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

    • statista.com
    • ai-chatbox.pro
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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.

  3. T

    GDP PER CAPITA PPP by Country in AMERICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 27, 2017
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    TRADING ECONOMICS (2017). GDP PER CAPITA PPP by Country in AMERICA [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita-ppp?continent=america
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    xml, csv, excel, jsonAvailable download formats
    Dataset updated
    May 27, 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
    United States
    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. Gross domestic product (GDP) per capita in the United States 2030

    • statista.com
    • ai-chatbox.pro
    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 .

  5. F

    Per Capita Personal Income in Loudoun County, VA

    • fred.stlouisfed.org
    json
    Updated Mar 4, 2025
    + more versions
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    (2025). Per Capita Personal Income in Loudoun County, VA [Dataset]. https://fred.stlouisfed.org/series/PCPI51107
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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
    Loudoun County, Virginia
    Description

    Graph and download economic data for Per Capita Personal Income in Loudoun County, VA (PCPI51107) from 1969 to 2023 about Loudoun County, VA; Washington; VA; personal income; per capita; personal; income; and USA.

  6. G

    GDP per capita, constant dollars in South America | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Sep 20, 2019
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    Globalen LLC (2019). GDP per capita, constant dollars in South America | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/GDP_per_capita_constant_dollars/South-America/
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    csv, excel, xmlAvailable download formats
    Dataset updated
    Sep 20, 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, 1960 - Dec 31, 2023
    Area covered
    South America, World
    Description

    The average for 2023 based on 11 countries was 10329.52 U.S. dollars. The highest value was in Guyana: 23325.12 U.S. dollars and the lowest value was in Bolivia: 3168.73 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

  7. M

    World GDP Per Capita

    • macrotrends.net
    csv
    Updated Jun 30, 2025
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    MACROTRENDS (2025). World GDP Per Capita [Dataset]. https://www.macrotrends.net/global-metrics/countries/WLD/world/gdp-per-capita
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    csvAvailable download formats
    Dataset updated
    Jun 30, 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
    Jan 1, 1960 - Dec 31, 2023
    Area covered
    World, World
    Description

    Historical chart and dataset showing World GDP per capita by year from 1960 to 2023.

  8. G

    GDP per capita, PPP in North America | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Feb 26, 2019
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    Globalen LLC (2019). GDP per capita, PPP in North America | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_ppp/North-America/
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    csv, excel, xmlAvailable download formats
    Dataset updated
    Feb 26, 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, 2023
    Area covered
    World
    Description

    The average for 2023 based on 24 countries was 28009 U.S. dollars. The highest value was in Bermuda: 98042 U.S. dollars and the lowest value was in Haiti: 2956 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

  9. F

    Per Capita Personal Income in Forsyth County, GA

    • fred.stlouisfed.org
    json
    Updated Mar 4, 2025
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    (2025). Per Capita Personal Income in Forsyth County, GA [Dataset]. https://fred.stlouisfed.org/series/PCPI13117
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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
    Georgia, Forsyth County
    Description

    Graph and download economic data for Per Capita Personal Income in Forsyth County, GA (PCPI13117) from 1969 to 2023 about Forsyth County, GA; Atlanta; GA; personal income; per capita; personal; income; and USA.

  10. GDP per capita (current US$)

    • kaggle.com
    Updated Jun 8, 2023
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    Bhanupratap Biswas☑️ (2023). GDP per capita (current US$) [Dataset]. http://doi.org/10.34740/kaggle/dsv/5874119
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    CroissantCroissant is a format for machine-learning datasets. Learn more about this at mlcommons.org/croissant.
    Dataset updated
    Jun 8, 2023
    Dataset provided by
    Kaggle
    Authors
    Bhanupratap Biswas☑️
    Area covered
    United States
    Description

    GDP per capita (current US$) is an economic indicator that measures the average economic output per person in a country. It is calculated by dividing the total Gross Domestic Product (GDP) of a country by its population, both measured in current US dollars. GDP per capita provides a useful metric for comparing the economic well-being and living standards between different countries.

    There are various sources where you can find GDP per capita data, including international organizations, government agencies, and financial institutions. Some prominent sources for GDP per capita data include:

    1. World Bank: The World Bank provides comprehensive data on GDP per capita for countries around the world. They maintain the World Development Indicators (WDI) database, which includes GDP per capita figures for different years.

    2. International Monetary Fund (IMF): The IMF also offers GDP per capita data through their World Economic Outlook (WEO) database. It provides economic indicators and forecasts, including GDP per capita figures for various countries.

