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Mar 31, 2024 · GDP per capita is a country's economic output per person, calculated by dividing the GDP by the population. It's used to measure the prosperity and wealth of nations and compare them globally.
Jan 30, 2024 · GDP per capita is the value of a country's GDP divided by its population. It indicates the standard of living and productivity of its citizens, but it is affected by factors such as population growth, economic geography, transparency, and education.
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- 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 (current US$) World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map. Details. Label. 1960 - 2022. Country. Most Recent Year.
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GDP per capita is the total GDP divided by the population of a country, expressed in a standard currency like USD. It is an indicator of economic performance and well-being, but it has some limitations and caveats.
Mar 29, 2022 · The Gross Domestic Product per capita, or GDP per capita, is a measure of a country's economic output that accounts for its number of people.It divides the country's gross domestic product by its total population.
- Kimberly Amadeo
Sep 17, 2020 · Real GDP per capita is a country's economic output for each person adjusting for inflation. Learn how to calculate it, see annual data since 1947, and understand its implications for your lifestyle.
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.
