What is GDP per capita?

1 Answer
Shreyans Bhansali · Konstantinos Michailidis
Jan 3, 2016

Per capita GDP is a measure of the average output of each person in a country.

Explanation:

Per capita GDP is calculated by taking the gross domestic product (GDP) and dividing it by the number of people in the country.

It is used to compare the economic outputs of countries with different total GDPs and different sized populations.

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