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How to calculate GDP per capita?
What is real GDP per capita?
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Mar 31, 2024 · GDP per capita is a metric that breaks down a country's GDP to an amount per person and is calculated by dividing the GDP of a country by its population.
According to our concept, the GDP per capita is calculated by dividing the Gross Domestic Product by the country’s total population. By using the numbers given in the example described above, the GDP per capita of ABC would be $24,739.21.
Jan 30, 2024 · GDP Per Capita is a measurement of the approximate value of a country's gross domestic product (GDP) contributed by each member of its population. It is calculated by taking a country's GDP and dividing it by the country's population.
- 2 min
- GDP per capita, or gross domestic product per capita, measures the approximate value of a country’s GDP being contributed by each member of its pop...
- If a nation’s population growth outpaces a nation’s economic growth, the GDP per capita will be negative, even if the nation’s economic growth is p...
- GDP per capita is highly sensitive to variations in population size.
- GDP per capita is often used in conjunction with GDP as a measurement of a country’s economic health and overall prosperity.
- Per capita GDP is an indicator of the standard of living for a country’s citizens. It takes the country’s productivity, i.e., it’s GDP, and investi...
Apr 16, 2024 · GDP Per Capita = GDP of the Country / Population of that Country. GDP per capita. can measure a nation’s economic output, accounting for its population and the person’s count. The formula divides the nation’s Gross Domestic Product. , the GDP, the number of people, and the nation’s total population.
May 26, 2024 · Table of contents. What is GDP per capita? — Formula behind the GDP per capita calculator The US GDP per capita vs. the highest GDP per capita in the world GDP per capita and inequality FAQs. The GDP per capita calculator is a tool to compute the Gross Domestic Product per unit of population in a given country.
Sep 17, 2020 · US & World Economies. 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.
