Usually the more oil wealth per capita the higher the GDP per capita is.
GDP per Capita (US$) 20,237
The GDP per capita is used to measure a country's standard of living. It is calculated by dividing the country's GDP by its population, which better allows comparison of GDP between countries.
The per capita GDP of Haiti is $1,317.
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if GDP grows faster than the population of a country, the per capita GDP will rise
GDP per Capita (US$) 20,237
GDP of Yemen, 2007 estimates. $52.61 billion total. $2,400 Per Capita.
Here is a list of the richest countries Luxembourg (GDP per capita: $119,719) Norway (GDP per capita: $86,362) Switzerland (GDP per capita: $83,832) Ireland (GDP per capita: $81,477) Iceland (GDP per capita: $78,181) Qatar (GDP per capita: $65,062) The United States of America (GDP per capita: $64,906) Denmark (GDP per capita: $63,434) Singapore (GDP per capita: $62,690) Australia (GDP per capita: $58,824) so I know the USA is the richest country but this is the richest countries by GDP.
The GDP per capita is used to measure a country's standard of living. It is calculated by dividing the country's GDP by its population, which better allows comparison of GDP between countries.
The per capita GDP of Haiti is $1,317.
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Per capita GDP isn't the best reflection on people's wealth because it doesn't tell you how they distribute their wealth. Also, people's debt levels vary from people to people. Therefore, it's difficult to predict how well or how bad people are doing financially.
if GDP grows faster than the population of a country, the per capita GDP will rise
Real GDP/Capita
Pakistan's GDP per capita is US$ 1,201.
In 2004, the GDP per capita in England was 26904 Euros
To calculate the GDP per capita growth rate, you can use the formula: GDP per capita growth rate ((GDP per capita in current year - GDP per capita in previous year) / GDP per capita in previous year) x 100 This formula helps measure the percentage change in GDP per capita over a specific period, indicating the rate of economic growth on a per person basis.