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. 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.

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

    • statista.com
    Updated Oct 23, 2024
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    Statista (2024). 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 updated
    Oct 23, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    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 four are in Asia, alongside the U.S., Canada, 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.

  4. 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 .

  5. M

    U.S. GDP Per Capita 1960-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
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    MACROTRENDS (2025). U.S. GDP Per Capita 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/usa/united-states/gdp-per-capita
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    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    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 - Mar 14, 2025
    Area covered
    United States
    Description

    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 U.S. dollars.

  6. C

    China Gross Domestic Product: per Capita: Heilongjiang

    • ceicdata.com
    Updated Jun 15, 2020
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    China Gross Domestic Product: per Capita: Heilongjiang [Dataset]. https://www.ceicdata.com/en/china/gross-domestic-product-per-capita/gross-domestic-product-per-capita-heilongjiang
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    Dataset updated
    Jun 15, 2020
    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
    China
    Variables measured
    Gross Domestic Product
    Description

    Gross Domestic Product (GDP): per Capita: Heilongjiang data was reported at 51,563.000 RMB in 2023. This records an increase from the previous number of 50,873.000 RMB for 2022. Gross Domestic Product (GDP): per Capita: Heilongjiang data is updated yearly, averaging 1,468.500 RMB from Dec 1952 (Median) to 2023, with 72 observations. The data reached an all-time high of 51,563.000 RMB in 2023 and a record low of 238.000 RMB in 1952. Gross Domestic Product (GDP): per Capita: Heilongjiang data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product per Capita.

  7. C

    China Gross Domestic Product: per Capita: Guangxi

    • ceicdata.com
    Updated Dec 15, 2024
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    China Gross Domestic Product: per Capita: Guangxi [Dataset]. https://www.ceicdata.com/en/china/gross-domestic-product-per-capita/gross-domestic-product-per-capita-guangxi
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    Dataset updated
    Dec 15, 2024
    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
    China
    Variables measured
    Gross Domestic Product
    Description

    Gross Domestic Product (GDP): per Capita: Guangxi data was reported at 54,005.000 RMB in 2023. This records an increase from the previous number of 51,936.000 RMB for 2022. Gross Domestic Product (GDP): per Capita: Guangxi data is updated yearly, averaging 566.000 RMB from Dec 1950 (Median) to 2023, with 74 observations. The data reached an all-time high of 54,005.000 RMB in 2023 and a record low of 51.000 RMB in 1950. Gross Domestic Product (GDP): per Capita: Guangxi data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product per Capita.

  8. C

    China Gross Domestic Product: per Capita: Fujian

    • ceicdata.com
    Updated Dec 15, 2024
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    China Gross Domestic Product: per Capita: Fujian [Dataset]. https://www.ceicdata.com/en/china/gross-domestic-product-per-capita/gross-domestic-product-per-capita-fujian
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    Dataset updated
    Dec 15, 2024
    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
    China
    Variables measured
    Gross Domestic Product
    Description

    Gross Domestic Product (GDP): per Capita: Fujian data was reported at 129,865.000 RMB in 2023. This records an increase from the previous number of 123,618.000 RMB for 2022. Gross Domestic Product (GDP): per Capita: Fujian data is updated yearly, averaging 1,174.000 RMB from Dec 1952 (Median) to 2023, with 72 observations. The data reached an all-time high of 129,865.000 RMB in 2023 and a record low of 102.000 RMB in 1952. Gross Domestic Product (GDP): per Capita: Fujian data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product per Capita.

  9. T

    Panama GDP per capita

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +17more
    csv, excel, json, xml
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    TRADING ECONOMICS, Panama GDP per capita [Dataset]. https://tradingeconomics.com/panama/gdp-per-capita
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    xml, csv, json, excelAvailable 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, 2023
    Area covered
    Panama
    Description

    The Gross Domestic Product per capita in Panama was last recorded at 16872.88 US dollars in 2023. The GDP per Capita in Panama is equivalent to 134 percent of the world's average. This dataset provides - Panama GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  10. F

    Total Per Capita Real Gross Domestic Product for Los Angeles-Long...

