Nominal GDP per capita = GDP / Population
List of countries by GDP (nominal) per capita
Nominal GDP per capita = GDP / Population
Nominal GDP per capita is a commonly used indicator that divides a country's total GDP by its population size. This measure provides an average economic output per person, which can be useful for comparing living standards across countries.
Example
If Country A has a GDP of $1 trillion and a population of 50 million, its nominal GDP per capita would be $20,000.
Remember this
Understanding nominal GDP per capita helps in comparing economic performance and living standards between different countries, though it has limitations.
Text adapted from Wikipedia, licensed under CC BY-SA 4.0.
Related concepts
List of countries by GDP (PPP) per capita
GDP per capita (PPP) = $25,591 in 2026
Buffett indicator
Buffett indicator measures market cap to GDP ratio
Economic growth
How does more money, people, and machines affect a country's wealth?
Keynesian economics
$1 of government spending generates more than $1 of GDP
Purchasing power parity
PPP adjusts for different price levels across countries
Quantity theory of money
MV = PY equation
Educational content, not financial advice.
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