16 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/
    Explore at:
    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. F

    Gross Domestic Product

    • fred.stlouisfed.org
    • trends.sourcemedium.com
    json
    Updated Jul 30, 2025
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    (2025). Gross Domestic Product [Dataset]. https://fred.stlouisfed.org/series/GDP
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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

    View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.

  3. Gross domestic product - Regions

    • db.nomics.world
    Updated Jul 9, 2024
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    DBnomics (2024). Gross domestic product - Regions [Dataset]. https://db.nomics.world/OECD/DSD_REG_ECO@DF_GDP
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    Dataset updated
    Jul 9, 2024
    Authors
    DBnomics
    Description

    This dataset provides statistics on gross domestic product and gross domestic product per capita, for large regions (TL2) and small regions (TL3).

    Data source and definition

    Regional gross domestic product data is collected at current prices, in millions of national currency from Eurostat (reg_eco10) for EU countries and via delegates of the OECD Working Party on Territorial Indicators (WPTI), as well as from national statistical offices' websites. In order to allow comparability over time and across countries, data in current prices are transformed into constant prices and PPP measures (link). Regional GDP per capita is calculated by dividing the regional GDP by the average annual population of the region.

    Definition of regions

    Regions are subnational units below national boundaries. OECD countries have two regional levels: large regions (territorial level 2 or TL2) and small regions (territorial level 3 or TL3). The OECD regions are presented in the OECD Territorial grid (pdf) and in the OECD Territorial correspondence table (xlsx).

    Use of economic data on small regions

    When economic analyses are carried out at the TL3 level, it is advisable to aggregate data at the metropolitan region level when several TL3 regions are associated to the same metropolitan region. Metropolitan regions combine TL3 regions when 50% or more of the regional population live in a functionnal urban areas above 250 000 inhabitants. This approach corrects the distortions created by commuting, see the list of OECD metropolitan regions (xlsx) and the EU methodology (link).

    Small regions (TL3) are categorized based on shared characteristics into regional typologies. See the economic indicators aggregated by territorial typology at country level on the access to City typology (link) and by urban-rural typology (link).

    Cite this dataset

    OECD Regions and Cities databases http://oe.cd/geostats

    Further information

    Contact: RegionStat@oecd.org

  4. Distribution of gross domestic product (GDP) across economic sectors...

    • statista.com
    Updated Jun 5, 2025
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    Statista (2025). Distribution of gross domestic product (GDP) across economic sectors Cameroon 2023 [Dataset]. https://www.statista.com/statistics/446567/cameroon-gdp-distribution-across-economic-sectors/
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    Dataset updated
    Jun 5, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Cameroon
    Description

    This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Cameroon from 2013 to 2023. In 2023, agriculture contributed around 17.29 percent to the GDP of Cameroon, 25.53 percent came from the industry and 50.18 percent from the services sector.

  5. T

    United States GDP Annual Growth Rate

    • tradingeconomics.com
    • pt.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Dec 1, 2012
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    TRADING ECONOMICS (2012). United States GDP Annual Growth Rate [Dataset]. https://tradingeconomics.com/united-states/gdp-growth-annual
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    excel, csv, xml, jsonAvailable download formats
    Dataset updated
    Dec 1, 2012
    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
    Mar 31, 1948 - Jun 30, 2025
    Area covered
    United States
    Description

    The Gross Domestic Product (GDP) in the United States expanded 2 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  6. h

    Alibaba and China outlook

    • datahub.hku.hk
    txt
    Updated Jul 12, 2022
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    Pui Hei Un (2022). Alibaba and China outlook [Dataset]. http://doi.org/10.25442/hku.20277909.v1
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    txtAvailable download formats
    Dataset updated
    Jul 12, 2022
    Dataset provided by
    HKU Data Repository
    Authors
    Pui Hei Un
    License

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

    Area covered
    China
    Description

    China boasts the fastest growing GDP of all developed nations. Neighboring regions will have the largest middle class in history. China is building transport infrastructure to take advantage. Companies that capture market share in this region will be the largest and best performing over the next decade.

    Macro Tailwinds

    1) China GDP is the fastest growing of any major country with expected 5-6% over the next decade. If businesses (Alibaba, Tencent, etc..) maintain flat market share, that alone will drive 5-6% over the next decade. This is already higher than JP Morgans expectation (from their 13f filings) that the US market will perform between -5% and +5% over this coming decade.

