100+ datasets found
  1. U.S. real per capita GDP 2024, by state

    • statista.com
    Updated Jul 31, 2025
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    Statista (2025). U.S. real per capita GDP 2024, by state [Dataset]. https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/
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    Dataset updated
    Jul 31, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    United States
    Description

    Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

  2. G

    GDP per capita, PPP in | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Mar 12, 2019
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    Globalen LLC (2019). GDP per capita, PPP in | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/GDP_per_capita_PPP/1000/
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    csv, excel, xmlAvailable download formats
    Dataset updated
    Mar 12, 2019
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1990 - Dec 31, 2024
    Area covered
    World
    Description

    The average for 2024 based on 177 countries was 27291 U.S. dollars. The highest value was in Singapore: 132570 U.S. dollars and the lowest value was in Burundi: 836 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

  3. T

    GDP PER CAPITA PPP by Country in EUROPE3

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jan 15, 2024
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    TRADING ECONOMICS (2024). GDP PER CAPITA PPP by Country in EUROPE3 [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita-ppp?continent=europe3
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    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Jan 15, 2024
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    EUROPE3
    Description

    This dataset provides values for GDP PER CAPITA PPP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  4. F

    Gross domestic product per capita

    • fred.stlouisfed.org
    json
    Updated Mar 27, 2025
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    (2025). Gross domestic product per capita [Dataset]. https://fred.stlouisfed.org/series/A939RC0A052NBEA
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    jsonAvailable download formats
    Dataset updated
    Mar 27, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Gross domestic product per capita (A939RC0A052NBEA) from 1929 to 2024 about per capita, GDP, and USA.

  5. Gross domestic product (GDP) per capita in the United States 2030

    • statista.com
    Updated May 21, 2025
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    Statista (2025). Gross domestic product (GDP) per capita in the United States 2030 [Dataset]. https://www.statista.com/statistics/263601/gross-domestic-product-gdp-per-capita-in-the-united-states/
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    Dataset updated
    May 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The statistic shows the gross domestic product (GDP) per capita in the United States from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product per capita in the United States amounted to around 85,812.18 U.S. dollars. Thus, the United States is one of the countries with the largest GDP per capita worldwide. See the U.S. GDP growth rate here and the US GDP for further information. For comparison, per capita GDP in China had reached about 5,553 U.S. dollars in 2011. Gross domestic product of the United States The gross domestic product (GDP) of a country is an economic key figure, as it represents the market value of goods and services produced in a country within one year. The United States’ GDP) is increasing consistently, and it is expected to continue growing. On a global scale, the U.S. share of GDP adjusted for Purchasing Power Parity has been in the range of 20 percent over the last few years, give or take a few percentage points. The United States has the largest GDP worldwide, with a significant lead over China, Japan and Germany. Gross domestic product per capita is annual GDP divided by the average population from the same year, which allows for a GDP calculation per inhabitant of a country. Thus, a country with a high GDP, like the United States, can still have a low GDP per capita. Consequently, if compared to other countries, the United States does not rank among the top ten on this list .

  6. Countries with the largest gross domestic product (GDP) per capita 2025

    • statista.com
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    Statista, Countries with the largest gross domestic product (GDP) per capita 2025 [Dataset]. https://www.statista.com/statistics/270180/countries-with-the-largest-gross-domestic-product-gdp-per-capita/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Worldwide
    Description

    In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

  7. G

    GDP per capita, PPP in OECD | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jan 30, 2021
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    Globalen LLC (2021). GDP per capita, PPP in OECD | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_ppp/OECD/
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    csv, excel, xmlAvailable download formats
    Dataset updated
    Jan 30, 2021
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1990 - Dec 31, 2024
    Area covered
    World
    Description

    The average for 2024 based on 37 countries was 55142 U.S. dollars. The highest value was in Luxembourg: 128182 U.S. dollars and the lowest value was in Colombia: 18504 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

  8. T

    Trinidad and Tobago TT: GDP: per Capita

    • ceicdata.com
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    CEICdata.com, Trinidad and Tobago TT: GDP: per Capita [Dataset]. https://www.ceicdata.com/en/trinidad-and-tobago/gross-domestic-product-nominal/tt-gdp-per-capita
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2006 - Dec 1, 2017
    Area covered
    Trinidad and Tobago
    Variables measured
    Gross Domestic Product
    Description

    Trinidad and Tobago TT: GDP: per Capita data was reported at 109,328.732 TTD in 2017. This records an increase from the previous number of 108,973.730 TTD for 2016. Trinidad and Tobago TT: GDP: per Capita data is updated yearly, averaging 16,898.990 TTD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 133,260.553 TTD in 2008 and a record low of 1,082.289 TTD in 1960. Trinidad and Tobago TT: GDP: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank: Gross Domestic Product: Nominal. GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

  9. G

    GDP per capita, PPP in Asia | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Feb 22, 2019
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    Globalen LLC (2019). GDP per capita, PPP in Asia | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_ppp/Asia/
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    csv, excel, xmlAvailable download formats
    Dataset updated
    Feb 22, 2019
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1990 - Dec 31, 2024
    Area covered
    World, Asia
    Description

    The average for 2024 based on 40 countries was 31895 U.S. dollars. The highest value was in Singapore: 132570 U.S. dollars and the lowest value was in Palestine: 3846 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

  10. F

    Real gross domestic product per capita

    • fred.stlouisfed.org
    json
    Updated Jul 30, 2025
    + more versions
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    (2025). Real gross domestic product per capita [Dataset]. https://fred.stlouisfed.org/series/A939RX0Q048SBEA
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    jsonAvailable download formats
    Dataset updated
    Jul 30, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q2 2025 about per capita, real, GDP, and USA.

