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Apr 16, 2024 · The GDP per capita is the equal Gross Domestic Product apportioning for each resident to display the country’s standard of living. The GDP per capita formula can measure a nation’s economic output, accounting for its population and the person’s count.
Mar 31, 2024 · The calculation formula to determine GDP per capita is a country's gross domestic product divided by its population. GDP per capita reflects a nation's standard of...
5 days ago · The GDP per capita calculator is a tool to compute the Gross Domestic Product per unit of population in a given country. If you read further, you can learn how to calculate GDP per capita and get familiar with the real GDP per capita definition.
Jul 26, 2023 · Calculator. What is GDP Per Capita Formula? The term “GDP per capita” refers to the assessment of the economic output of a country that accounts for the country’s population. In other words, GDP per capita is the gross domestic product of a country that is apportioned against its entire population.
The GDP per capita is calculated by using the Gross Domestic Product figure (real or nominal) and dividing it by the country’s total population. It is assumed that a high GDP per capita means a high standard of living but there are many other factors that must be taken into account when evaluating the competitiveness of a given economy.
Sep 17, 2020 · Economic Terms. Real GDP Per Capita, How to Calculate It, and Data Since 1947. What Real GDP per Capita Reveals About Your Lifestyle. By Kimberly Amadeo. Updated on September 17, 2020. Reviewed by. Toby Walters. In This Article. Real GDP Per Capita Formula. Annual U.S. Real GDP Per Capita Since 1947 in 2012 Dollars.