    2) The Southeast Asia Region contains about 5 billion people. China is constructing the One Best One Road which will be completed by 2030. This will grant their businesses access to the fastest and largest growing middle class in human history. Over the next 10+ years this region will be home to the largest middle class in history, potentially over 10x that of North America and Europe, based on stock price in Google Sheets.

    Increasing average Chinese income.

    Chinese average income has more than doubled over the last decade. Having sustained the least economic damage from the virus, this trend is expected to continue. At this pace the average Chinese citizen salary will be at 50% of the average US by 2030 (with stock price in Excel provided by Finsheet via Finnhub Stock Api), with the difference being there are 4x more Chinese. Thus a market potential of almost 2x the US over the next decade.

    The Southeast Asia Region now contains the largest total number of billionaires, this number is expected to increase at an increasing rate as the region continues to develop. Over the next 10 years the largest trading route ever assembled will be completed, and China will be the primary provider of goods to 5b+ people

    2013 North America was home to the largest number of billionaires. This reversed with Asia over the following 5 years. This separation is expected to continue at an increasing rate. Why does this matter? Over the next 10 years the largest trading route ever assembled will be completed, and China will be the primary provider of goods to 5b+ people

    Companies that can easily access all customers in the world will perform best. This is good news for Apple, Microsoft, and Disney. Disney stock price in Excel right now is $70. But not for Amazon or Google which at first may sound contrary as the expectation is that Amazon "will take over the world". However one cannot do that without first conquering China. Firms like Alibaba and Tencent will have easy access to the global infrastructure being built by China in an attempt to speed up and ease trade in that region. The following guide shows how to get stock price in Excel.

    We will explore companies using a:

    1) Past

    2) Present (including financial statements)

    3) Future

    4) Story/Tailwind

    Method to find investing ideas in these regions. The tailwind is currently largest in the Asia region with 6%+ GDP growth according to the latest SEC form 4 from Edgar Company Search. This is relevant as investments in this region have a greater margin of safety; investing in a company that maintains flat market share should increase about 6% per year as the market growth size is so significant. The next article I will explore Alibaba (NYSE: BABA), and why I recently purchased a large position during the recent Ant Financial Crisis.

  7. F

    Real gross domestic product per capita

    • fred.stlouisfed.org
    json
    Updated Aug 28, 2025
    + more versions
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    (2025). Real gross domestic product per capita [Dataset]. https://fred.stlouisfed.org/series/A939RX0Q048SBEA
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Aug 28, 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.

  8. T

    United States Gross Federal Debt to GDP

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, United States Gross Federal Debt to GDP [Dataset]. https://tradingeconomics.com/united-states/government-debt-to-gdp
    Explore at:
    excel, json, xml, 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, 1940 - Dec 31, 2024
    Area covered
    United States
    Description

    The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  9. f

    Data Sheet 1_Understanding how population change is associated with...

    • frontiersin.figshare.com
    docx
    Updated Dec 11, 2024
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    Jasmina M. Buresch; Danielle Medgyesi; Jeremy R. Porter; Zachary M. Hirsch (2024). Data Sheet 1_Understanding how population change is associated with community sociodemographics and economic outcomes across the United States.docx [Dataset]. http://doi.org/10.3389/fhumd.2024.1465218.s001
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    docxAvailable download formats
    Dataset updated
    Dec 11, 2024
    Dataset provided by
    Frontiers
    Authors
    Jasmina M. Buresch; Danielle Medgyesi; Jeremy R. Porter; Zachary M. Hirsch
    License

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

    Area covered
    United States
    Description

    This study examines how population change is associated with changes in sociodemographics and economic outcomes across diverse geographic contexts in the United States from 2000 to 2020. Using Census Tract-level data and generalized additive models (GAMs), we found that communities experiencing population growth showed significant improvements in socioeconomic indicators: for example, a 50% population increase in Northeast metropolitan non-coastal areas was associated with a $10,062 rise [95% confidence interval (CI) = $9,181, $10,944] in median household income. Conversely, areas with population decline faced increasing challenges to community composition: communities experiencing a 50% population decline in West coastal metropolitan areas saw their median age increase by 2.556 years (95% CI = 2.23, 2.89 years), indicating an accelerated aging population. We observed a positive relationship between population growth and local economic growth, with areas experiencing population decline or slow growth showing below-average economic growth. While population change alone explained 10.1% of the variance in county-level GDP growth, incorporating sociodemographic shifts alongside population change using a partial least squares regression (PLSR) more than doubled the explanatory power to 21.4%. Overall, we often found the strength of relationships and sometimes the direction varied by geographic context: coastal areas showed distinct patterns from inland regions, and metropolitan areas responded differently than rural ones. For instance, the percentage of owner-occupied housing was negatively associated with population growth in metropolitan areas, but positively associated in non-metropolitan areas. Our research provides valuable insights for policymakers and planners working to address community changes, particularly in the context of anticipated climate-induced migration. The results suggest that strategies for maintaining economic vitality need to consider not just population retention, but also demographic profiles and socioeconomic opportunities across different geographic contexts.

