As it show the income of each person of a country by taking the national income into consideration
higher than the national per capita income
economic development is important for growth in national and per capita income along with increase in social welfare,moral values etc.
for economic development
Per capita income is used by world bank to measure development
The percapita income is the income earned per person by the state or country.It is calculated by dividing the total national income by the population of the state.
National income- total income of the country Per capita income- average income of the country
higher than the national per capita income
economic development is important for growth in national and per capita income along with increase in social welfare,moral values etc.
According to the World Development Indicators published by the World Bank, the Gross National Income of Colombia was $142 billion in 2006, or $3,120 per capita.
Gross national product (GNP) per capita is obtained by dividing a country's GNP by its total population. This gives an average figure of economic output per person in the country.
Gross Domestic Product (GDP) per capita is often considered the most important measure of development as it reflects the average income level of a country's population. However, it is important to consider other indicators such as Human Development Index (HDI) which includes factors like education and health in addition to income.
for economic development
The (PPP) per capita GDP of Germany is $34,212.
Per capita income is used by world bank to measure development
The (PPP) per capita GDP of Germany is $34,212.
The percapita income is the income earned per person by the state or country.It is calculated by dividing the total national income by the population of the state.
this country has remained a middle income nation