What Is GDP Per Capita?

Per capita gross domestic product (Real GDP per capita) is an effective tool for people to understand and grasp the macroeconomic operating conditions of a country or region, that is, GDP per capita, which is often used as an indicator of economic development status in development economics. One of the important macroeconomic indicators.

GDP per capita

GDP per capita = total output (gross GDP, total output of social goods and services) / total population

The ratio of a country's or region's GDP in the accounting period (usually one year) to its resident population National population as a comparative indicator is unscientific).

On December 20, 2005, the National Bureau of Statistics of China re-published China's 2004 GDP of 15.98 trillion yuan based on data obtained from a major economic statistics plan, an increase of 16.8% over expectations. During this statistical process, the World Bank advised the Chinese government. According to this statistics, the proportion of China's agriculture accounts for 13.1%, the proportion of industry accounts for 46.2%, and the proportion of service industries rises to 40.7%. The reason for the large increase in China's economic data in 2004 was due to the first time

2018 year

Ranking [4] Ranking country / region Continent GDP per capita (USD) 1 Luxembourg Europe 104,100 (104,103) 2 Macau, China Asia 80,900 (80,892) 3 Switzerland Europe 80,200 (80,189) 4 Norway Europe 75,500 (75,504) 5 Iceland Europe 70,100 (70,056) 6 Ireland Europe 69,300 (69,330) 7 Qatar Asia 63,500 (63,505) 8 United States America 59,500 (59,531) 9 Singapore Asia 57,700 (57,714) 10 Denmark Europe 563,000 (56,307) 11 Australia Oceania 53,800 (53,799) 12 Sweden Europe 53,400 (53,442) 13 San Marino Europe 49,700 (49,664) 14 Netherlands Europe 48,200 (48,223) 15 Austria Europe 47,300 (47,290) 16 Hong Kong, China Asia 46,200 (46,193) 17 Finland Europe 45,700 (45,703) 18 Canada America 45,000 (45,032) 19 Germany Europe 44,500 (44,469) 20 Belgium Europe 433,000 (43,323) twenty one new Zealand Oceania 429,000 (42,940) twenty two United Arab Emirates Asia 40,700 (40,698) twenty three Israel Asia 40,300 (40,270) twenty four United Kingdom Europe 39,700 (39,720) 25 Andorra Europe 39,100 (39,146) 26 France Europe 38,500 (38,476) 27 Japan Asia 38,400 (38,428) EU region 33,700 (33,715) 28 Italy Europe 32,000 (31,952) 29 Bahamas America 30,800 (30,762) 30 Korea Asia 29,700 (29,742) 31 Kuwait Asia 29,000 (29,040) 32 Brunei Asia 28,300 (28,290) 33 Spain Europe 28,200 (28,156) 34 Malta Europe 26,900 (26,945) 35 Cyprus Europe 25,200 (25,233) 36 Bahrain Asia 23,700 (23,655) 37 Slovenia Europe 23,600 (23,597) 38 Portugal Europe 21,100 (21,136) 39 Saudi Arabia Asia 20,800 (20,760) 40 Czech Republic Europe 20,400 (20,368) 41 Estonia Europe 19,700 (19,704) 42 Greece Europe 18.86 thousand (18,613) 43 Slovakia Europe 176,000 (17,604) 44 Saint Kitts and Nevis America 17.1 million (17,090) 45 Barbados America 16.68 million (16,788) 46 Lithuania Europe 16.67 million (16,680) 47 Uruguay America 16,200 (16,245) 48 Trinidad and Tobago America 161,000 (16,145) 49 Oman Asia 15,700 (15,668) 50 Latvia Europe 15,600 (15,594) 51 Seychelles Africa 15,500 (15,504) 52 Chile America 153,000 (15,346) 53 Panama America 151,000 (15,087) 54 Antigua and Barbuda America 15,000 (15,021) 55 Argentina America 14.4 million (14,401) 56 Hungary Europe 14,200 (14,224) 57 Poland Europe 13,800 (13,811) 58 Palau Oceania 13.34 million (13,417) 59 Croatia Europe 133,000 (13,294) 60 Costa Rica America 11,600 (11,630) 61 Romania Europe 10,800 (10,813) 62 Russia Europe 10,700 (10,743) World per capita 10,700 (10,714) 63 Mauritius Africa 10,500 (10,547) 64 Turkey Europe 10,500 (10,540) 65 Maldives Asia 10,500 (10,535) 66 Grenada America 10,400 (10,376) 67 Malaysia Asia 9944 68 Equatorial Guinea Africa 9850 69 Brazil America 9821 70 St. Lucia America 9574 71 Mexico America 8902 72 Kazakhstan Asia 8837 73 China Asia 8826 74 Lebanon Asia 8523 75 Nauru Oceania 8343 76 Bulgaria Europe 8031 77 Libya Africa 7998 78 Montenegro Europe 7669 79 Dominic America 7609 80 Botswana Africa 7595 81 Turkmenistan Asia 7355 82 Gabon Africa 7220 83 Saint Vincent and the Grenadines America 7185 84 Dominica America 7052 85 Thailand Asia 6593 86 Peru America 6571 87 Colombia America 6301 88 Ecuador America 6198 89 South Africa Africa 6160 90 Suriname America 5900 91 Serbia Europe 5900 92 Belarus Europe 5726 93 Fiji Islands Oceania 