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    What is GDP per capita and how is it calculated?

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  2. GDP per capita (current US$) World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map.

  3. GDP per Capita. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its ...

    • What Is Per Capita GDP?
    • Understanding Per Capita GDP
    • Applications of Per Capita GDP
    • Nations with The Highest Per Capita GDP
    • Per Capita GDP Forecasts

    Per capita gross domestic product(GDP) is a financial metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a nation by its population.

    Per capita GDP is a global measure for gauging the prosperity of nations and is used by economists to analyze the prosperity of a country based on its economic growth. There are a few ways to analyze a country’s wealth and prosperity. Per capita GDP is the most universal because its components are regularly tracked on a global scale, providing for ease of calculation and usage. Income per capita is another measure for global prosperity analysis, though it is less broadly used. At its most basic interpretation, per capita GDP shows how much economic production value can be attributed to each individual citizen. Alternatively, this translates to a measure of national wealth since GDP market value per person also readily serves as a prosperity measure. GDP itself is the primary measure of a country's economic productivity. A country's GDP shows the market value of goods and services it produces. In the United States, the Bureau of Economic Analysis reports GDP every quarter.1 Economist...

    Governments can use per capita GDP to understand how the economy is growing with its population. GDP per capita analysis on a national level can provide insights into a country’s domestic population influence. Overall, it is important to look at each variable’s contribution to understand how an economy is growing or contracting in terms of its people. There can be several numerical relationships that affect per capita GDP. If a country’s per capita GDP is growing with a stable population level it can potentially be the result of technological progressions that are producing more with the same population level. Some countries may have high per capita GDP but a small population which usually means they have built up a self-sufficient economy based on an abundance of special resources. A nation may have consistent economic growth but if its population is growing faster than its GDP, per capita GDP growth will be negative. This is not a problem for most established economies, as even a...

    Below are the top 10 nations with the highest per capita GDP as of September 2021, according to the International Monetary Fund (IMF).4 Many of the nations on the list have relatively small populations. Luxembourg, at the top of the list, has one of the smallest populations at 626,000 people.5Most of the small population countries are energy exporters, regional financial centers, and export business powerhouses.

    The IMF provides a regular outlook on global growth with insights on both GDP and GDP per capita updated in its data mapper. It expects little change in the rankings of the top ten countries as sluggish growth data is trending across the globe. The IMF expects the global economy to bounce back from the coronavirus pandemic. The July 2021 IMF report projects GDP growth worldwide of 6.0% in 2021 and 4.9% in 2022.6

  4. The gross domestic product (GDP) per capita figures on this page are derived from PPP ...

  5. GDP - per capita (PPP) compares GDP on a purchasing power parity basis divided by population as of 1 July for the same year. Filter Categories.

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