GDP Per Capita Calculator Enter the total GDP (US $) and the total population of any country into the calculator.

It includes all private and government consumption, government spending, investments and exports less imports. The calculator will evaluate and display the GDP per capita. IMF – Real GDP Growth-The IMF’s statistics on GDP growth by country. The equation for GDP is: where C is equal to consumption, G is equal to government spending, I is the business spending on capital (investments), and NX equals export - imports.

Click on the most recent report and go to the first paragraph, which always provides the new GDP number as well as commentary on the direction of the number (contraction or growth). Calculate the GDP per capita for the country during the year 2018. Let us take the example of a country with a real GDP of $10 trillion during 2018 and a population of 250 million as on December 31, 2018. Let us try to calculate the GDP per capita using the nominal GDP formula. The population of the country MNS is 100 million. The University of Minnesota – Principles of Macroeconomics – Growth of Real GDP and Business Cycles – An overview of GDP growth and how it relates to the business cycle. To calculate GDP per capita, divide the nation's gross domestic product by its population. Determine the most recent United States population figure, which is calculated by the U.S. Census Bureau. “Nominal” means GDP per capita is measured in current dollars.

The Census Bureau estimated the population was 319 million, so you have $16.768 trillion divided by 319 million, or a per capita GDP of $52,564. The formula for calculating real GDP per capita is used for determining a country’s total economic output per person, and can easily be calculated by dividing the real GDP of a country by its population. Country MNS has a nominal GDP of $450 billion and the deflator rate is 25%. GDP is typically figured for periods such as one year or one quarter. GDP Per Capita = $40,000 Therefore, the GDP per capita for the co…

GDP is reported on a quarterly basis.

  If you’re looking at just one point in time in one country, then you can use regular “nominal” GDP divided by the current population. One commonly cited measure is GDP is GDP per capita. Bryant has a Master of Business Administration with a concentration in finance from Florida A&M University. Commonly used as a measure of economic health, gross domestic product (GDP) is an economic term that is used to provide a monetary value to all the finished goods and services produced in a country over a certain period of time. Here are two ways you can calculate real GDP per capita: The equation for GDP is: GDP = C + G + I + NX where C is equal to consumption, G is equal to government spending, I is the business spending on capital (investments), and NX equals export - imports. For example, the GDP for the United States in 2014 was $16.768 trillion. Therefore, the calculation will be as follows, 1. But although simple, the formula might depend on the information you have available. How to Calculate GDP Per Capita .

The best way to calculate real GDP per capita for the United States is to use the real GDP …

GDP Per Capita = $10 trillion / 250 million 2. Solution We are given all the desired inputs to calculate Real GDP per capita. Go to the Bureau of Economic Analysis (BEA) for the most recent GDP number. The formula is GDP divided by population. Solution: GDP Per Capita of the country is calculated using the formula given below GDP Per Capita = Real GDP / Population 1. = ($450,000,000,000 / (1 + 25%)/100,000,000

Divide the GDP number by the number of people in the United States for GDP per capita. One commonly cited measure is GDP is GDP per capita. Working as a full-time freelance writer/editor for the past two years, Bradley James Bryant has over 1500 publications on eHow, LIVESTRONG.com and other sites.

 

Example of GDP Per Capita. For instance, if GDP for a nation is $100 and that nation has a population of 20, then the nation's GDP is $100 / 20 or $5. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. She has worked for JPMorganChase, SunTrust Investment Bank, Intel Corporation and Harvard University. A country has a nominal GDP of $5 trillion and a population of around 300 million, as of December 2018. You are required to calculate real GDP per capita.

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