East Asia and Pacific 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. Per capita figures expressed per 1 population.
CONTENTS
# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
1 | Singapore | $46,073.24 per capita | 2010 | ||
2 | Australia | $44,474.51 per capita | 2007 | ||
3 | Japan | $34,402.26 per capita | 2007 | ||
4 | New Zealand | $31,124.18 per capita | 2007 | ||
5 | Brunei | $29,974.94 per capita | 2010 | ||
6 | South Korea | $19,514.81 per capita | 2007 | ||
7 | Taiwan | $16,768.11 per capita | 2007 | ||
8 | Malaysia | $7,944.62 per capita | 2010 | ||
9 | Palau | $7,775.09 per capita | 2008 | ||
10 | Thailand | $4,662.82 per capita | 2010 | ||
11 | China | $4,288.19 per capita | 2010 | ||
12 | Fiji | $3,663.18 per capita | 2010 | ||
13 | Vanuatu | $3,004.17 per capita | 2010 | ||
14 | Samoa | $2,940.67 per capita | 2010 | ||
15 | Indonesia | $2,926.04 per capita | 2010 | ||
16 | Tonga | $2,894.23 per capita | 2010 | ||
17 | Marshall Islands | $2,559.60 per capita | 2008 | ||
18 | Federated States of Micronesia | $2,211.49 per capita | 2008 | ||
19 | Philippines | $2,007.16 per capita | 2010 | ||
20 | Kiribati | $1,520.00 per capita | 2010 | ||
21 | Mongolia | $1,322.93 per capita | 2007 | ||
22 | Papua New Guinea | $1,314.19 per capita | 2010 | ||
23 | Solomon Islands | $1,270.10 per capita | 2010 | ||
24 | North Korea | $1,114.08 per capita | 2007 | ||
25 | Laos | $1,017.78 per capita | 2010 | ||
26 | Vietnam | $821.23 per capita | 2007 | ||
27 | Cambodia | $614.75 per capita | 2007 | ||
28 | East Timor | $548.04 per capita | 2010 | ||
29 | Burma | $285.60 per capita | 2007 |
Citation
Interesting observations about Economy > GDP > Official exchange rate > Per capita
- Liechtenstein ranked first for GDP > official exchange rate > per capita amongst Cold countries in 2008.
- 11 of the bottom 131 countries by GDP > official exchange rate > per capita are European.
- 12 of the bottom 205 countries by GDP > official exchange rate > per capita are Western European.
- 100 of the bottom 205 countries by GDP > official exchange rate > per capita are Christian.
- 20 of the bottom 129 countries by GDP > official exchange rate > per capita are Catholic.
- 26 of the bottom 75 countries by GDP > official exchange rate > per capita are Landlocked.