100+ datasets found
  1. U.S. real per capita GDP 2023, by state

    • statista.com
    Updated Jul 5, 2024
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    Statista (2024). U.S. real per capita GDP 2023, 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 5, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    United States
    Description

    Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 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. United States GDP per Capita

    • ceicdata.com
    Updated Apr 15, 2023
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    CEICdata.com (2023). United States GDP per Capita [Dataset]. https://www.ceicdata.com/en/indicator/united-states/gdp-per-capita
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    Dataset updated
    Apr 15, 2023
    Dataset provided by
    CEIC Data
    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
    United States
    Variables measured
    Gross National Income
    Description

    Key information about United States GDP Per Capita

    • United States Gross Domestic Product (GDP) per Capita reached 59,484.000 USD in Dec 2017, compared with 57,542.000 USD in Dec 2016.
    • US GDP Per Capita data is updated yearly, available from Dec 1929 to Dec 2017, with an average number of 6,740.000 USD.
    • The data reached an all-time high of 59,484.000 USD in Dec 2017 and a record low of 455.000 in Dec 1933.


    Related information about United States GDP Per Capita data

    • In the latest reports, US GDP expanded 1.800 % YoY in Mar 2023.
    • US Nominal GDP reached 6,632.444 USD bn in Mar 2023.
    • Its GDP deflator (implicit price deflator) increased 5.336 % in Mar 2023.
    • Gross Savings Rate of US was measured at 16.000 % in Mar 2023.

  3. F

    Real gross domestic product per capita

    • fred.stlouisfed.org
    json
    Updated Mar 27, 2025
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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
    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 Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q4 2024 about per capita, real, GDP, and USA.

  4. A

    Australia GDP per Capita: 2022-23p: Western Australia

    • ceicdata.com
    Updated Jun 21, 2017
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    Australia GDP per Capita: 2022-23p: Western Australia [Dataset]. https://www.ceicdata.com/en/australia/sna08-gross-domestic-product-and-gross-domestic-product-per-capita-by-state
    Explore at:
    Dataset updated
    Jun 21, 2017
    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
    Jun 1, 2013 - Jun 1, 2024
    Area covered
    Australia
    Variables measured
    Gross Domestic Product
    Description

    GDP per Capita: 2022-23p: Western Australia data was reported at 153,082.000 AUD in 2024. This records a decrease from the previous number of 157,391.000 AUD for 2023. GDP per Capita: 2022-23p: Western Australia data is updated yearly, averaging 125,248.000 AUD from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 157,391.000 AUD in 2023 and a record low of 75,065.000 AUD in 1991. GDP per Capita: 2022-23p: Western Australia data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.

  5. F

    Real GDP per Capita in the United States (DISCONTINUED)

    • fred.stlouisfed.org
    json
    Updated Dec 10, 2012
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    (2012). Real GDP per Capita in the United States (DISCONTINUED) [Dataset]. https://fred.stlouisfed.org/series/USARGDPC
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    jsonAvailable download formats
    Dataset updated
    Dec 10, 2012
    License

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

    Area covered
    United States
    Description

    Graph and download economic data for Real GDP per Capita in the United States (DISCONTINUED) (USARGDPC) from 1960 to 2011 about per capita, real, GDP, and USA.

  6. U

    United States GDP by State per Capita: 2005p: Florida

    • ceicdata.com
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    CEICdata.com, United States GDP by State per Capita: 2005p: Florida [Dataset]. https://www.ceicdata.com/en/united-states/nipa-2009-gross-domestic-product-by-state-per-capita/gdp-by-state-per-capita-2005p-florida
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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, 2001 - Dec 1, 2012
    Area covered
    United States
    Variables measured
    Gross Domestic Product
    Description

    United States GDP by State per Capita: 2005p: Florida data was reported at 34,802.000 USD in 2012. This records an increase from the previous number of 34,440.000 USD for 2011. United States GDP by State per Capita: 2005p: Florida data is updated yearly, averaging 34,788.500 USD from Dec 1997 (Median) to 2012, with 16 observations. The data reached an all-time high of 38,966.000 USD in 2006 and a record low of 31,478.000 USD in 1997. United States GDP by State per Capita: 2005p: Florida data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A238: NIPA 2009: Gross Domestic Product by State: Per Capita.

