In high income countries, people need to spend more just to live. In some countries, people can live on a few hundred pounds/dollars/euros a year.
National income- total income of the country Per capita income- average income of the country
per capita income is the income of every working individual of a country per capita income is the income of every working individual of a country
Average per capita income is income per head of a country i.e. real GDP/Population .
United States
Algeria Is still a developing country....so its not rich that much
The United States of America
Sweden
Sri Lanka
this country has remained a middle income nation
it is when the total national is divided by the populationit is number of incom whitch is divided equally among allWhen 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.For example:Let a country's average income be 5000$It doesn't mean that every person is earning 5000$ 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.
The richest country is Qatar in Gross Domestic Product per capita income GDP per Capita Source: CIA
Per capita income is the income a person living in a country would hypothetically make if all the country's wealth was divided equally among each individual. This value is determined by taking the total personal income of the population (determined by census and estimation) and dividing by the total population.