Definition
Per capita GDP is total GDP divided by the population.
Why It Matters
It is often used as a measure of average living standards.
Example
Comparing per capita GDP across countries.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Per capita GDP is total GDP divided by the population.
It is often used as a measure of average living standards.
Comparing per capita GDP across countries.