  10. Nations with the largest share of GDP from direct travel and tourism 2019

    • statista.com
    Updated Jan 30, 2024
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    Statista (2024). Nations with the largest share of GDP from direct travel and tourism 2019 [Dataset]. https://www.statista.com/statistics/1100368/countries-highest-gdp-travel-tourism/
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    Dataset updated
    Jan 30, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    In 2019, Macau generated the highest share of GDP through direct travel and tourism of any other economy worldwide, with over half its GDP coming from this sector. Macau is a city and a special administrative region of the People's Republic of China - its economy is largely based on casino gaming and tourism. The nation with the second highest share of GDP generated by direct travel and tourism was the Maldives. The country began to develop its travel and tourism industry in 1970s and now over 30 percent of GDP is coming from this sector in 2019.

    What is GDP?

    GDP is the total value of all goods and services produced in a country in a year. It is considered an important indicator of the economic strength of a country and a positive change is an indicator of economic growth.

    What is direct contribution to GDP? The direct contribution of travel and tourism to GDP reflects the ‘internal’ spending on travel and tourism (total spending within a particular country on travel and tourism by residents and non-residents for business and leisure purposes) as well as government 'individual' spending - spending by government on travel and tourism services directly linked to visitors, such as cultural (e.g. museums) or recreational (e.g. national parks).

  11. F

    Dates of U.S. recessions as inferred by GDP-based recession indicator

    • fred.stlouisfed.org
    json
    Updated Jul 30, 2025
    + more versions
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    (2025). Dates of U.S. recessions as inferred by GDP-based recession indicator [Dataset]. https://fred.stlouisfed.org/series/JHDUSRGDPBR
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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 Dates of U.S. recessions as inferred by GDP-based recession indicator (JHDUSRGDPBR) from Q4 1967 to Q1 2025 about recession indicators, GDP, and USA.

  12. Saudi Oil and the Economy

    • hub.arcgis.com
    Updated Sep 24, 2013
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    Esri Inc. Office in Dubai (2013). Saudi Oil and the Economy [Dataset]. https://hub.arcgis.com/maps/5140a64c7f65478c880d2d011cfa317e
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    Dataset updated
    Sep 24, 2013
    Dataset provided by
    Esrihttp://esri.com/
    Authors
    Esri Inc. Office in Dubai
    Area covered
    Description

