GDP Per Capita
GDP divided by population; average income per person.
Formula
GDP Per Capita = GDP ÷ Population
Real World
Norway has a GDP per capita of around $100,000, making it one of the world's most attractive consumer markets for luxury goods brands like Louis Vuitton.
Exam Focus
Don't confuse high GDP with high GDP per capita — always state which measure you're using and why it matters.
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