What means GDP per capita? GDP per capita is a crucial economic indicator that measures the average economic output per person in a country. It is calculated by dividing the country’s Gross Domestic Product (GDP) by its total population. This metric provides valuable insights into the standard of living, economic well-being, and development level of a nation. In this article, we will explore the significance of GDP per capita, its calculation, and its implications for economic growth and social welfare.
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