The gross domestic product (GDP) is a macroeconomic measure that allows expressing the monetary value of the production of services and goods of the final demand of a nation or region, during a set period of time and is usually a period of 12 months or one year.
This meter is used as an object of studies in the field of macroeconomics, its computations or calculations are framed or molded to the country's accounting.
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For its determination, several additional visions or approaches are taken into account, whenever they are made the corresponding adjustments, the results obtained are included in the calculation of the economy submerged.
In this article you will find:
What is GDP per capita?
GDP per capita, also known as income per capital or income per capita is an indicative that allows establishing the relationship that originates between the income of a nation and its population.
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To achieve this, the gross domestic product or GDP of the territory must be divided by the total of the nation's inhabitants.
The use of the data resulting from the GDP per capita is linked as indicative of the wealth or economic stability of a nation, which is necessary because it interrelates the national income with each one of the inhabitants of the countries.
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The purpose of GDP per capita is to obtain data that somehow demonstrates the degree of wealth or well-being of the country under study at a required time. It is often used as a measure of comparison and equalization between different nations, in order to demonstrate differences in economic conditions within the country.
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Calculation and use of GDP per capita
The GDP that is usually used when calculating GDP per capita is that expressed in nominal terms, that is, that calculated where they are used. updated prices of products and services provided in the relevant period and not price constants as when using real GDP.
However, it is frequent that this data is not taken as totally reliable since, by not taking into account important aspects such as the inequality in the distribution of wealth, the factor of education, the level of literacy or the growth of the countries itself, considers that the object of study remains vague and does not provide enough information to express the true situation of the country in study.
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GDP per capita World
The body in charge of making the world list of correlation of GDP per capita is the International Monetary Fund, below, part of the list presented with the estimate for 2018:
- Qatar Qatar with 128,702
- Luxembourg 110,870
- Singapore 98,014
- United Arab Emirates 68,662
- Hong Kong 64,533
- United States 62,152
- Saudi Arabia 859
- Germany 52,801
- Canada 49,775
- United Kingdom 45,565
- Japan 426
- Spain 289
- Italy 39,499
- Trinidad and Tobago 32,010
- Portugal 31,964
- Panama 26,979
- Chile 25,667
- Uruguay 23,571
- Bulgaria 23,154
- Argentina 21,528
- Mexico 20,616
- Dominican Republic 18,116
- China 18,066
- Brazil 16,199
- Colombia 15. 055
- Tunisia 12,186
- Venezuela 10,399
- Paraguay 10,350
- Ukraine 9,214
- Morocco 8,936
- Philippines 8,893
- India 7,783
- Vietnam 7,462
- Nicaragua 6,191
- Nigeria 026
- Honduras 5,802
- Pakistan 5,676
- Cameroon 3,799
- Haiti 1,870
The currency used for this match is the international dollar, also known as the Geary-Khamis dollar, this Currency is hypothetical, however it has the same purchasing power as the US dollar at a certain point in time. given. The idea is that the currency shows the value of a local monetary unit at the borders of the country.