  7. U

    United States GDP by State per Capita: 2005p: Hawaii

    • ceicdata.com
    Updated Nov 15, 2009
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    CEICdata.com (2009). United States GDP by State per Capita: 2005p: Hawaii [Dataset]. https://www.ceicdata.com/en/united-states/nipa-2009-gross-domestic-product-by-state-per-capita/gdp-by-state-per-capita-2005p-hawaii
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    Dataset updated
    Nov 15, 2009
    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, 2001 - Dec 1, 2012
    Area covered
    United States
    Variables measured
    Gross Domestic Product
    Description

    United States GDP by State per Capita: 2005p: Hawaii data was reported at 44,442.000 USD in 2012. This records an increase from the previous number of 44,296.000 USD for 2011. United States GDP by State per Capita: 2005p: Hawaii data is updated yearly, averaging 42,817.000 USD from Dec 1997 (Median) to 2012, with 16 observations. The data reached an all-time high of 45,261.000 USD in 2007 and a record low of 38,806.000 USD in 1998. United States GDP by State per Capita: 2005p: Hawaii data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A174: NIPA 2009: Gross Domestic Product by State: Per Capita.

  8. U.S. real GDP per capita 2021, by metro area

    • statista.com
    Updated Jul 5, 2024
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    Statista (2024). U.S. real GDP per capita 2021, by metro area [Dataset]. https://www.statista.com/statistics/248112/per-capita-us-real-gross-domestic-product-gdp-by-metro-area/
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    Dataset updated
    Jul 5, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2021
    Area covered
    United States
    Description

    In 2021, Midland metropolitan area in Texas had a per capita real GDP of about 227,765 chained U.S. dollars, the highest of any metro area in the United States. The San-Jose-Sunnyvale-Santa Clara and San Francisco-Oakland-Berkely metro areas in California also had high real GDP per capita. The Seattle-Tacoma-Bellevue metro area in Washington state and the Trenton-Princeton metro area in New Jersey round out the top five. Only the top 100 metro areas by GDP per capita are shown here.

  9. U

    United States US: GDP: per Capita

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). United States US: GDP: per Capita [Dataset]. https://www.ceicdata.com/en/united-states/gross-domestic-product-nominal/us-gdp-per-capita
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    Dataset updated
    Feb 15, 2025
    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, 2005 - Dec 1, 2016
    Area covered
    United States
    Variables measured
    Gross Domestic Product
    Description

    United States US: GDP: per Capita data was reported at 59,531.662 USD in 2017. This records an increase from the previous number of 57,588.538 USD for 2016. United States US: GDP: per Capita data is updated yearly, averaging 22,202.835 USD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 59,531.662 USD in 2017 and a record low of 3,007.123 USD in 1960. United States US: GDP: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: 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.; ;

  10. U

    United States GDP by State per Capita: 2005p: New Mexico

    • ceicdata.com
    Updated Nov 15, 2009
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    CEICdata.com (2009). United States GDP by State per Capita: 2005p: New Mexico [Dataset]. https://www.ceicdata.com/en/united-states/nipa-2009-gross-domestic-product-by-state-per-capita/gdp-by-state-per-capita-2005p-new-mexico
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    Dataset updated
    Nov 15, 2009
    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, 2001 - Dec 1, 2012
    Area covered
    United States
    Variables measured
    Gross Domestic Product
    Description

    United States GDP by State per Capita: 2005p: New Mexico data was reported at 33,900.000 USD in 2012. This records an increase from the previous number of 33,872.000 USD for 2011. United States GDP by State per Capita: 2005p: New Mexico data is updated yearly, averaging 33,886.000 USD from Dec 1997 (Median) to 2012, with 16 observations. The data reached an all-time high of 35,550.000 USD in 2004 and a record low of 30,001.000 USD in 1997. United States GDP by State per Capita: 2005p: New Mexico data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A174: NIPA 2009: Gross Domestic Product by State: Per Capita.

