GDP per capita is the sum of gross value added by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output, divided by mid-year population.
Long definition
GDP per capita is the sum of gross value added by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output, divided by mid-year population. Growth is calculated from constant price GDP data in local currency. Sustained economic growth increases average incomes and is strongly linked to poverty reduction. GDP per capita provides a basic measure of the value of output per person, which is an indirect indicator of per capita income. Growth in GDP and GDP per capita are considered broad measures of economic growth.
Source
World Development Indicator (WDI) databank. Original source: World Bank national accounts data, and OECD National Accounts data files
Topic
Statistical Capacity Indicator (SCI)
Statistical concept and methodology
Scores are 1, 2/3, and 1/3 if this indicator is either observed annually, at least 6 times, or once within the 10 year reference period, respectively. For assessment look at 10 year interval starting the year before current.
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