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How to Calculate GDP per Capita.
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How to Calculate GDP per Capita.

Rosemary Njeri

GDP is the gross domestic product of a country. It is the amount of goods and services produced inside a country.

Gross domestic product per capita is a measurement used to determine a country’s economic output in relation to how many people live in the country.

Formula to calculate GDP per capita.

Calculate GDP per Capita.

Example:

The United States had $18 trillion in gross domestic product in a certain year. Additionally, there were 250 million people living in the country in that year.

Calculate GDP per Capita.

Thus, the GDP per capita of the United States in that year was $72,000.

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