    The discovery of oil has had a huge impact on economics and politics within the Middle East, as well as the region’s relationship with the west and the way regional standards of living. Before the discovery of oil, fishing and pearling were the primary economic sectors of many Gulf States. After the discovery of oil and due to the immense value of oil, many Middle East countries made oil their economic focus, changing livelihood of their people in just a few decades. One example is Kuwait, whose economy focused mainly on fishing and pearling prior to the discovery of oil in 1934. Now, oil extraction and processing accounts for 50% of the country’s GDP, 90% of export earnings, and 75% of government revenues1. Typically, the more oil a country exports the less economically diverse it is. Booz & Company did a study to look at the economic diversity of the Gulf States, which are very oil-rich, in comparison to the rest of the world, and found that the economic diversity of the GCC (the countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) was much lower than that of European or other “western” states3. Since oil is a nonrenewable resource it will become important for these countries to diversify their economies and become independent of oil as reserve levels decline. Recently, attempts of economic diversification have been made in several oil diverse nations such as the aluminum smelting industry in Bahrain, Qatar, and the UAE, taken up as an attempt to diversify their economy6; however, the reason that the industry of aluminum smelting has grown in these counties is because aluminum smelting requires immense amounts of oil. Therefore, the economics of these counties is in reality not that diversified. The Export Diversity Index is defined as the number of prominent commodities a country exports. Goods made from the same derivative, such as crude oil and petroleum products, were categorized as belonging in the same industry for simplicity purposes. The data represented in the map was obtained from lists of each country's ten most lucrative exports, and the index ranges on a scale of 1 to 10 different exports4. We noticed that the countries with the greatest volume oil resources had the lowest score on the index because more goods they produced were related to the oil industry. The map of oil reserves gives a good visual representation of which Middle Eastern countries are the most oil-rich, and shows a high concentration of marks in the Gulf states, particularly the in the Persian Gulf where off-shore reserves are located. The countries with the lowest score on the index were Saudi Arabia (with a score of 2), Kuwait (4), Bahrain (2), and Qatar (2). It is interesting to note that although other countries may have high concentrations of certain resources within their borders it is only the oil-rich countries that have the lowest levels of export diversity. The only exceptions to this trend are countries with a government that has made particularly strong efforts to become less oil-reliant, such as the United Arab Emirates7. Although, we recognize that a country's economic diversity also accounts for its domestic economy, which generally relies heavily on the country's exports. Therefore this analysis concludes that the Export Diversity Index is an indicator of a country's economic index. The data we have compiled has implications for the future of many of the Gulf States, especially Saudi Arabia, as the international community attempts to wean itself off of fossil fuels.Amanda Doyle, March 2012WORKS CITED1.“Kuwait Economy”. Encycopedia of the Nations, Advameg, Inc. 2011. http://www.nationsencyclopedia.com/Asia-and-Oceania/Kuwait-ECONOMY.html.2.Burke, Edmund, and Yaghoubian, David N. Struggle and Survival in the Modern Middle East. 2nd ed. University of California Press: Berkley, CA, 2006.3.“Economic Diversification”. The Ideation Center. 2011. http://www.ideationcenter.com/home/ideation_article/economic_diversification.4."UN Data: Country Profile”. UN Division of Statistics, United Nations. 2011. http://data.un.org/CountryProfile.aspx5."USGS identifies potential giant oil and gas fields in Israel/Palestine”. EnerGeoPolitics. 2010. http://energeopolitics.com/2010/04/09/usgs-identifies-potential-giant-oil-and-gas-fields-in-israelpalestine/6. "A Summary of Existing and New-Buuild Smelters in the Middle East". Aluminium International Today. January /February 2009. http://www.improvingperformance.com/papers/Primary%20Article%20AIT.pdf.7. "UAE to Diversify Economy - To Reduce Dependence on Oil and Natural Gas Revenues". Oil Gas Articles. 2011. http://www.oilgasarticles.com/articles/416/2/UAE-to-Diversify-Economy---To-Reduce-Dependence-on-oil-and-Natural-Gas-Revenues/Page2.html?PHPSESSID=e10561d4a9d2cf87f64fbdeb2e00f65d.

  13. U.S. real GDP growth rate 1990-2024

    • statista.com
    Updated Jul 31, 2025
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    Statista (2025). U.S. real GDP growth rate 1990-2024 [Dataset]. https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/
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    Dataset updated
    Jul 31, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2024 the real gross domestic product (GDP) of the United States increased by 2.8 percent compared to 2023.
    What does GDP growth mean? Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022. Countries with highest GDP growth rate Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.

  14. T

    India GDP per capita

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +12more
    csv, excel, json, xml
    Updated Jun 15, 2025
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    TRADING ECONOMICS (2025). India GDP per capita [Dataset]. https://tradingeconomics.com/india/gdp-per-capita
    Explore at:
    excel, json, xml, 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, 1960 - Dec 31, 2024
    Area covered
    India
    Description

    The Gross Domestic Product per capita in India was last recorded at 2396.71 US dollars in 2024. The GDP per Capita in India is equivalent to 19 percent of the world's average. This dataset provides - India GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  15. BRICS+ and G7 countries' share of the world's GDP in PPP 2000-2024

    • statista.com
    Updated May 30, 2025
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    Statista (2025). BRICS+ and G7 countries' share of the world's GDP in PPP 2000-2024 [Dataset]. https://www.statista.com/statistics/1412425/gdp-ppp-share-world-gdp-g7-brics/
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    Dataset updated
    May 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    World
    Description

    The BRICS countries overtook the G7 countries share of the world's total gross domestic product (GDP) in terms of purchasing power parity (PPP) in 2018. By 2024, the difference had increased even further, the BRICS now holding a total 35 percent of the world's GDP compared to 30 percent held by the G7 countries.

  16. F

    Share of Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles)

    • fred.stlouisfed.org
    json
    Updated Jun 20, 2025
    + more versions
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    (2025). Share of Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles) [Dataset]. https://fred.stlouisfed.org/series/WFRBST01134
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jun 20, 2025
    License

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

    Description

    Graph and download economic data for Share of Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01134) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

  17. Not seeing a result you expected?
    Learn how you can add new datasets to our index.

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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

Explore at:
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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