Definition: The GDP Per Capita measures the total economic output of a country per each of its individual habitants.
What is GDP per capita? In other words, it reflects the countrys production per individual. It indicates the the amount of output or income per person in … Per capita GDP is a global measure for gauging the prosperity of nations and is used by economists, along with GDP, to analyze the prosperity of a country based on its economic growth. GDP per capita stands for Gross Domestic Product (GDP) per capita (per person). Data. This page is a list of the countries of the world by gross domestic product (at purchasing … The best way to calculate real GDP per capita for the United States is to use the real GDP … The GDP per capita is calculated by using the Gross Domestic Product figure (real or nominal) and dividing it by the countrys total population. 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. dollar (USD).
GDP Per Capita: GDP per capita is a measurement of the GDP per person in a country's population. The concept of GDP per capita is used as a competitive measurement to compare countries economies. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). The gross domestic product per capita, or GDP per capita, is a measure of a country's economic output that accounts for its number of people.It divides the country's gross domestic product by its total population. GDP per capita is often used as an indicator of living standards. It is assumed that a high GDP per capita means a high standard of living but there are … GDP Per Capita Definition. ... GDP per capita, PPP (constant 2017 international $) GDP per capita (current US$) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. GDP per capita growth (annual %) from The World Bank: Data. Find Out . CSV XML EXCEL. It shows the purchasing power of an individual and how much economic production is being assigned to every citizen. GDP per capita is a parameter that breaks down the GDP of a country to measure the economic prosperity of the citizens by simply dividing the GDP with the total population of that country.
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