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The per capita income for a group of people may be defined as their total personal income, divided by the total population. Per capita income is usually reported in units of currency per year.
Per capita income as a measure of wealth Per capita income is often used as a measure of the wealth of the population of a nation, particularly in comparison to other nations. It is usually expressed in terms of a commonly-used international currency such as the Euro or United States dollar, and is useful because it is widely known and produces a straightforward statistic for comparison. Particularly when comparing countries with substantially different levels of wealth, however, it has several weaknesses as a measurement. Some national per capita income levels Data on Per capita income based on a country's total personal income is very difficult to find. Much more commonly used due to its availability is the Gross domestic product (GDP). Total personal income is lower than the Gross domestic income. A list of the top ten countries, and the lowest-ranking country, by GDP per capita (in terms of Purchasing Power Parity, or PPP): Sources: International Monetary Fund, World Economic Outlook Database, April 2006 * A complete list of countries by GDP (PPP) per capita See also | ||||||||
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