Former Spanish colonies 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 | Equatorial Guinea | $20,900.16 | 2010 | ||
2 | Uruguay | $12,073.02 | 2010 | ||
3 | Chile | $11,614.65 | 2010 | ||
4 | Venezuela | $9,819.83 | 2010 | ||
5 | Argentina | $8,693.67 | 2010 | ||
6 | Mexico | $8,516.67 | 2010 | ||
7 | Costa Rica | $7,499.44 | 2010 | ||
8 | Panama | $7,395.07 | 2010 | ||
9 | Colombia | $6,095.41 | 2010 | ||
10 | Peru | $5,245.56 | 2010 | ||
11 | Cuba | $5,095.83 | 2010 | ||
12 | Dominican Republic | $5,078.47 | 2010 | ||
13 | Ecuador | $3,766.40 | 2010 | ||
14 | El Salvador | $3,505.84 | 2010 | ||
15 | Guatemala | $2,842.78 | 2010 | ||
16 | Paraguay | $2,658.01 | 2010 | ||
17 | Philippines | $2,019.38 | 2010 | ||
18 | Honduras | $2,012.81 | 2010 | ||
19 | Bolivia | $1,888.43 | 2010 | ||
20 | Nicaragua | $1,094.95 | 2010 |