AP MacroeconomicsMeasuring the Economy
Per Capita GDP
Per capita GDP is the total GDP of a country divided by its population, measuring average economic output per person.
It provides a rough indicator of the standard of living and economic well-being of a nation’s citizens. Higher per capita GDP generally correlates with greater access to goods, services, and income, but does not account for income distribution or quality of life factors.
Formula / Example
Per Capita GDP = GDP / Population