    • fred.stlouisfed.org
    json
    Updated Sep 18, 2018
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    (2018). Total Per Capita Real Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (DISCONTINUED) [Dataset]. https://fred.stlouisfed.org/series/PCRGMP31080
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Sep 18, 2018
    License

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

    Area covered
    Los Angeles Metropolitan Area, California
    Description

    Graph and download economic data for Total Per Capita Real Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (DISCONTINUED) (PCRGMP31080) from 2001 to 2017 about Los Angeles, per capita, CA, real, industry, GDP, and USA.

  11. M

    World GDP Per Capita 1960-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
    + more versions
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    MACROTRENDS (2025). World GDP Per Capita 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/WLD/world/gdp-per-capita
    Explore at:
    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    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 - Mar 12, 2025
    Area covered
    World
    Description

    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 U.S. dollars.

  12. C

    China Gross Domestic Product: per Capita: Henan

    • ceicdata.com
    + more versions
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    CEICdata.com, China Gross Domestic Product: per Capita: Henan [Dataset]. https://www.ceicdata.com/en/china/gross-domestic-product-per-capita/gross-domestic-product-per-capita-henan
    Explore at:
    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
    China
    Variables measured
    Gross Domestic Product
    Description

    Gross Domestic Product (GDP): per Capita: Henan data was reported at 60,073.000 RMB in 2023. This records an increase from the previous number of 58,942.000 RMB for 2022. Gross Domestic Product (GDP): per Capita: Henan data is updated yearly, averaging 635.300 RMB from Dec 1949 (Median) to 2023, with 75 observations. The data reached an all-time high of 60,073.000 RMB in 2023 and a record low of 50.000 RMB in 1949. Gross Domestic Product (GDP): per Capita: Henan data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product per Capita.

  13. C

    China Gross Domestic Product: per Capita: Jiangsu

    • ceicdata.com
    Updated Dec 15, 2024
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    CEICdata.com (2024). China Gross Domestic Product: per Capita: Jiangsu [Dataset]. https://www.ceicdata.com/en/china/gross-domestic-product-per-capita/gross-domestic-product-per-capita-jiangsu
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    Dataset updated
    Dec 15, 2024
    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
    China
    Variables measured
    Gross Domestic Product
    Description

    Gross Domestic Product (GDP): per Capita: Jiangsu data was reported at 150,487.000 RMB in 2023. This records an increase from the previous number of 143,466.000 RMB for 2022. Gross Domestic Product (GDP): per Capita: Jiangsu data is updated yearly, averaging 1,676.500 RMB from Dec 1952 (Median) to 2023, with 72 observations. The data reached an all-time high of 150,487.000 RMB in 2023 and a record low of 131.000 RMB in 1952. Gross Domestic Product (GDP): per Capita: Jiangsu data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product per Capita.

  14. T

    Brazil GDP per capita

    • tradingeconomics.com
    • fr.tradingeconomics.com
    • +17more
    csv, excel, json, xml
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    Brazil GDP per capita [Dataset]. https://tradingeconomics.com/brazil/gdp-per-capita
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    xml, json, excel, csvAvailable 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, 2023
    Area covered
    Brazil
    Description

    The Gross Domestic Product per capita in Brazil was last recorded at 9258.05 US dollars in 2023. The GDP per Capita in Brazil is equivalent to 73 percent of the world's average. This dataset provides - Brazil GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  15. F

    Gross Domestic Product Per Capita for Italy

    • fred.stlouisfed.org
    json
    Updated Dec 17, 2024
    + more versions
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    (2024). Gross Domestic Product Per Capita for Italy [Dataset]. https://fred.stlouisfed.org/series/PCAGDPITA646NWDB
    Explore at:
    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
    Italy
    Description

    Graph and download economic data for Gross Domestic Product Per Capita for Italy (PCAGDPITA646NWDB) from 1960 to 2023 about Italy, per capita, and GDP.

