What is per capita income?
it is when the total national is divided by the population
it is number of incom whitch is divided equally among all
When the total national income is divided by the total population, it is called per capita income.It is the average income of an average person in that country.
It doesn't mean that every person is earning 5000$ in that country. But on an average, the income of a person in that country is 5000$.
Country with high per capita income is said to be developed.for example U.S.A.
Luxembourg has the highest per capita income. However, this is because a lot of people who work in Luxembourg do not live in it. Instead, they live in surrounding countries. If you looking at per capita income notwithstanding the above fact, then Norway is the highest per capita income in the world.