Former British colonies Compared by Economy > GDP > Official exchange rate
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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 | India | $1.82 trillion | 2012 | ||
3 | Canada | $1.80 trillion | 2012 | ||
4 | Australia | $1.52 trillion | 2012 | ||
5 | United Arab Emirates | $378.60 billion | 2012 | ||
6 | Malaysia | $300.60 billion | 2012 | ||
7 | Singapore | $272.80 billion | 2012 | ||
8 | Nigeria | $266.60 billion | 2012 | ||
9 | Israel | $254.00 billion | 2012 | ||
10 | Egypt | $253.30 billion | 2012 | ||
11 | Pakistan | $222.50 billion | 2012 | ||
12 | Qatar | $189.80 billion | 2012 | ||
13 | Kuwait | $182.00 billion | 2012 | ||
14 | New Zealand | $167.50 billion | 2012 | ||
15 | Bangladesh | $121.30 billion | 2012 | ||
16 | Sudan | $59.68 billion | 2012 | ||
17 | Sri Lanka | $58.60 billion | 2012 | ||
18 | Burma | $54.53 billion | 2012 | ||
19 | Kenya | $40.15 billion | 2012 | ||
20 | Ghana | $39.89 billion | 2012 | ||
21 | Yemen | $34.90 billion | 2012 | ||
22 | Jordan | $30.79 billion | 2012 | ||
23 | Tanzania | $27.86 billion | 2012 | ||
24 | Bahrain | $26.75 billion | 2012 | ||
25 | Trinidad and Tobago | $25.40 billion | 2012 | ||
26 | Uganda | $20.96 billion | 2012 | ||
27 | Zambia | $20.31 billion | 2012 | ||
28 | Brunei | $16.72 billion | 2012 | ||
29 | Jamaica | $14.64 billion | 2012 | ||
30 | Botswana | $14.23 billion | 2012 | ||
31 | Namibia | $12.90 billion | 2012 | ||
32 | Zimbabwe | $9.67 billion | 2013 | ||
33 | The Bahamas | $8.04 billion | 2012 | ||
34 | Barbados | $4.17 billion | 2012 | ||
35 | Malawi | $4.12 billion | 2012 | ||
36 | Fiji | $3.97 billion | 2012 | ||
37 | Sierra Leone | $3.74 billion | 2012 | ||
38 | Swaziland | $3.70 billion | 2012 | ||
39 | Guyana | $2.79 billion | 2012 | ||
40 | Lesotho | $2.43 billion | 2012 | ||
41 | Somalia | $2.37 billion | 2010 | ||
42 | Bhutan | $2.14 billion | 2012 | ||
43 | Maldives | $2.08 billion | 2012 | ||
44 | Belize | $1.56 billion | 2012 | ||
45 | Saint Lucia | $1.30 billion | 2012 | ||
46 | Antigua and Barbuda | $1.16 billion | 2012 | ||
47 | The Gambia | $895.70 million | 2012 | ||
48 | Grenada | $779.30 million | 2012 | ||
49 | Saint Kitts and Nevis | $724.10 million | 2012 | ||
50 | Dominica | $473.50 million | 2012 | ||
51 | Tuvalu | $39.46 million | 2012 |