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Mar 5, 2024 · Diving Deeper: Understanding the GDP per Capita Calculator with Examples. Example 1: If a country's total GDP is $2 trillion and its population is 500 million, the GDP per Capita would be $4,000. Example 2: If a nation's total GDP is $1.5 trillion and its population is 300 million, the GDP per Capita would be $5,000.
Mar 31, 2024 · GDP per capita is a metric that breaks down a country's GDP to an amount per person and is calculated by dividing the GDP of a country by its population.
GDP per capita: a measure of a country's gross domestic product per person. GDP growth rate: in other words, economic growth rate, measures the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.
Sep 17, 2020 · Here's the formula to calculate real GDP per capita (R) if you only know nominal GDP (N) and the deflator (D): (N/D) / C = real GDP per capita The best way to calculate real GDP per capita for the United States is to use the real GDP estimates already published by the BEA.
The formula for calculating GDP per capita is straightforward: GDP per capita=Total GDPPopulationGDP per capita=PopulationTotal GDP . By dividing the total GDP by the population, we obtain the average economic output per person. Real-Life Applications of GDP Per Capita. GDP per capita is utilized in various real-life scenarios, including:
Frequency: Annual. GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
You can use this Gross Domestic Product (GDP) calculator to determine the GDP of a given country based on its income and expenditure. Simply choose the calculation approach you wish to employ, input the relevant information into the available fields, and click on the "Calculate GDP" link. GDP Calculator ( Expenditure Method) Method.
