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What is GDP per capita?
What is Gross Domestic Product (GDP)?
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What is the difference between GDP per capita and per capita income?
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...
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
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. Per capita GDP is typically expressed in local current currency, local constant currency or a standard unit of currency in international markets, such as the U.S ...
GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country. GDP is composed of goods and services produced for sale in the market and also includes ...
Sep 17, 2020 · Real GDP per capita is a country's economic output for each person adjusting for inflation. The formula, how to calculate, annual data since 1947.
- Kimberly Amadeo
GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States.
GDP per capita. Standard of living: income distribution. Limitations and criticisms. Limitations at introduction. Further criticisms. Research and development about the relation between GDP and use of GDP and reality. Proposals to overcome GDP limitations. Problems with GDP data. Lists of countries by their GDP. See also. References.
