Definition
- Real GDP per capita
- Real GDP per capita is real GDP divided by the population, so it measures output per person rather than the size of the whole economy.
Example
Can you think of an example of real GDP per capita?
Real GDP of £2,600 billion shared among 68 million people is about £38,200 each. A country with twice the GDP and three times the people is poorer per head.
Test yourself
Can you name the six indicators most often used to judge how the UK economy is doing?