  11. Gross domestic product (GDP) per capita in the United States 2029

    • statista.com
    Updated Nov 29, 2024
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    Statista (2024). Gross domestic product (GDP) per capita in the United States 2029 [Dataset]. https://www.statista.com/statistics/263601/gross-domestic-product-gdp-per-capita-in-the-united-states/
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    Dataset updated
    Nov 29, 2024
    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 2023, with projections up until 2029. In 2023, the gross domestic product per capita in the United States amounted to around 81,632.25 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 .

  12. T

    United States - GDP Per Capita

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jan 31, 2017
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    TRADING ECONOMICS (2017). United States - GDP Per Capita [Dataset]. https://tradingeconomics.com/united-states/gdp-per-capita-us-dollar-wb-data.html
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    Jan 31, 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
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    United States
    Description

    GDP per capita (current US$) in United States was reported at 82769 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

  13. A

    Australia GDP: Western Australia

    • ceicdata.com
    Updated Mar 19, 2025
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    CEICdata.com (2025). Australia GDP: Western Australia [Dataset]. https://www.ceicdata.com/en/australia/sna08-gross-domestic-product-and-gross-domestic-product-per-capita-by-state/gdp-western-australia
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    Dataset updated
    Mar 19, 2025
    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
    Jun 1, 2013 - Jun 1, 2024
    Area covered
    Australia
    Variables measured
    Gross Domestic Product
    Description

    GDP: Western Australia data was reported at 455,707.000 AUD mn in 2024. This records an increase from the previous number of 446,066.000 AUD mn for 2023. GDP: Western Australia data is updated yearly, averaging 143,237.000 AUD mn from Jun 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 455,707.000 AUD mn in 2024 and a record low of 39,451.000 AUD mn in 1990. GDP: Western Australia data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.

  14. F

    Purchasing Power Parity Converted GDP Per Capita Relative to the United...

    • fred.stlouisfed.org
    json
    Updated Sep 17, 2012
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    (2012). Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Mexico [Dataset]. https://fred.stlouisfed.org/series/PGD2USMXA621NUPN
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    jsonAvailable download formats
    Dataset updated
    Sep 17, 2012
    License

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

    Area covered
    Mexico, United States
    Description

    Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Mexico (PGD2USMXA621NUPN) from 1950 to 2010 about Mexico, PPP, per capita, and GDP.

  15. B

    Brazil GDP per Capita: State of São Paulo: Previous Year Price

    • ceicdata.com
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    CEICdata.com (2017). Brazil GDP per Capita: State of São Paulo: Previous Year Price [Dataset]. https://www.ceicdata.com/en/brazil/sna-2008-gross-domestic-product-per-capita-southeast-so-paulo/gdp-per-capita-state-of-so-paulo-previous-year-price
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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, 2012 - Dec 1, 2023
    Area covered
    Brazil
    Variables measured
    Domestic Investment
    Description

    GDP per Capita: State of São Paulo: Previous Year Price data was reported at 68,785.052 BRL in 2023. This records an increase from the previous number of 62,321.375 BRL for 2022. GDP per Capita: State of São Paulo: Previous Year Price data is updated yearly, averaging 37,882.121 BRL from Dec 2003 (Median) to 2023, with 21 observations. The data reached an all-time high of 68,785.052 BRL in 2023 and a record low of 13,465.070 BRL in 2003. GDP per Capita: State of São Paulo: Previous Year Price data remains active status in CEIC and is reported by State System of Data Analysis Foundation. The data is categorized under Brazil Premium Database’s National Accounts – Table BR.AG022: SNA 2008: Gross Domestic Product per Capita: Southeast: São Paulo.

