||
54 | Kuwait | $182.00 billion | 2012 | ||
Former Soviet republics average (profile) | $181.95 billion | 2012 | |||
Eastern Europe average (profile) | $181.28 billion | 2012 | |||
Former Spanish colonies average (profile) | $179.60 billion | 2012 | |||
55 | Ukraine | $173.90 billion | 2012 | ||
Latin America and Caribbean average (profile) | $170.45 billion | 2012 | |||
56 | New Zealand | $167.50 billion | 2012 | ||
57 | Romania | $167.10 billion | 2012 | ||
58 | Vietnam | $153.50 billion | 2012 | ||
Muslim countries average (profile) | $137.84 billion | 2012 | |||
Hot countries average (profile) | $135.90 billion | 2012 | |||
59 | Hungary | $124.00 billion | 2012 | ||
60 | Bangladesh | $121.30 billion | 2012 | ||
61 | Angola | $113.70 billion | 2012 | ||
Potential Future EU Members average (profile) | $109.82 billion | 2012 | |||
62 | Morocco | $94.83 billion | 2012 | ||
63 | Puerto Rico | $93.52 billion | 2010 | ||
64 | Slovakia | $90.67 billion | 2012 | ||
65 | Ecuador | $82.90 billion | 2012 | ||
66 | Libya | $80.81 billion | 2012 | ||
67 | Oman | $77.23 billion | 2012 | ||
68 | Cuba | $72.30 billion | 2012 | ||
69 | Azerbaijan | $67.87 billion | 2012 | ||
70 | Syria | $64.70 billion | 2011 | ||
71 | Belarus | $62.40 billion | 2012 | ||
failed states average (profile) | $60.31 billion | 2012 | |||
72 | Sudan | $59.68 billion | 2012 | ||
73 | Sri Lanka | $58.60 billion | 2012 | ||
74 | Dominican Republic | $58.20 billion | 2012 | ||
75 | Luxembourg | $56.37 billion | 2012 | ||
76 | Croatia | $55.71 billion | 2012 | ||
77 | Burma | $54.53 billion | 2012 | ||
78 | Uzbekistan | $50.42 billion | 2012 | ||
79 | Bulgaria | $50.33 billion | 2012 | ||
80 | Guatemala | $49.55 billion | 2012 | ||
81 | Uruguay | $49.24 billion | 2012 | ||
82 | Slovenia | $44.81 billion | 2012 | ||
Landlocked countries average (profile) | $44.80 billion | 2012 | |||
83 | Tunisia | $44.79 billion | 2012 | ||
84 | Costa Rica | $44.50 billion | 2012 | ||
85 | Macau | $44.30 billion | 2012 | ||
86 | Ethiopia | $41.94 billion | 2012 | ||
87 | Lithuania | $41.57 billion | 2012 | ||
88 | Lebanon | $40.78 billion | 2012 | ||
89 | Kenya | $40.15 billion | 2012 | ||
90 | Ghana | $39.89 billion | 2012 | ||
91 | Serbia and Montenegro | $38.92 billion | 2010 | ||
92 | Serbia | $38.02 billion | 2012 | ||
93 | Panama | $35.76 billion | 2012 | ||
94 | Yemen | $34.90 billion | 2012 | ||
95 | Turkmenistan | $34.69 billion | 2012 | ||
Former French colonies average (profile) | $30.88 billion | 2012 | |||
96 | Jordan | $30.79 billion | 2012 | ||
=97 | Latvia | $28.00 billion | 2012 | ||
=97 | North Korea | $28.00 billion | 2009 | ||
99 | Tanzania | $27.86 billion | 2012 | ||
Sub-Saharan Africa average (profile) | $27.82 billion | 2012 | |||
100 | Bolivia | $26.86 billion | 2012 | ||
101 | Bahrain | $26.75 billion | 2012 | ||
102 | Paraguay | $25.72 billion | 2012 | ||
103 | Trinidad and Tobago | $25.40 billion | 2012 | ||
104 | Cameroon | $25.01 billion | 2012 | ||
105 | Cote d'Ivoire | $24.37 billion | 2012 | ||
106 | El Salvador | $23.54 billion | 2012 | ||
107 | Cyprus | $22.69 billion | 2012 | ||
108 | Estonia | $22.10 billion | 2012 | ||
109 | Uganda | $20.96 billion | 2012 | ||
110 | Zambia | $20.31 billion | 2012 | ||
111 | Afghanistan | $20.02 billion | 2012 | ||
112 | Nepal | $18.70 billion | 2012 | ||
113 | Honduras | $18.25 billion | 2012 | ||
114 | Gabon | $18.15 billion | 2012 | ||
115 | Equatorial Guinea | $17.45 billion | 2012 | ||
116 | Bosnia and Herzegovina | $17.09 billion | 2012 | ||
117 | Democratic Republic of the Congo | $17.01 billion | 2012 | ||
118 | Brunei | $16.72 billion | 2012 | ||
119 | Georgia | $15.62 billion | 2012 | ||
120 | Papua New Guinea | $14.93 billion | 2012 | ||
121 | Jamaica | $14.64 billion | 2012 | ||
122 | Botswana | $14.23 billion | 2012 | ||
123 | Mozambique | $14.05 billion | 2012 | ||
124 | Cambodia | $13.93 billion | 2012 | ||
125 | Senegal | $13.89 billion | 2012 | ||
126 | Congo, Republic of the | $13.51 billion | 2012 | ||
127 | Iceland | $13.47 billion | 2012 | ||
128 | Namibia | $12.90 billion | 2012 | ||
129 | Chad | $12.73 billion | 2012 | ||
130 | Albania | $12.38 billion | 2012 | ||
131 | Mauritius | $11.31 billion | 2012 | ||