    3. National Statistical Agencies: Many countries have their own national statistical agencies that publish GDP per capita data. These agencies collect and analyze economic data, including GDP and population figures, to calculate GDP per capita.

    4. Central Banks: In some cases, central banks may also provide GDP per capita data for their respective countries. They often publish economic indicators and reports that include GDP per capita figures.

    When using GDP per capita data, it's important to note that it represents an average measure and does not necessarily reflect the distribution of wealth within a country. Additionally, GDP per capita figures are often adjusted for inflation to provide real GDP per capita, which accounts for changes in the purchasing power of money over time.

    To access the most up-to-date and accurate GDP per capita data, it is recommended to refer to reputable sources mentioned above or consult the official websites of international organizations, government agencies, or central banks that specialize in economic data and analysis.

  11. G

    GDP per capita, PPP in | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Mar 12, 2019
    + more versions
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    Globalen LLC (2019). GDP per capita, PPP in | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/GDP_per_capita_PPP/1000/
    Explore at:
    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, 2023
    Area covered
    World
    Description

    The average for 2023 based on 183 countries was 26826 U.S. dollars. The highest value was in Luxembourg: 130491 U.S. dollars and the lowest value was in Burundi: 829 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

  12. G

    GDP per capita, constant dollars in Latin America | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Feb 3, 2021
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    Globalen LLC (2021). GDP per capita, constant dollars in Latin America | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_constant_dollars/Latin-Am/
    Explore at:
    excel, csv, xmlAvailable download formats
    Dataset updated
    Feb 3, 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, 1960 - Dec 31, 2023
    Area covered
    World, Latin America
    Description

    The average for 2023 based on 19 countries was 9351.03 U.S. dollars. The highest value was in Puerto Rico: 30122.84 U.S. dollars and the lowest value was in Haiti: 1210.03 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

  13. Countries with the lowest estimated GDP per capita 2024

    • statista.com
    • ai-chatbox.pro
    Updated May 28, 2025
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    Statista (2025). Countries with the lowest estimated GDP per capita 2024 [Dataset]. https://www.statista.com/statistics/256547/the-20-countries-with-the-lowest-gdp-per-capita/
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    Dataset updated
    May 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    Worldwide
    Description

    19 of the 20 countries with the lowest estimated GDP per capita in the world in 2024 are located in Sub-Saharan Africa. South Sudan is believed to have a GDP per capita of just 351.02 U.S. dollars - for reference, Luxembourg has the highest GDP per capita in the world, at almost 130,000 U.S. dollars, which is around 400 times larger than that of Burundi (U.S. GDP per capita is over 250 times higher than Burundi's). Poverty in Sub-Saharan Africa Many parts of Sub-Saharan Africa have been among the most impoverished in the world for over a century, due to lacking nutritional and sanitation infrastructures, persistent conflict, and political instability. These issues are also being exacerbated by climate change, where African nations are some of the most vulnerable in the world, as well as the population boom that will place over the 21st century. Of course, the entire population of Sub-Saharan Africa does not live in poverty, and countries in the southern part of the continent, as well as oil-producing states around the Gulf of Guinea, do have some pockets of significant wealth (especially in urban areas). However, while GDP per capita may be higher in these countries, wealth distribution is often very skewed, and GDP per capita figures are not representative of average living standards across the population. Outside of Africa Yemen is the only country outside of Africa to feature on the list, due to decades of civil war and instability. Yemen lags very far behind some of its neighboring Arab states, some of whom rank among the richest in the world due to their much larger energy sectors. Additionally, the IMF does not make estimates for Afghanistan, which would also likely feature on this list.

  14. F

    Per Capita Personal Income in Palm Beach County, FL

    • fred.stlouisfed.org
    json
    Updated Mar 4, 2025
    + more versions
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    Per Capita Personal Income in Palm Beach County, FL [Dataset]. https://fred.stlouisfed.org/series/PCPI12099
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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
    Palm Beach County, Florida
    Description

    Graph and download economic data for Per Capita Personal Income in Palm Beach County, FL (PCPI12099) from 1969 to 2023 about Palm Beach County, FL; Miami; personal income; per capita; FL; personal; income; and USA.

  15. T

    United States - Constant GDP per capita for Lower Middle Income Countries

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Mar 8, 2020
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    TRADING ECONOMICS (2020). United States - Constant GDP per capita for Lower Middle Income Countries [Dataset]. https://tradingeconomics.com/united-states/constant-gdp-per-capita-for-lower-middle-income-countries-fed-data.html
    Explore at:
    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Mar 8, 2020
    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

    United States - Constant GDP per capita for Lower Middle Income Countries was 2322.16569 2010 U.S. $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Constant GDP per capita for Lower Middle Income Countries reached a record high of 2364.56769 in January of 2019 and a record low of 613.26685 in January of 1960. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Constant GDP per capita for Lower Middle Income Countries - last updated from the United States Federal Reserve on June of 2025.

