GDP Per Capita Calculator

Formula

The formula to calculate the GDP Per Capita is:

\[ \text{GDP Per Capita} = \frac{\text{Real GDP}}{\text{Total Population}} \]

Where:

$ \text{Real GDP} $ is the total economic output adjusted for inflation ($)
$ \text{Total Population} $ is the number of people in the country

What is GDP Per Capita?

GDP per capita is the amount of GDP per average citizen of a country. It is an important metric to keep in mind when analyzing countries' economies, but it is not the end all be all. For example, if a country has a large GDP due to a large number of rich people, the average GDP per capita will be higher, but for the most part, the people of that country are poorer than that average.

Example Calculation

Let's assume the following values:

Real GDP = $1,000,000,000
Total Population = 10,000,000

Using the formula to calculate the GDP Per Capita:

\[ \text{GDP Per Capita} = \frac{1,000,000,000}{10,000,000} = 100 \]

The GDP Per Capita is $100.