Gross Domestic Product (GDP) per capita is a measure that calculates the average economic output per person in a country. It is obtained by dividing the total GDP of a nation by its population.
Related terms
Human Development Index: A measurement that takes into account not only GDP per capita but also factors like life expectancy, education levels, and standard of living.
Inequality-adjusted Human Development Index: Similar to the Human Development Index, but it also considers income inequality within a country.
Genuine Progress Indicator: An alternative measurement that evaluates economic progress while accounting for social and environmental factors.
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