Sub-Saharan Africa 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 | South Africa | $379.10 billion | 2012 | ||
2 | Nigeria | $266.60 billion | 2012 | ||
3 | Angola | $113.70 billion | 2012 | ||
4 | Sudan | $59.68 billion | 2012 | ||
5 | Ethiopia | $41.94 billion | 2012 | ||
6 | Kenya | $40.15 billion | 2012 | ||
7 | Ghana | $39.89 billion | 2012 | ||
8 | Tanzania | $27.86 billion | 2012 | ||
9 | Cameroon | $25.01 billion | 2012 | ||
10 | Cote d'Ivoire | $24.37 billion | 2012 | ||
11 | Uganda | $20.96 billion | 2012 | ||
12 | Zambia | $20.31 billion | 2012 | ||
13 | Gabon | $18.15 billion | 2012 | ||
14 | Equatorial Guinea | $17.45 billion | 2012 | ||
15 | Democratic Republic of the Congo | $17.01 billion | 2012 | ||
16 | Botswana | $14.23 billion | 2012 | ||
17 | Mozambique | $14.05 billion | 2012 | ||
18 | Senegal | $13.89 billion | 2012 | ||
19 | Namibia | $12.90 billion | 2012 | ||
20 | Chad | $12.73 billion | 2012 | ||
21 | Mauritius | $11.31 billion | 2012 | ||
22 | Burkina Faso | $10.89 billion | 2012 | ||
23 | Mali | $10.18 billion | 2012 | ||
24 | South Sudan | $10.08 billion | 2012 | ||
25 | Madagascar | $9.98 billion | 2012 | ||
26 | Zimbabwe | $9.67 billion | 2013 | ||
27 | Benin | $7.46 billion | 2012 | ||
28 | Rwanda | $7.01 billion | 2012 | ||
29 | Niger | $6.49 billion | 2012 | ||
30 | Guinea | $5.56 billion | 2012 | ||
31 | Malawi | $4.12 billion | 2012 | ||
32 | Mauritania | $3.89 billion | 2012 | ||
33 | Togo | $3.77 billion | 2012 | ||
34 | Sierra Leone | $3.74 billion | 2012 | ||
35 | Swaziland | $3.70 billion | 2012 | ||
36 | Eritrea | $3.05 billion | 2012 | ||
37 | Burundi | $2.44 billion | 2012 | ||
38 | Lesotho | $2.43 billion | 2012 | ||
39 | Somalia | $2.37 billion | 2010 | ||
40 | Central African Republic | $2.14 billion | 2012 | ||
41 | Cape Verde | $1.80 billion | 2012 | ||
42 | Liberia | $1.71 billion | 2012 | ||
43 | Djibouti | $1.34 billion | 2012 | ||
44 | Seychelles | $1.02 billion | 2012 | ||
45 | The Gambia | $895.70 million | 2012 | ||
46 | Guinea-Bissau | $811.90 million | 2012 | ||
47 | Comoros | $587.90 million | 2012 | ||
48 | Sao Tome and Principe | $259.40 million | 2012 |