5589 94 Macedonia Europe 5442 95 Iran Asia 5415 96 Namibia Africa 5227 97 BiH Europe 5180 98 Iraq Asia 5165 99 Jamaica America 5109 100 Belize America 4905 101 Guyana America 4725 102 Albania Europe 4537 103 Guatemala America 4470 104 Paraguay America 4365 105 Samoa Oceania 4360 106 Angola Africa 4170 107 Azerbaijan Asia 4131 108 Jordan Asia 4129 109 Algeria Africa 4123 110 Georgia Asia 4078 111 Sri Lanka Asia 4065 112 Tonga Oceania 3944 113 Armenia Asia 3936 114 El Salvador America 3889 115 Indonesia Asia 3846 116 Marshall Islands Oceania 3753 117 Mongolia Asia 3735 118 Tuvalu Oceania 3549 119 Tunisia Africa 3490 120 Bolivia America 3393 121 Swaziland Africa 3224 122 Cape verde Africa 3209 123 Federated States of Micronesia Oceania 3187 124 Vanuatu Oceania 3123 125 Bhutan Asia 3110 126 Palestine Asia 3094 127 Morocco Africa 3007 128 Philippines Asia 2988 129 Sudan Africa 2898 130 Ukraine Europe 2639 131 Papua New Guinea Oceania 2555 132 Honduras America 2480 133 Laos Asia 2457 134 Egypt Africa 2412 135 Vietnam Asia 2343 136 Moldova Europe 2289 137 East Timor Asia 2279 138 Nicaragua America 2221 139 Solomon Islands Oceania 2132 140 Nigeria Africa 1968 141 India Asia 1939 142 Djibouti Africa 1927 143 Sao Tome and Principe Africa 1912 144 Kiribati Oceania 1685 145 Ivory Coast Africa 1662 146 Republic of Congo) Africa 1658 147 Ghana Africa 1641 148 Pakistan Asia 1547 149 Bengal Asia 1516 150 Zambia Africa 1509 151 Kenya Africa 1507 152 Uzbekistan Asia 1504 153 Cameroon Africa 1446 154 Cambodia Asia 1384 155 Myanmar Asia 1298 156 Kyrgyzstan Asia 1219 157 Lesotho Africa 1181 158 Mauritania Africa 1136 159 Zimbabwe Africa 1079 160 Senegal Africa 1033 161 Tanzania Africa 936 162 Nepal Asia 835 163 Benin Africa 829 164 Guinea Africa 825 165 Mali Africa 824 166 Tajikistan Asia 800 167 Comoros Africa 797 168 Ethiopia Africa 767 169 Haiti America 765 170 Rwanda Africa 748 171 Guinea-Bissau Africa 723 172 Burkina Faso Africa 670 173 Chad Africa 669 174 Togo Africa 617 175 Uganda Africa 604 176 Afghanistan Asia 585 177 Somalia Africa 499 178 Sierra Leone Africa 499 179 Gambia Africa 483 180 DRC Africa 457 181 Liberia Africa 456 182 Madagascar Africa 449 183 Central Africa Africa 418 184 Mozambique Africa 415 185 Niger Africa 378 186 Malawi Africa 338 187 Burundi Africa 320 On August 15, 2012, the Bureau of Statistics released a report entitled "Achieving a New Leap in the New Century and Writing a New Chapter". The data shows that in 2011, China s per capita GDP reached 35083 yuan, which is calculated based on the average exchange rate. The gross domestic product rose from US $ 1135 in 2002 to US $ 5,432 in 2011. Data show that, while the total economic volume is steadily increasing, the per capita GDP has also increased rapidly. In 2011, China's per capita gross domestic product reached 35083 yuan, excluding price factors, an increase of 1.4 times over 2002, and an average annual growth rate of 10.1%. On February 17, 2011, Professor Yan Xuetong published the article "Beware of Misleading Misleading GDP Per Capita" in the Global Forum International Forum Edition. It is meaningful for the country to build a reasonable indicator system, but it lacks a certain recognition of the reasonable value of GDP per capita. When reflecting on various misconceptions of GDP, we must both be alert to the misguided ideas of per capita GDP that are popular in the West, and correctly understand the reasonable value of per capita GDP. GDP comic First, per capita GDP in most industrialized countries except resource countries reflects the level and degree of social development in a given country. On the one hand, in terms of comparison between China and Japan, although the per capita GDP does not correctly reflect the comprehensive national strength of China and Japan, it does show that Japan has a higher level of development in social security, health care, education and population life, and environmental and ecological construction. In China, especially in Japan, the relatively balanced development of urban and rural areas, as well as the ability to resist disasters and disasters in rural agriculture, which is basically "worry-free and drought-free", has made China far behind. More than 30 years of reform and opening up, China s urbanization and industrialization have accelerated, and the lagging development of rural agriculture has dragged China s per capita GDP. It has become a shortcoming of China s economic