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What is GDP per Capita

Emerging Trends and Insights on Economic Inequality in the Wake of Global Crises
It refers to a country’s GDP divided by its population.
Published in Chapter:
Cross-Country Analysis of Competitiveness in GDP per Capita, Health, Social Support, Freedom
Evin Tom Xavier (Amity University, India), Shilpi Sharma (Amity University, India), and Aayush Agarwal (Amity University, India)
DOI: 10.4018/978-1-6684-5289-9.ch008
Abstract
Happiness supports growth, this chapter aims to further explain how developed countries achieve peace and prosperity by keeping their population happy. The aim of this chapter is to analyze the interdependence between the various factors that affect the happiness of a population measured on happiness scale. This analysis is done by using the World Happiness Report 2020. This report includes the data from 154 countries from different regions of the world taking into account the country's GDP per capita, freedom to make life choices, social support, health life expectancy, among other factors. The research results are based on descriptive and inferential statistics methods. The target of this chapter is to explain the possible reasons behind the success or the failure of the country to provide for its population. This chapter investigates the positive relation between factors like GDP per capita, freedom, health life expectancy, and social support to the happiness of the population.
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More Results
Global Economic Consequences of Russian Invasion of Ukraine
GDP per capita is economic output per person. GDP per capita is the sum of gross value added by all resident producers in the economy divided by the population of the country.
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The Contribution of the Environmental Tax on the Reduction of Carbon Dioxide Emissions: An Exploratory Study in Portugal and Spain
According to macroeconomic theories, this measure allows for assessing the income distribution of a given country or economy. In a way, it provides for determining the country's degree of development since there are other ways to measure the degree of development of an economy.
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Application of Canonical Correlation Analysis to Gender Inequality and Economic Indicators
The degree of a country's economic output that accounts for its number of people. It separates the country's gross domestic product by its total population. That creates it a great estimation of a country's standard of living.
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Drivers of Global Competitiveness and Economic Growth
GDP per capita is gross domestic product divided by the number of inhabitants of a country. GDP is the sum of all goods of a country, and the higher the GDP, demonstrates when this country is developed, and can be classified between poor, rich or developing.
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Relationship Between Population Health and Economic Development on the Example of European Countries
Relative measure of economic development of the country that includes in the analysis the number of the country's population.
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