  16. F

    Per Capita Personal Income in West Virginia

    • fred.stlouisfed.org
    json
    Updated Mar 4, 2025
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    (2025). Per Capita Personal Income in West Virginia [Dataset]. https://fred.stlouisfed.org/series/WVPCPI
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    jsonAvailable download formats
    Dataset updated
    Mar 4, 2025
    License

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

    Area covered
    West Virginia
    Description

    Graph and download economic data for Per Capita Personal Income in West Virginia (WVPCPI) from 1929 to 2023 about WV, personal income, per capita, personal, income, and USA.

  17. F

    Per Capita Personal Income in California

    • fred.stlouisfed.org
    json
    Updated Mar 4, 2025
    + more versions
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    (2025). Per Capita Personal Income in California [Dataset]. https://fred.stlouisfed.org/series/CAPCPI
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    jsonAvailable download formats
    Dataset updated
    Mar 4, 2025
    License

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

    Area covered
    California
    Description

    Graph and download economic data for Per Capita Personal Income in California (CAPCPI) from 1929 to 2023 about personal income, per capita, CA, personal, income, and USA.

  18. F

    Gross Domestic Product Per Capita for Caribbean Small States

    • fred.stlouisfed.org
    json
    Updated Dec 17, 2024
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    (2024). Gross Domestic Product Per Capita for Caribbean Small States [Dataset]. https://fred.stlouisfed.org/series/NYGDPPCAPCDCSS
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    jsonAvailable download formats
    Dataset updated
    Dec 17, 2024
    License

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

    Area covered
    Caribbean
    Description

    Graph and download economic data for Gross Domestic Product Per Capita for Caribbean Small States (NYGDPPCAPCDCSS) from 1960 to 2023 about Caribbean Economies, per capita, and GDP.

  19. T

    United States - GDP Per Capita (constant 2000 US$)

    • tradingeconomics.com
    csv, excel, json, xml
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    TRADING ECONOMICS, United States - GDP Per Capita (constant 2000 US$) [Dataset]. https://tradingeconomics.com/united-states/gdp-per-capita-constant-2000-us-dollar-wb-data.html
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    xml, excel, csv, jsonAvailable 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
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    United States
    Description

    GDP per capita (constant 2015 US$) in United States was reported at 65875 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

  20. d

    Gross and Real Gross Domestic Product for State of Iowa

    • catalog.data.gov
    • data.iowa.gov
    • +1more
    Updated Nov 15, 2024
    + more versions
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    data.iowa.gov (2024). Gross and Real Gross Domestic Product for State of Iowa [Dataset]. https://catalog.data.gov/dataset/gross-and-real-gross-domestic-product-for-state-of-iowa
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    Dataset updated
    Nov 15, 2024
    Dataset provided by
    data.iowa.gov
    Area covered
    Iowa
    Description

    This dataset provides both quarterly and annual estimates of the value of the goods and services produced in Iowa as provided by the U.S. Department of Commerce, Bureau of Economic Analysis in tables SAGDP2N, SAGDP9N, SAGDP10N, SQGDP2, and SQGDP9. Annual data is available beginning in 1997, and quarterly beginning 2005. The data include breakdowns of industries' contributions. Quarterly estimates are presented as an annual rate. Gross domestic product (GDP) is the measure of the market value of all final goods and services produced within Iowa in a particular period of time. In concept, an industry's GDP by state, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). The Iowa GDP a state counterpart to the Nation's GDP, the Bureau's featured and most comprehensive measure of U.S. economic activity. Iowa GDP differs from national GDP for the following reasons: Iowa GDP excludes and national GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and Iowa GDP and national GDP have different revision schedules. GDP is reported in millions of current dollars. Real GDP is an inflation-adjusted measure of Iowa's gross product that is based on national prices for the goods and services produced within Iowa. The real estimates of gross domestic product (GDP) are measured in millions of chained dollars. The annual per capita real GDP is also provided and is measured in chained dollars. In calculating the per capita real GDP, the real GDP is divided by the Census Bureau’s annual midyear (July 1) population estimates for the year.

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Statista (2024). U.S. real per capita GDP 2023, 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 2023, by state

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17 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Jul 5, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2023
Area covered
United States
Description

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 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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