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Gross domestic product
- 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 to determine the prosperity of countries, based on their economic growth.
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Mar 31, 2024 · GDP per capita is an economic metric that measures a country's economic output per person. It is a global measure for gauging the prosperity of nations and is used by economists to analyze the growth of a country based on its GDP and population. Learn how to calculate GDP per capita, its applications, and the countries with the highest and lowest GDP per capita in 2023.
Mar 29, 2022 · GDP per capita is a measure of a country's economic output per person. It divides the GDP by the population and can be calculated using nominal or real GDP. Learn how to use purchase power parity to compare GDP per capita across countries and see the highest and lowest rankings.
- Kimberly Amadeo
Jan 30, 2024 · GDP per capita is the value of a country's GDP contributed by each member of its population. It is calculated by dividing GDP by population and affects by factors such as population growth, economic geography, transparency, and education level.
- 2 min
- What is GDP Per Capita?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...
- What does GDP Per Capita mean?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...
- What is the contributing factor when determining GDP Per Capita?GDP per capita is highly sensitive to variations in population size.
- How is GDP Per Capita used to measure the economic health of a country?GDP per capita is often used in conjunction with GDP as a measurement of a country’s economic health and overall prosperity.
- Is GDP Per Capita a useful indicator?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 is the total GDP divided by the population of a country, expressed in a standard unit of currency. It is an indicator of economic performance and well-being, but it has some limitations and weaknesses. See historical and forecasted GDP per capita data for over 195 countries.
May 29, 2023 · GDP per capita is a measure of economic growth and income levels from 1990 to 2021, adjusted for inflation and cost-of-living differences. It is based on the International Comparison Program (ICP) and expressed in international dollars at 2017 prices. See data, charts, FAQs, sources and processing on this indicator.
Sep 29, 2020 · GDP per capita is the amount of goods and services a country produced per person, on average. Learn how to calculate it and how it measures a country's productivity and economic health.
