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.
Countries can be ranked using various indicators such as gross domestic product (GDP) per capita, human development index (HDI), life expectancy, education levels, and income inequality. These indicators can provide insights into a country's overall level of economic, social, and human development. However, it is important to consider multiple indicators to get a comprehensive understanding of a country's development.
LICs stands for Low-Income Countries, which are nations with a low gross national income per capita. HICs stands for High-Income Countries, which are countries with a high gross national income per capita. These categorizations are based on a country's economic development and income levels.
The (PPP) per capita GDP of Germany is $34,212.
Indicators of development can include GDP per capita, life expectancy, literacy rates, access to healthcare and education, infrastructure development, and poverty rates. These indicators are used to assess the overall well-being and progress of a country in terms of economic, social, and human development.
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