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Field Listing :: GDP (official exchange rate) |
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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 official 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-à-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 artificially 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. |
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Country |
GDP (official exchange rate) |
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Angola
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$113.7 billion (2012 est.)
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Aruba
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$2.516 billion (2009 est.)
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Belize
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$1.558 billion (2012 est.)
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Benin
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$7.463 billion (2012 est.)
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Bhutan
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$2.137 billion (2012 est.)
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Brazil
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$2.223 trillion (2012 est.)
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Brunei
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$16.72 billion (2012 est.)
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Burma
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$54.53 billion (2012 est.)
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Canada
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$1.797 trillion (2012 est.)
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Chad
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$12.73 billion (2012 est.)
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Chile
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$264.5 billion (2012 est.)
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China
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$8.11 trillion
note: because China's exchange rate is determine by fiat, rather than by market forces, the official exchange rate measure of GDP is not an accurate measure of China's output; GDP at the official exchange rate substantially understates the actual level of China's output vis-a-vis the rest of the world; in China's situation, GDP at purchasing power parity provides the best measure for comparing output across countries (2012 est.)
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Cuba
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$72.3 billion (2012 est.)
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Cyprus
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$22.69 billion (2012 est.)
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Egypt
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$253.3 billion (2012 est.)
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Fiji
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$3.97 billion (2012 est.)
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France
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$2.579 trillion (2012 est.)
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Gabon
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$18.15 billion (2012 est.)
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Germany
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$3.383 trillion (2012 est.)
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Ghana
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$39.89 billion (2012 est.)
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Greece
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$245.8 billion (2012 est.)
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Guam
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$4.6 billion (2010 est.)
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Guinea
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$5.556 billion (2012 est.)
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Guyana
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$2.79 billion (2012 est.)
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Haiti
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$7.795 billion (2012 est.)
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India
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$1.817 trillion (2012 est.)
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Iran
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$541.2 billion (2012 est.)
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Iraq
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$209.6 billion (2012 est.)
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Israel
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$254 billion (2012 est.)
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Italy
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$1.987 trillion (2012 est.)
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Japan
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$5.88 trillion (2012 est.)
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Jersey
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$5.1 billion (2005 est.)
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Jordan
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$30.79 billion (2012 est.)
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Kenya
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$40.15 billion (2012 est.)
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Kosovo
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$6.36 billion (2012 est.)
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Kuwait
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$182 billion (2012 est.)
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Laos
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$9.047 billion (2012 est.)
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Latvia
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$28 billion (2012 est.)
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Libya
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$80.81 billion (2012 est.)
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Macau
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$44.3 billion (2012 est.)
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Malawi
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$4.118 billion (2012 est.)
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Mali
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$10.18 billion (2012 est.)
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Malta
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$8.632 billion (2012 est.)
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Mexico
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$1.161 trillion (2012 est.)
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Monaco
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$5.748 billion (2011 est.)
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Nepal
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$18.7 billion (2012 est.)
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Niger
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$6.486 billion (2012 est.)
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Niue
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$10.01 million (2003)
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Norway
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$492.9 billion (2012 est.)
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Oman
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$77.23 billion (2012 est.)
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Palau
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$221 million (2011 est.)
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Panama
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$35.76 billion (2012 est.)
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Peru
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$196.2 billion (2012 est.)
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Poland
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$483.2 billion (2012 est.)
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Qatar
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$189.8 billion (2012 est.)
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Russia
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$2.002 trillion (2012 est.)
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Rwanda
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$7.007 billion (2012 est.)
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Samoa
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$680.7 million (2012 est.)
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Serbia
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$38.02 billion (2012 est.)
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Spain
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$1.306 trillion (2012 est.)
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Sudan
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$59.68 billion (2012 est.)
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Sweden
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$516.7 billion (2012 est.)
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Syria
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$64.7 billion (2011 est.)
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Taiwan
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$467.7 billion (2012 est.)
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Timor-Leste
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$6.215 billion
note: non-oil GDP (2012 est.)
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Togo
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$3.766 billion (2012 est.)
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Tonga
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$464.6 million (2012 est.)
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Turkey
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$777.6 billion (2012 est.)
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Tuvalu
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$39.46 million (2012 est.)
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Uganda
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$20.96 billion (2012 est.)
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West Bank
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$6.641 billion
note: includes Gaza Strip (2008 est.)
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World
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GWP (gross world product): $71.62 trillion (2012 est.)
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Yemen
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$34.9 billion (2012 est.)
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Zambia
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$20.31 billion (2012 est.)
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Zimbabwe
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$9.669 billion
note: in 2009, the Zimbabwean dollar was taken out of circulation, making Zimbabwe's GDP at the official exchange rate a highly inaccurate statistic (2012 est.)
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