The GDP per capita is the total gross domestic product generated in a country, divided between its total number of inhabitants.
A country's Gross Domestic Product (GDP) is defined as the total amount of final goods and services produced in a country during a specific period of time, generally one year.
<u>If the GDP per capita grows, it means that total output GDP figures are increasing more rapidly than the total population. </u>
When the GDP per capita of a country is increasing, the most likely conclusion is that output is increasing as well. The GDP, or Gross Domestic Product, is the value of all finished goods and services that were made within a country during a specific period. The GDP is often used to estimate various characteristics of a country, such as the size of its economy and its growth rate.
