GDP Per Capita: Definition, Uses, and Highest Per Country

What Is GDP Per Capita? Gross domestic product (GDP) per capita is an economic metric that breaks down a country's economic output to a per-person allocation. Economists use GDP per capita to determine the prosperity of countries based on their economic growth. GDP per capita is calculated by dividing the GDP of a nation by its population. Countries with a higher GDP per capita tend to be those that are industrial and developed and have smaller populations compared to others.Key TakeawaysGross domestic product per capita is a country's economic output per person. It's calculated by dividing the GDP of a country by its population.GDP per capita along with overall GDP is used by economists to analyze the economic prosperity of a country and to compare it to other countries.It's important to consider how much GDP and population each affect the GDP per capita figure.Small, rich countries and more developed industrial nations tend to have the highest GDP per capita. Understanding GDP Per Ca...