  11. Gross domestic product (GDP) per capita in Georgia 1994-2030

    • statista.com
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    Statista, Gross domestic product (GDP) per capita in Georgia 1994-2030 [Dataset]. https://www.statista.com/statistics/441463/gross-domestic-product-gdp-per-capita-in-georgia/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Europe
    Description

    The gross domestic product (GDP) per capita in Georgia amounted to 9,141.85 U.S. dollars in 2024. Between 1994 and 2024, the GDP per capita rose by 8,969.35 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 3,159.36 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

  12. T

    GDP PER CAPITA by Country in ASIA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 26, 2017
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    TRADING ECONOMICS (2017). GDP PER CAPITA by Country in ASIA [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita?continent=asia
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    json, csv, xml, excelAvailable download formats
    Dataset updated
    May 26, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Asia
    Description

    This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  13. T

    United States GDP per capita PPP

    • tradingeconomics.com
    • tr.tradingeconomics.com
    • +12more
    csv, excel, json, xml
    Updated Jun 15, 2025
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    TRADING ECONOMICS (2025). United States GDP per capita PPP [Dataset]. https://tradingeconomics.com/united-states/gdp-per-capita-ppp
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    excel, xml, json, csvAvailable download formats
    Dataset updated
    Jun 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1990 - Dec 31, 2024
    Area covered
    United States
    Description

    The Gross Domestic Product per capita in the United States was last recorded at 75491.61 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in the United States, when adjusted by Purchasing Power Parity is equivalent to 425 percent of the world's average. This dataset provides - United States GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  14. P

    Poland GDP per Capita

    • ceicdata.com
    Updated Aug 18, 2021
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    CEICdata.com (2021). Poland GDP per Capita [Dataset]. https://www.ceicdata.com/en/indicator/poland/gdp-per-capita
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    Dataset updated
    Aug 18, 2021
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2011 - Dec 1, 2022
    Area covered
    Poland
    Description

    Key information about Poland GDP Per Capita

    • Poland Gross Domestic Product (GDP) per Capita reached 18,221.636 USD in Dec 2022, compared with 17,923.440 USD in Dec 2021.
    • Poland GDP Per Capita data is updated yearly, available from Dec 1965 to Dec 2022, with an average number of 5,515.189 USD.
    • The data reached an all-time high of 18,221.636 USD in Dec 2022 and a record low of 1,487.613 in Dec 1981.
    • CEIC calculates annual GDP per Capita from annual Nominal GDP and annual Population and converts it into USD. Statistics Poland provides Nominal GDP in local currency and Population. Narodowy Bank Polski average market exchange rate is used for currency conversions. GDP per Capita prior to 1995 is calculated from Nominal GDP sourced from the International Monetary Fund.


    Related information about Poland GDP Per Capita data

    • In the latest reports, Poland GDP expanded 0.400 % YoY in Dec 2022.
    • Poland Nominal GDP reached 188.095 USD bn in Dec 2022.
    • Its GDP deflator (implicit price deflator) increased 12.420 % in Sep 2022.
    • Gross Savings Rate of Poland was measured at 29.711 % in Dec 2022.

  15. Gross domestic product (GDP) per capita in Poland 1980-2030

    • statista.com
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    Statista, Gross domestic product (GDP) per capita in Poland 1980-2030 [Dataset]. https://www.statista.com/statistics/376392/gross-domestic-product-gdp-per-capita-in-poland/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Poland
    Description

    The gross domestic product (GDP) per capita in Poland amounted to 24,810 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 23,210 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 11,240 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

  16. GDP-BY-COUNTRY-2022

    • kaggle.com
    Updated Oct 24, 2024
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    Muneeb_Qureshi3131 (2024). GDP-BY-COUNTRY-2022 [Dataset]. https://www.kaggle.com/datasets/muneebqureshi3131/gdp-by-country
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    CroissantCroissant is a format for machine-learning datasets. Learn more about this at mlcommons.org/croissant.
    Dataset updated
    Oct 24, 2024
    Dataset provided by
    Kaggle
    Authors
    Muneeb_Qureshi3131
    License

    Apache License, v2.0https://www.apache.org/licenses/LICENSE-2.0
    License information was derived automatically

    Description

    This dataset provides key economic indicators for five of the world's largest economies, based on their nominal Gross Domestic Product (GDP) in 2022. It includes the GDP values, population, GDP growth rates, per capita GDP, and each country's share of the global economy.

