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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 is GDP per capita?

Gross domestic product per capita is a global measurement used by economists to gauge the prosperity of nations based on economic growth. There are a few ways to analyze a country’s wealth and prosperity. GDP per capita is the most universal because its components are regularly tracked on a global scale, providing ease of calculation and usage.

How do you calculate GDP per capita?

It's calculated by dividing the GDP of a country by its population. GDP per capita along with overall GDP is used by economists to analyze the economic prosperity of a country and to compare it to other countries. It's important to consider how much GDP and population each affect the GDP per capita figure.

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