Landlocked countries 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 | Switzerland | $622.60 billion | 2012 | ||
2 | Kazakhstan | $199.90 billion | 2012 | ||
3 | Czech Republic | $193.00 billion | 2012 | ||
4 | Hungary | $124.00 billion | 2012 | ||
5 | Slovakia | $90.67 billion | 2012 | ||
6 | Azerbaijan | $67.87 billion | 2012 | ||
7 | Belarus | $62.40 billion | 2012 | ||
8 | Luxembourg | $56.37 billion | 2012 | ||
9 | Uzbekistan | $50.42 billion | 2012 | ||
10 | Ethiopia | $41.94 billion | 2012 | ||
11 | Serbia | $38.02 billion | 2012 | ||
12 | Turkmenistan | $34.69 billion | 2012 | ||
13 | Bolivia | $26.86 billion | 2012 | ||
14 | Paraguay | $25.72 billion | 2012 | ||
15 | Uganda | $20.96 billion | 2012 | ||
16 | Zambia | $20.31 billion | 2012 | ||
17 | Afghanistan | $20.02 billion | 2012 | ||
18 | Nepal | $18.70 billion | 2012 | ||
19 | Botswana | $14.23 billion | 2012 | ||
20 | Chad | $12.73 billion | 2012 | ||
21 | Burkina Faso | $10.89 billion | 2012 | ||
22 | Mali | $10.18 billion | 2012 | ||
23 | Mongolia | $10.12 billion | 2012 | ||
24 | South Sudan | $10.08 billion | 2012 | ||
25 | Armenia | $9.78 billion | 2012 | ||
26 | Zimbabwe | $9.67 billion | 2013 | ||
27 | Laos | $9.05 billion | 2012 | ||
28 | Tajikistan | $7.49 billion | 2012 | ||
29 | Moldova | $7.15 billion | 2012 | ||
30 | Rwanda | $7.01 billion | 2012 | ||
31 | Niger | $6.49 billion | 2012 | ||
32 | Kyrgyzstan | $6.38 billion | 2012 | ||
33 | Kosovo | $6.36 billion | 2012 | ||
34 | Liechtenstein | $5.11 billion | 2010 | ||
=35 | Andorra | $4.80 billion | 2012 | ||
=35 | Austria | $4.80 billion | 2012 | ||
37 | Malawi | $4.12 billion | 2012 | ||
38 | Swaziland | $3.70 billion | 2012 | ||
39 | Burundi | $2.44 billion | 2012 | ||
40 | Lesotho | $2.43 billion | 2012 | ||
41 | Central African Republic | $2.14 billion | 2012 | ||
42 | Bhutan | $2.14 billion | 2012 | ||
43 | San Marino | $1.83 billion | 2012 |