and social development, and it has also profoundly affected China s overall national strength and international competition force. On the other hand, taking the top eight economies such as Luxembourg per capita GDP proposed by Professor Yan in 2009 as an example, although their international status and influence cannot be compared with India, which is ranked 137th, in terms of education, medical care, etc. In terms of health, social security and other indicators, the level of social development in Luxembourg and other countries and the balanced development of urban and rural areas are beyond the reach of India. Second, GDP per capita has the meaning of social equity and equality. Although per capita GDP cannot be directly equivalent to the per capita income and living standards of residents, it constitutes the main material basis for the per capita income and living standards of a country's residents and is an important reference indicator for improving the per capita income and living standards of residents. In fact, countries that emphasize GDP per capita generally pay more attention to increasing the per capita income level and social equity of their residents. The concept of per capita GDP and its per capita GDP situation directly determine and influence a country's investment orientation, investment capacity, and investment level in terms of residents' income and living standards and its social construction. Third, per capita GDP has certain internal relations with the industrialization process and social stability. According to Huntington analysis, at a certain stage, per capita GDP growth is directly proportional to social stability and social harmony. Development theory also recognizes that per capita 1,000-3,000 US dollars is the stage of industrialization takeoff, and that 4000-6,000 US dollars is the middle stage of industrialization. After industrialization took off, compared with traditional society, social instability factors increased, especially when the per capita GDP reached 4,000-6,000 US dollars, some countries in the process of modernization often entered a high-risk stage. However, once per capita GDP reaches US $ 6,000-8000, especially after US $ 8,000, except for Argentina, they basically enter a new state of social stability. Yan Wen mentioned that France and Italy with per capita GDP of more than US $ 30,000 do not seem to be more stable than the 36 countries with per capita GDP of US $ 1000-3000, which obviously confuses the huge difference between the basic political stability of the country and the change of leadership by the government. Regardless of the left or the right, as long as there is no prejudice, it should be acknowledged that certain instability under such democratic political conditions, including Western European countries, is essentially different from social instability in the process of democratization in a transitional society. It is worth noting that, on the one hand, among the well-known development theory researchers at home and abroad, even the person who most admires the per capita GDP indicator, only uses per capita GDP as one of the important reference indicators for a certain level of development and status. To equate GDP per capita simply with the international status and international influence of a country; on the other hand, although GDP per capita is virtual, we cannot completely deny the virtual economy because the virtual economy is one of the important causes of the US financial crisis. Not to mention the virtual economy as one of the basis for negating GDP per capita. More importantly, we must see that after the total amount of GDP in China and abroad in China s academic circles surpassed Japan, the mainstream consciousness emphasized the importance of per capita GDP. GDP per capita, with self-consolation and self-affirmation, obviously has different ideological connotations. Was this article helpful? Thanks for the feedback Thanks for the feedback Yes No How can we help? How can we help? RELATED ARTICLES What Are External Agents? What Is an Ad View? What Are the Best Tips for Fashion Advertising? What Is Text Mining? What Is Production Engineering? How Do I Develop Sales Prospects? Toggle Search Health Education Medicine Science Physiology Finance Business Manufacturing Internet Technology About Us    |    Terms of Use    |    Privacy policy Copyright © HelpLeft All rights reserved. How can we help? Name Email Message