Search results
- Gross domestic product (GDP) per capita is an economic metric that breaks down a country's economic output to a per-person allocation. Economists use GDP per capita to determine the prosperity of countries based on their economic growth. GDP per capita is calculated by dividing the GDP of a nation by its population.
www.investopedia.com › terms › p
People also ask
How do you calculate GDP per capita?
What is real GDP per capita?
Which countries have a higher GDP per capita?
What is GDP per capita used for?
Mar 31, 2024 · Gross domestic product per capita is a country's economic output per person. It's calculated by dividing the GDP of a country by its population. GDP per capita along with...
May 26, 2024 · The simple formula of GDP per capita is the following: GDP per capita = Gross Domestic Product / Population. To see the difference between these indicators, let's have a look at the below table with real GDP and GDP per capita data from different countries between 2007 and 2017.
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...
GDP per capita stands for Gross Domestic Product (GDP) per capita (per person). It is derived from a straightforward division of total GDP (see definition of GDP) by the population.
Mar 29, 2022 · How To Calculate GDP Per Capita . The formula is GDP divided by population. If you’re looking at just one point in time in one country, then you can use regular “nominal” GDP divided by the current population. “Nominal” means GDP per capita is measured in current dollars.
- Kimberly Amadeo
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.
GDP per capita = GDP / population. We can use the table below to fill in the formula.
