How does GDP per capita work?

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.

What are the different uses of per capita?

The most common uses of per capita are gross domestic product (GDP) per capita and income per capita. For national economic indicators, such as gross domestic product (GDP) or gross national product (GNP), the total figure is certainly of interest.

What is a per capita metric?

Per capita is used when comparing a certain economic metric to a population. The most common instances of per capita are gross domestic product (GDP) per capita and income per capita. Per capita information provides more granular data than just aggregate information.

What is per capita income?

Per capita income measures the amount of money earned per person in a nation. This metric seeks to evaluate the average per-person income for a given region in order to determine the standard of living and quality of life of a population. Which Country Has the Lowest GDP Per Capita?