How is GDP per capita calculated?

Gross domestic product (GDP) per capita is a financial metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a nation by its population. Gross domestic product per capita measures a country's economic output per person and is calculated by dividing the GDP of a country by its population.

What is an example of GDP per capita?

Note that several leading GDP-per-capita (nominal) jurisdictions may be considered tax havens, and their GDP data subject to material distortion by tax planning activities. Examples include Bermuda, the Cayman Islands, and Luxembourg. All data are in current United States dollars.

What are the factors of GDP per capita?

There are two components – mainly GDP and the country’s total population. So, the formula for GDP Per Capita is Total GDP / Total Population. If we are looking at a particular point in one country, we can use Nominal GDP, which means the nominal GDP is measured in the current dollar.