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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.
