Search results
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 ...
May 29, 2023 · What you should know about this indicator. This GDP per capita indicator provides information on economic growth and income levels from 1990. This data is adjusted for inflation and for differences in the cost of living between countries. This data is expressed in international-$ at 2017 prices.
Sep 21, 2022 · Gross domestic product (GDP) Gross national product (GNP) Income. Key Takeaways. Per capita is a term used in economic and statistical analysis that means per person. Per capita...
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 is a measure of average output per person in a country. It means GDP per head of the population. To get the GDP per capita figure, we divide the country’s GDP by its total population. Economists say that this figure is more relevant than just GDP because it shows the relative performance of an economy.
Sep 29, 2020 · GDP per capita =Gross Domestic Product / Population. For example, the US GDP per Capita is around $20 trillion in gross domestic product (2018) for a population of more than 300 million people. Using these numbers, that would mean the US GDP per capita is: GDP per capita = $20,000,000,000,000 / 300,000,000 = $66,667.
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.
