Emerging markets Compared by Economy > GDP > Official exchange rate per capita
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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. Figures expressed per capita for the same year.
CONTENTS
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# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
1 | Estonia | $14,028.17 | 2010 | ||
2 | Hungary | $13,229.97 | 2010 | ||
3 | Poland | $12,308.92 | 2010 | ||
4 | Chile | $11,614.65 | 2010 | ||
5 | Lithuania | $10,870.69 | 2010 | ||
6 | Latvia | $10,446.59 | 2010 | ||
7 | Russia | $10,372.99 | 2010 | ||
8 | Brazil | $10,368.31 | 2010 | ||
9 | Turkey | $10,107.08 | 2010 | ||
10 | Venezuela | $9,819.83 | 2010 | ||
11 | Argentina | $8,693.67 | 2010 | ||
12 | Mexico | $8,516.67 | 2010 | ||
13 | Malaysia | $7,745.13 | 2010 | ||
14 | Romania | $7,388.75 | 2010 | ||
15 | South Africa | $7,089.23 | 2010 | ||
16 | Colombia | $6,095.41 | 2010 | ||
17 | Bulgaria | $5,951.46 | 2010 | ||
18 | Peru | $5,245.56 | 2010 | ||
19 | Thailand | $4,707.67 | 2010 | ||
20 | China | $4,294.67 | 2010 | ||
21 | Ukraine | $2,977.94 | 2010 | ||
22 | Indonesia | $2,888.11 | 2010 | ||
23 | Philippines | $2,019.38 | 2010 | ||
24 | India | $1,186.11 | 2010 | ||
25 | Pakistan | $1,009.53 | 2010 |