Nominal GDP per capita = GDP / Population
List of countries by GDP (nominal) per capita
Nominal GDP per capita = GDP / Population
Nominal GDP per capita is a commonly used indicator that divides a country's total GDP by its population size. This measure provides an average economic output per person, which can be useful for comparing living standards across countries.
Example
If Country A has a GDP of $1 trillion and a population of 50 million, its nominal GDP per capita would be $20,000.
Understanding nominal GDP per capita helps in comparing economic performance and living standards between different countries, though it has limitations.
Related concepts
List of countries by GDP (PPP) per capita
GDP per capita (PPP) = $25,591 in 2026
Buffett indicator
Buffett indicator measures market cap to GDP ratio
Net present value
NPV = Sum of discounted cash flows - initial investment
Keynesian economics
$1 of government spending generates more than $1 of GDP
Purchasing power parity
PPP adjusts for different price levels across countries
Quantity theory of money
MV = PY equation
Educational content, not financial advice.
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