  16. G

    GDP per capita, PPP in Upper middle income countries (World Bank...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jan 29, 2021
    + more versions
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    Globalen LLC (2021). GDP per capita, PPP in Upper middle income countries (World Bank classification) | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_ppp/WB-high-mid/
    Explore at:
    excel, xml, csvAvailable download formats
    Dataset updated
    Jan 29, 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, 2023
    Area covered
    World
    Description

    The average for 2023 based on 49 countries was 20224 U.S. dollars. The highest value was in Guyana: 49315 U.S. dollars and the lowest value was in Tuvalu: 5812 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

  17. T

    United States - Constant GDP per capita for Low Income Countries

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jul 20, 2019
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    TRADING ECONOMICS (2019). United States - Constant GDP per capita for Low Income Countries [Dataset]. https://tradingeconomics.com/united-states/constant-gdp-per-capita-for-low-income-countries-fed-data.html
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    csv, excel, xml, jsonAvailable download formats
    Dataset updated
    Jul 20, 2019
    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

    United States - Constant GDP per capita for Low Income Countries was 699.36686 2010 U.S. $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Constant GDP per capita for Low Income Countries reached a record high of 755.19103 in January of 2019 and a record low of 491.30704 in January of 1994. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Constant GDP per capita for Low Income Countries - last updated from the United States Federal Reserve on June of 2025.

  18. T

    United States - Constant GDP per capita for High Income Countries

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Feb 25, 2020
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    TRADING ECONOMICS (2020). United States - Constant GDP per capita for High Income Countries [Dataset]. https://tradingeconomics.com/united-states/constant-gdp-per-capita-for-high-income-countries-fed-data.html
    Explore at:
    xml, csv, excel, jsonAvailable download formats
    Dataset updated
    Feb 25, 2020
    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

    United States - Constant GDP per capita for High Income Countries was 41278.29129 2010 U.S. $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Constant GDP per capita for High Income Countries reached a record high of 43000.66026 in January of 2019 and a record low of 11518.09557 in January of 1960. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Constant GDP per capita for High Income Countries - last updated from the United States Federal Reserve on June of 2025.

  19. Latin America & Caribbean: GDP per capita 2023, by country

    • statista.com
    Updated Sep 18, 2024
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    Statista (2024). Latin America & Caribbean: GDP per capita 2023, by country [Dataset]. https://www.statista.com/statistics/802613/gross-domestic-product-gdp-per-capita-latin-america-caribbean/
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    Dataset updated
    Sep 18, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    Americas, Caribbean, Latin America, LAC
    Description

    In 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean. The average GDP generated per person in the Bahamas amounted to 34,749 U.S. dollars, whereas the average wealth created per capita in Puerto Rico was estimated at around 34,749 U.S. dollars. In that same year, this region's lowest GDP per capita was that of Haiti, at less than 1,693 U.S. dollars per person per year. The largest economies in Latin America GDP is the total value of all goods and services produced in a country in a year. It is an important indicator to measure the economic strength of a country and the average wealth of its population. By far, the two largest economies in the region are Brazil and Mexico, both registering GDPs three times bigger than the third place, Argentina. Nonetheless, they are the two most populated countries by a great margin.
    Key economic indicators of Latin America Latin America emerges as an important region in the world economy, as of 2023, around 7.3 percent of the global GDP, a similar share to the Middle East. Nevertheless, the economic development of most of its countries has been heavily affected by other factors, such as corruption, inequality, inflation, or crime and violence. Countries such as Venezuela, Suriname, and Argentina are constantly ranking among the highest inflation rates in the world. While Jamaica, Ecuador, and Haiti rank as some of the most crime-ridden states.

  20. F

    Per Capita Personal Income in Los Angeles County, CA

    • fred.stlouisfed.org
    json
    Updated Mar 4, 2025
    + more versions
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    (2025). Per Capita Personal Income in Los Angeles County, CA [Dataset]. https://fred.stlouisfed.org/series/PCPI06037
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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
    Los Angeles County, California
    Description

    Graph and download economic data for Per Capita Personal Income in Los Angeles County, CA (PCPI06037) from 1969 to 2023 about Los Angeles County, CA; Los Angeles; personal income; per capita; CA; personal; income; and USA.

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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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16 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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