What is GDP per capita?
GDP per capita is a measure of the average economic output per person within a specific country or region. It is calculated by dividing the total gross domestic product (GDP) of a country by its population. This indicator helps to assess and compare the economic well-being and standard of living among different countries or over time within the same country. Usually, the GDP per capita is expressed in a specific currency, such as dollars or euros, and serves as an important metric for economists, policymakers, and researchers to evaluate economic development and prosperity.
8 авг 2023