132 | Burkina Faso | $10.89 billion | 2012 | ||
133 | Nicaragua | $10.36 billion | 2012 | ||
134 | Mali | $10.18 billion | 2012 | ||
135 | Mongolia | $10.12 billion | 2012 | ||
136 | South Sudan | $10.08 billion | 2012 | ||
137 | Madagascar | $9.98 billion | 2012 | ||
138 | Armenia | $9.78 billion | 2012 | ||
139 | Zimbabwe | $9.67 billion | 2013 | ||
140 | Republic of Macedonia | $9.50 billion | 2012 | ||
141 | New Caledonia | $9.28 billion | 2008 | ||
142 | Laos | $9.05 billion | 2012 | ||
143 | Malta | $8.63 billion | 2012 | ||
144 | The Bahamas | $8.04 billion | 2012 | ||
145 | Haiti | $7.79 billion | 2012 | ||
146 | Tajikistan | $7.49 billion | 2012 | ||
147 | Benin | $7.46 billion | 2012 | ||
148 | Moldova | $7.15 billion | 2012 | ||
149 | Rwanda | $7.01 billion | 2012 | ||
150 | West Bank | $6.64 billion | 2013 | ||
151 | Niger | $6.49 billion | 2012 | ||
152 | Kyrgyzstan | $6.38 billion | 2012 | ||
153 | Kosovo | $6.36 billion | 2012 | ||
154 | East Timor | $6.21 billion | 2013 | ||
155 | Monaco | $5.75 billion | 2011 | ||
156 | French Polynesia | $5.65 billion | 2006 | ||
157 | Bermuda | $5.60 billion | 2011 | ||
158 | Guinea | $5.56 billion | 2012 | ||
159 | Gaza Strip | $5.33 billion | 2006 | ||
160 | Liechtenstein | $5.11 billion | 2010 | ||
161 | Jersey | $5.10 billion | 2005 | ||
=162 | Andorra | $4.80 billion | 2012 | ||
=162 | Austria | $4.80 billion | 2012 | ||
164 | Suriname | $4.69 billion | 2012 | ||
165 | Guam | $4.60 billion | 2010 | ||
166 | Barbados | $4.17 billion | 2012 | ||
167 | Montenegro | $4.16 billion | 2012 | ||
168 | Malawi | $4.12 billion | 2012 | ||
169 | Isle of Man | $4.08 billion | 2007 | ||
170 | Fiji | $3.97 billion | 2012 | ||
171 | Mauritania | $3.89 billion | 2012 | ||
172 | Togo | $3.77 billion | 2012 | ||
173 | Sierra Leone | $3.74 billion | 2012 | ||
174 | Swaziland | $3.70 billion | 2012 | ||
175 | Eritrea | $3.05 billion | 2012 | ||
176 | Guyana | $2.79 billion | 2012 | ||
177 | Guernsey | $2.74 billion | 2005 | ||
178 | Aruba | $2.52 billion | 2009 | ||
179 | Burundi | $2.44 billion | 2012 | ||
180 | Lesotho | $2.43 billion | 2012 | ||
181 | Somalia | $2.37 billion | 2010 | ||
182 | Faroe Islands | $2.32 billion | 2010 | ||
183 | Cayman Islands | $2.25 billion | 2008 | ||
184 | Greenland | $2.16 billion | 2011 | ||
185 | Central African Republic | $2.14 billion | 2012 | ||
186 | Bhutan | $2.14 billion | 2012 | ||
187 | Maldives | $2.08 billion | 2012 | ||
188 | San Marino | $1.83 billion | 2012 | ||
189 | Cape Verde | $1.80 billion | 2012 | ||
190 | Liberia | $1.71 billion | 2012 | ||
191 | Belize | $1.56 billion | 2012 | ||
192 | Djibouti | $1.34 billion | 2012 | ||
193 | Saint Lucia | $1.30 billion | 2012 | ||
194 | Antigua and Barbuda | $1.16 billion | 2012 | ||
195 | Gibraltar | $1.11 billion | 2006 | ||
196 | British Virgin Islands | $1.09 billion | 2008 | ||
197 | Seychelles | $1.02 billion | 2012 | ||
198 | Solomon Islands | $983.50 million | 2012 | ||
199 | The Gambia | $895.70 million | 2012 | ||
200 | Guinea-Bissau | $811.90 million | 2012 | ||
201 | Grenada | $779.30 million | 2012 | ||
202 | Vanuatu | $776.40 million | 2012 | ||
203 | Northern Mariana Islands | $733.00 million | 2010 | ||
204 | Saint Kitts and Nevis | $724.10 million | 2012 | ||
205 | Saint Vincent and the Grenadines | $703.40 million | 2012 | ||
206 | Samoa | $680.70 million | 2012 | ||
207 | Comoros | $587.90 million | 2012 | ||
208 | Saint Martin | $561.50 million | 2005 | ||
209 | Dominica | $473.50 million | 2012 | ||
210 | Tonga | $464.60 million | 2012 | ||
211 | American Samoa | $462.20 million | 2005 | ||
212 | Federated States of Micronesia | $321.60 million | 2012 | ||
213 | Sao Tome and Principe | $259.40 million | 2012 | ||
214 | Palau | $221.00 million | 2011 | ||
215 | Saint Pierre and Miquelon | $215.30 million | 2006 | ||
216 | Cook Islands | $183.20 million | 2005 | ||
217 | Marshall Islands | $179.50 million | 2012 | ||
218 | Anguilla | $175.40 million | 2009 | ||
219 | Kiribati | $172.60 million | 2012 | ||
220 | Falkland Islands (Islas Malvinas) | $164.50 million | 2007 | ||
221 | Tuvalu | $39.46 million | 2012 | ||
222 | Niue | $10.01 million | 2003 |
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.