TRUMP SEASON 2 USA 🇺🇸 PRESIDENTIAL

• Moreover, a country with a higher GDP value may have a lower GDP per capita value if that country has a large population.

Difference Between GDP and GDP Per Capita

Definition

GDP is the total value of goods and services produced in a country annually, whereas GDP per capita is a measure of the country’s economic output per person.

Use

GDP measures the total economic activity of the country, while GDP per capita provides an indication of the prosperity of the country.

Calculation

There are three methods to calculate GDP: using production, expenditures, or incomes. In contrast, dividing the GDP of a country by its population results in GDP per capita value

Conclusion

Both GDP and GDP per capita are two important economic measures. The main difference between GDP and GDP per capita is that GDP is the total value of goods and services a country produces annually whereas GDP per capita is a measure of the country’s economic output per person.

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