GDP Per Capita Income of India, Germany, Japan and China #India #Germany #Japan #World

GDP Per Capita Income of India, Germany, Japan and China #India #Germany #Japan #World

GDP per capita is a measure of a country’s economic output (Gross Domestic Product, or GDP) divided by its population. It represents the average income or economic output per person and is often used as an indicator of a country’s standard of living.

Definition:
GDP per capita = Total GDP / Total Population

Key Points:
GDP is the total value of all goods and services produced within a country in a given time period (usually a year).
Per capita means “per person.”
It helps compare the prosperity of different countries or track a country’s growth over time.
A higher GDP per capita typically suggests a higher standard of living, though it doesn’t account for income distribution or cost of living.