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Mar 31, 2024 · GDP per capita is an economic metric that breaks down a country's economic output per person. Learn how it is calculated, used, and influenced by various factors, and see the top 10 countries with the highest and lowest GDP per capita in 2024.
Jan 30, 2024 · GDP Per Capita is a measurement of the approximate value of a country's gross domestic product (GDP) contributed by each member of its population. It is calculated by taking a country's GDP and dividing it by the country's population.
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- 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 adjusted for inflation and cost of living. See data from 1990 to 2021, sources, methodology, and related indicators on Our World in Data.
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 does not account for income distribution or purchasing power.
3 days ago · Table of contents. What is GDP per capita? — Formula behind the GDP per capita calculator The US GDP per capita vs. the highest GDP per capita in the world GDP per capita and inequality FAQs. The GDP per capita calculator is a tool to compute the Gross Domestic Product per unit of population in a given country.
