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Mar 31, 2024 · 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...
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...
Mar 29, 2022 · GDP per capita is a measure of country's gross domestic product by person. Real GDP per capita allows you to compare across time and countries.
- Kimberly Amadeo
GDP is not a measure of the overall standard of living or well-being of a country. Although changes in the output of goods and services per person (GDP per capita) are often used as a measure of whether the average citizen in a country is better or worse off, it does not capture things that may be deemed important to general well-being.
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.
GDP can be adjusted for population growth, also called Per-capita GDP or GDP per person. If a country's GDP doubled over a certain period, but its population tripled, the increase in GDP may not mean that the standard of living increased for the country's residents; the average person in the country is producing less than they were before.
