How do you calculate real GDP per capita?

The third is “ per capita ,” which means “per person.” Real GDP is divided by the population of a country to calculate real GDP per capita. It's the best way to compare economic indicators like GDP for countries with very different population sizes. The formula for real GDP per capita depends on what data you have available.

What is a country's GDP at purchasing power parity (PPP) per capita?

A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita, but adjusted for the cost of living in each country.

What is the difference between PPP per capita and GDP per capita?

On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo, Palestine, and Taiwan) are included in the list in cases in which they appear in the sources.

Does GDP per capita take into account income distribution in a country?

In particular, GDP per capita does not take into account income distribution in a country. In addition, cross-country comparisons based on the U.S. dollar can be distorted by exchange rate fluctuations and often don’t reflect the purchasing power in the countries being compared.