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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. The web page explains how to calculate GDP per capita, its applications, its advantages and disadvantages, and its relation to GDP and population growth.
Jan 30, 2024 · GDP per capita is the value of a country's GDP contributed by each member of its population. It is affected by factors such as population growth, economic geography, transparency, and education level. Learn how to interpret and compare GDP per capita across countries and its advantages and drawbacks.
- 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...
Mar 29, 2022 · GDP per capita is a measure of a country's economic output per person. Learn how to calculate it, how to compare it across countries using PPP, and which countries have the highest and lowest GDP per capita.
- Kimberly Amadeo
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. This data is based on the International Comparison Program (ICP) and the World Development Indicators (WDI) of the World Bank, and expressed in international dollars at 2017 prices.
GDP per capita is the total GDP divided by the population of a country, expressed in a standard currency like USD. It is an indicator of economic performance and well-being, but it has some limitations and caveats.
Sep 17, 2020 · Real GDP per capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation. It's used to compare the standard of living between countries and over time. The web page explains the formula, provides annual U.S. data since 1947, and shows the effect of events on GDP per capita.
