How do you calculate per capita GDP?

To calculate the Per Capita GDP for each country, we divide the GDP by the population. So for Country A, the Per Capita GDP would be $1 trillion divided by 10 million, which equals $100,000. For Country B, the Per Capita GDP would be $500 billion divided by 5 million, which equals $100,000 as well.

How do you compare GDP per capita between countries?

If you want to compare GDP per capita between countries, you have to use a metric called purchase power parity. It creates parity between economies by comparing a basket of similar goods. It's a complicated formula that values a country's currency by what it can buy in that country, not just by its value as measured by currency exchange rates.

Which countries have a higher GDP per capita?

Countries with a higher GDP per capita tend to be those that are industrial and developed and have smaller populations compared to others. Gross domestic product per capita is a country's economic output per person. It's calculated by dividing the GDP of a country by its population.