GDP per capita

Definition

An approximation of the value of goods produced per person in the country, equal to the country's GDP divided by the total number of people in the country.

Use GDP per capita in a sentence

If you want to try and figure out how to market your product in a new area you should first know the GDP per capita.

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The President was very pleased to learn that the overall economy had grown larger than the overall population and therefore the nation's GDP per capita had increased on his watch.

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Even though China is expected to overtake the United States in total Gross Domestic Product (GDP), the United States still maintains a significantly higher GDP per capita, which indicates a higher standard of living for the average U.S. citizen.

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GDP implicit price deflator GDR