25th November 2019

measuringworth
12

What is the definition of real GDP per capita?

Real GDP per capita: Real GDP divided by Population. This is the "average" output of the economy per person measured in a base year prices. This ratio is often used as a measure of standard of living in comparisons over time of one country, or between different countries when measured in the same currency.

Similarly, you may ask, what does GDP per capita tell you about a country?

Per capita GDP is a measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in that country. The per capita GDP is especially useful when comparing one country to another, because it shows the relative performance of the countries.

What is GDP per capita income?

Per capita income or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.

What is GDP per capita USA?

57,466.79 USD
2016
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