GDP (official exchange rate): $58.22 billion (2012 est.)
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-�-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 rat