How do you calculate the real GDP per person?

The real Gross Domestic Product per person, or per capita, is calculated by first adjusting the nominal GDP of a country for inflation by dividing the nominal GDP by the deflator. The adjusted number, or real GDP, is then divided by the country’s population. Determine the deflator. The deflator is determined by finding the level of inflation ...

What are the determinants of per capita GDP?

economy corresponds to each person in the population on average. then GDP per capita increases. But if the country’s population increases faster than total GDP, then GDP per capita falls.

What is the equation for real GDP?

The formula for real GDP is nominal GDP divided by the deflator: For example, real GDP was $19.073 trillion in 2019. The nominal GDP was $21.427 trillion. The deflator was 1.1234. 2 3 $19.073 trillion = $21.427 trillion/1.1234.