GDP per capita South America 1960-2023
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- Опубліковано 8 сер 2023
- What is GDP per capita?
GDP per capita is a measure of the average economic output per person within a specific country or region. It is calculated by dividing the total gross domestic product (GDP) of a country by its population. This indicator helps to assess and compare the economic well-being and standard of living among different countries or over time within the same country. Usually, the GDP per capita is expressed in a specific currency, such as dollars or euros, and serves as an important metric for economists, policymakers, and researchers to evaluate economic development and prosperity.
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