    Columns: Country: Name of the country. GDP (nominal, 2022): The total nominal GDP in 2022, represented in USD. GDP (abbrev.): The abbreviated GDP in trillions of USD. GDP growth: The percentage growth in GDP compared to the previous year. Population: Total population of each country in 2022. GDP per capita: The GDP per capita, representing average economic output per person in USD. Share of world GDP: The percentage of global GDP contributed by each country. Key Highlights: The dataset includes some of the largest global economies, such as the United States, China, Japan, Germany, and India. The data can be used to analyze the economic standing of countries in terms of overall GDP and per capita wealth. It offers insights into the relative growth rates and population sizes of these leading economies. This dataset is ideal for exploring economic trends, performing country-wise comparisons, or studying the relationship between population size and GDP growth.

  17. T

    Taiwan GDP per Capita

    • ceicdata.com
    Updated May 15, 2023
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    CEICdata.com (2023). Taiwan GDP per Capita [Dataset]. https://www.ceicdata.com/en/indicator/taiwan/gdp-per-capita
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    Dataset updated
    May 15, 2023
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2011 - Dec 1, 2022
    Area covered
    Taiwan
    Variables measured
    Gross Domestic Product
    Description

    Key information about Taiwan GDP Per Capita

    • Taiwan Gross Domestic Product (GDP) per Capita reached 32,756.000 USD in Dec 2022, compared with 33,059.000 USD in Dec 2021.
    • Taiwan GDP Per Capita data is updated yearly, available from Dec 1951 to Dec 2022, with an average number of 4,693.000 USD.
    • The data reached an all-time high of 33,059.000 USD in Dec 2021 and a record low of 140.000 in Dec 1959.


    Related information about Taiwan GDP Per Capita data

    • In the latest reports, Taiwan GDP contracted 2.500 % YoY in Mar 2023.
    • Taiwan Nominal GDP reached 185.233 USD bn in Mar 2023.
    • Its GDP deflator (implicit price deflator) increased 0.460 % in Mar 2023.
    • Gross Savings Rate of Taiwan was measured at 36.490 % in Mar 2023.

  18. WWII: pre-war GDP per capita of selected countries and regions 1938

    • statista.com
    Updated Jan 1, 1998
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    Statista (1998). WWII: pre-war GDP per capita of selected countries and regions 1938 [Dataset]. https://www.statista.com/statistics/1334256/wwii-pre-war-gdp-per-capita-country/
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    Dataset updated
    Jan 1, 1998
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    1938
    Area covered
    World
    Description

    In the build up to the Second World War, the United States was the major power with the highest gross domestic product (GDP) per capita in the world. In 1938, the United States also had the highest overall GDP in the world, and by a significant margin, however differences in GDP per person were much smaller. Switzerland In terms of countries that played a notable economic role in the war, the neutral country of Switzerland had the highest GDP per capita in the world. A large part of this was due to the strength of Switzerland's financial system. Most major currencies abandoned the gold standard early in the Great Depression, however the Swiss Franc remained tied to it until late 1936. This meant that it was the most stable, freely convertible currency available as the world recovered from the Depression, and other major powers of the time sold large amounts of gold to Swiss banks in order to trade internationally. Switzerland was eventually surrounded on all sides by Axis territories and lived under the constant threat of invasion in the war's early years, however Swiss strategic military planning and economic leverage made an invasion potentially more expensive than it was worth. Switzerland maintained its neutrality throughout the war, trading with both sides, although its financial involvement in the Holocaust remains a point of controversy. Why look at GDP per capita? While overall GDP is a stronger indicator of a state's ability to fund its war effort, GDP per capita is more useful in giving context to a country's economic power in relation to its size and providing an insight into living standards and wealth distribution across societies. For example, Germany and the USSR had fairly similar GDPs in 1938, whereas Germany's per capita GDP was more than double that of the Soviet Union. Germany was much more industrialized and technologically advanced than the USSR, and its citizens generally had a greater quality of life. However these factors did not guarantee victory - the fact that the Soviet Union could better withstand the war of attrition and call upon its larger population to replenish its forces greatly contributed to its eventual victory over Germany in 1945.

  19. T

    China GDP per capita

    • tradingeconomics.com
    • id.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, China GDP per capita [Dataset]. https://tradingeconomics.com/china/gdp-per-capita
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    csv, json, excel, xmlAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    China
    Description

    The Gross Domestic Product per capita in China was last recorded at 13121.68 US dollars in 2024. The GDP per Capita in China is equivalent to 104 percent of the world's average. This dataset provides - China GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  20. G

    GDP per capita, PPP in G20 | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Feb 1, 2021
    + more versions
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    Globalen LLC (2021). GDP per capita, PPP in G20 | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_ppp/G20/
    Explore at:
    xml, csv, excelAvailable download formats
    Dataset updated
    Feb 1, 2021
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1990 - Dec 31, 2024
    Area covered
    World
    Description

    The average for 2024 based on 18 countries was 40607 U.S. dollars. The highest value was in the USA: 75492 U.S. dollars and the lowest value was in India: 9817 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

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Statista (2025). U.S. real per capita GDP 2024, by state [Dataset]. https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/
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U.S. real per capita GDP 2024, by state

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16 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Jul 31, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2024
Area covered
United States
Description

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

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