Gdp per capita example
- how gdp per capita is calculated
- how gdp per capita is measured
- explain how gdp per capita is calculated
- explain how gross domestic product per capita is calculated
Per capita income!
GDP per Capita Calculator
The GDP per capita calculator is a tool to compute the Gross Domestic Product per unit of population in a given country.
Gdp per capita ranking
If you read further, you can learn how to calculate GDP per capita and get familiar with the real GDP per capita definition. Besides, you can gain some insight into why this indicator is vital in macroeconomics and get some data on the GDP per capita of different countries.
To read more, visit our real GDP calculator.
What is GDP per capita?
— Formula behind the GDP per capita calculator
The Gross Domestic Product (GDP) covered in our GDP calculator is one of the most prominent indicators in macroeconomics. It is devised with the purpose of measuring a country's total economic output, that is, the amount of goods and services produced domestically.
Since the inflation rate might bias the nominal (unadjusted) GDP for different years, economists typically work with real (inflation-adjusted) GDP values.
Still, the real GDP is not the most reliable indicator to measure the standard of living or make a comparison between countries.
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