What is the definition of per capita GDP?

Question

GDP per capita measures a country's economic output relative to its population. It is often used to compare economic output across countries of different sizes, although it doesn't show how income is distributed among residents. What other indicators should be considered when evaluating a country's living standards and economic well-being?

William Cruz · Answer

GDP per capita is a country's total economic output (Gross Domestic Product) divided by its population. It provides an average measure of economic output per person, but it does not show how income or wealth is distributed among individuals. DataBank

Josh · Answer

Per capita GDP is the average economic output per person in a country. It is calculated by dividing the country’s total GDP by its population. In simple terms, it gives us an idea of how much economic value is produced per person, though it doesn’t tell us how equally income is distributed.

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