Per Capita Gross Domestic Product
Per capita gross domestic product (GDP) is a measure of the total economic output of a country or region divided by its population. It is used to compare the economic output of different countries and regions, and to measure the economic growth of a country or region over time. Per capita GDP is also used to measure the standard of living of a country or region, as it takes into account the size of the population.
History of Per Capita GDP
The concept of per capita GDP was first developed in the late 19th century by the British economist William Stanley Jevons. Jevons used the concept to compare the economic output of different countries, and to measure the economic growth of a country over time. Since then, the concept has been widely used by economists and governments to measure the economic performance of countries and regions.
Comparison of Per Capita GDP
| Country | Per Capita GDP (USD) |
|---|---|
| United States | 62,794 |
| China | 10,092 |
| India | 2,170 |
Summary
Per capita GDP is a measure of the total economic output of a country or region divided by its population. It is used to compare the economic output of different countries and regions, and to measure the economic growth of a country or region over time. It is also used to measure the standard of living of a country or region. For more information about per capita GDP, visit the websites of the World Bank, the International Monetary Fund, and the United Nations.
See Also
- Gross Domestic Product (GDP)
- Gross National Product (GNP)
- Gross National Income (GNI)
- Gross Value Added (GVA)
- Net Domestic Product (NDP)
- Net National Product (NNP)
- Real GDP
- Nominal GDP
- Gini Coefficient
- Human Development Index (HDI)
