Question

what is GDP per Capita???

6 years ago - 3 answers

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A region's gross domestic product, or GDP, is one of the ways of measuring the size of its economy. The GDP of a country is defined as the total market value of all final goods and services produced within a country in a given period of time (usually a calendar year).

The Per Capita GDP (usually of a country) is simply GDP divided by the number of people in that country.

6 years ago

Other Answers

Grosss domestic product, which is the value of all goods and services produced in a countyr in a year, divided by the average population for that year.

Source(s)

by Kimba - 6 years ago

Kimba's got it - although the "per capita" is what means 'per person.' GDP on it's own is a sum for the whole country (not divided by population size).

by hndollar - 6 years ago