PCIPCI

MEANING :MEANING :

Per capita incomePer capita income or income per person is a measure or income per person is a measure of of mean income within an economic aggregate, such as income within an economic aggregate, such as a country or city. It is calculated by taking a measure of a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or all sources of income in the aggregate (such as GDP or Gross National Income) and dividing it by the total Gross National Income) and dividing it by the total population. It does not attempt to reflect the distribution population. It does not attempt to reflect the distribution of income or wealth of income or wealth ING:ING:

Per capita income as a measure of Per capita income as a measure of prosperityprosperity

Per capita income is often used as a measure of the Per capita income is often used as a measure of the wealth of the population of a nation, particularly in wealth of the population of a nation, particularly in comparison to other nations. It is usually expressed in comparison to other nations. It is usually expressed in terms of a commonly used international currency such terms of a commonly used international currency such as the Euro or United States dollar, and is useful as the Euro or United States dollar, and is useful because it is widely known, easily calculated from because it is widely known, easily calculated from readily-available GDP and population estimates, and readily-available GDP and population estimates, and produces a straightforward statistic for comparison.produces a straightforward statistic for comparison.

Definition of 'Per Capita GDP Definition of 'Per Capita GDP ''

A measure of the total output of a country that takes the A measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the gross domestic product (GDP) and divides it by the number of people in the country. The per capita GDP is number of people in the country. The per capita GDP is especially useful when comparing one country to another especially useful when comparing one country to another because it shows the relative performance of the because it shows the relative performance of the countries. A rise in per capita GDP signals growth in countries. A rise in per capita GDP signals growth in the economy and tends to translate as an increase in the economy and tends to translate as an increase in productivity. productivity.

INDIA GDP PER CAPITAINDIA GDP PER CAPITA

The GDP dollar estimates given on this chart are The GDP dollar estimates given on this chart are adjusted for inflation. The term Constant Prices refers to adjusted for inflation. The term Constant Prices refers to a metric for valuing the price of something over time, a metric for valuing the price of something over time, without that metric changing due to inflation or deflation. without that metric changing due to inflation or deflation. The gross domestic product per capita is the value of all The gross domestic product per capita is the value of all final goods and services produced within a nation in a final goods and services produced within a nation in a given year divided by the average (or mid-year) given year divided by the average (or mid-year) population for the same year.population for the same year.

The sources are from wikipedia.The sources are from wikipedia.