GDP per capita Worldwide Mapped
Gross Domestic Product (GDP) per capita is a vital economic metric that provides insights into the standard of living and overall economic well-being of a country’s residents. It represents the average income earned by each individual in a nation when the total economic output is divided by the population.
GDP per capita is not just an economic statistic; it reflects broader social and quality-of-life aspects. Higher GDP per capita often correlates with better access to healthcare, education, infrastructure, and a higher standard of living. However, it doesn’t account for income inequality within a country, so a high GDP per capita doesn’t necessarily mean everyone in the country enjoys a high income.
Comparing GDP per capita between countries can be particularly informative. It helps identify disparities in wealth and development, showcasing the contrast between affluent and less affluent nations. When used in conjunction with other metrics, such as the Human Development Index (HDI), it provides a more comprehensive view of a country’s overall well-being, including education, health, and income.
Furthermore, GDP per capita can be influenced by various factors, including economic policies, resource endowments, political stability, and technological advancement. It is often used as a basis for making international economic and development comparisons, as well as setting priorities for governments and international organizations to address economic disparities and promote sustainable growth.
Using World Bank data, I created maps showing the GDP per capita by decade.