  16. Gross domestic product (GDP) per capita in Italy 2029

    • statista.com
    Updated Nov 29, 2024
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    Statista (2024). Gross domestic product (GDP) per capita in Italy 2029 [Dataset]. https://www.statista.com/statistics/263595/gross-domestic-product-gdp-per-capita-in-italy/
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    Dataset updated
    Nov 29, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Italy
    Description

    This statistic shows the gross domestic product (GDP) per capita in Italy from 1987 to 2023, with projections up until 2029. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2023, the GDP per capita in Italy was around 39,012.08 U.S. dollars. Italy's struggling economy Italy’s GDP per capita has been unstable since 2008, often experiencing slight increases and decreases annually. The third largest economy of the euro area not only suffered from the global financial crisis, they were also one of the primary victims of the euro area crisis. One of the outcomes is the significant growth of Italy’s national debt, which saw continued upsurges every year over the past decade. With the collapse of investments and loss of industrial production, the Italian state was forced to resort to increase taxation and decrease spending. Additionally, Italy was forced to borrow more, which in turn increased national debt and furthermore their debt-to-GDP ratio. A debt-to-GDP ratio is significant to help determine if a country can pay off its debts without incurring more. Increased taxation and decrease spending helped with reducing expenditures as well as raising revenues, however Italy still maintained a trade balance deficit, which has only recently< started to recover. Several reasons for Italy’s downturn as a country are unnecessary spending and incompetent leadership.

  17. C

    China Gross Domestic Product: per Capita: Guangdong

    • ceicdata.com
    Updated Dec 15, 2024
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    CEICdata.com (2024). China Gross Domestic Product: per Capita: Guangdong [Dataset]. https://www.ceicdata.com/en/china/gross-domestic-product-per-capita/gross-domestic-product-per-capita-guangdong
    Explore at:
    Dataset updated
    Dec 15, 2024
    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
    China
    Variables measured
    Gross Domestic Product
    Description

    Gross Domestic Product (GDP): per Capita: Guangdong data was reported at 106,985.000 RMB in 2023. This records an increase from the previous number of 102,217.000 RMB for 2022. Gross Domestic Product (GDP): per Capita: Guangdong data is updated yearly, averaging 1,163.958 RMB from Dec 1949 (Median) to 2023, with 75 observations. The data reached an all-time high of 106,985.000 RMB in 2023 and a record low of 73.000 RMB in 1949. Gross Domestic Product (GDP): per Capita: Guangdong data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product per Capita.

  18. T

    China GDP per capita

    • tradingeconomics.com
    • id.tradingeconomics.com
    • +17more
    csv, excel, json, xml
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    TRADING ECONOMICS, China GDP per capita [Dataset]. https://tradingeconomics.com/china/gdp-per-capita
    Explore at:
    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, 2023
    Area covered
    China
    Description

    The Gross Domestic Product per capita in China was last recorded at 12175.20 US dollars in 2023. The GDP per Capita in China is equivalent to 96 percent of the world's average. This dataset provides - China GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  19. F

    Total Per Capita Real Gross Domestic Product for San Diego-Carlsbad, CA...

    • fred.stlouisfed.org
    json
    Updated Sep 18, 2018
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    (2018). Total Per Capita Real Gross Domestic Product for San Diego-Carlsbad, CA (MSA) (DISCONTINUED) [Dataset]. https://fred.stlouisfed.org/series/PCRGMP41740
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Sep 18, 2018
    License

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

    Area covered
    San Diego County, California, Carlsbad
    Description

    Graph and download economic data for Total Per Capita Real Gross Domestic Product for San Diego-Carlsbad, CA (MSA) (DISCONTINUED) (PCRGMP41740) from 2001 to 2017 about San Diego, per capita, CA, real, industry, GDP, and USA.

  20. C

    China Gross Domestic Product: per Capita: Shanxi

    • ceicdata.com
    Updated Feb 15, 2025
    + more versions
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    China Gross Domestic Product: per Capita: Shanxi [Dataset]. https://www.ceicdata.com/en/china/gross-domestic-product-per-capita/gross-domestic-product-per-capita-shanxi
    Explore at:
    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, 2012 - Dec 1, 2023
    Area covered
    China
    Variables measured
    Gross Domestic Product
    Description

    Gross Domestic Product (GDP): per Capita: Shanxi data was reported at 73,984.000 RMB in 2023. This records an increase from the previous number of 73,506.000 RMB for 2022. Gross Domestic Product (GDP): per Capita: Shanxi data is updated yearly, averaging 1,065.000 RMB from Dec 1952 (Median) to 2023, with 72 observations. The data reached an all-time high of 73,984.000 RMB in 2023 and a record low of 116.000 RMB in 1952. Gross Domestic Product (GDP): per Capita: Shanxi data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product per Capita.

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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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