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Kimberly Amadeo has 20 years of experience in economic analysis and business strategy. Michael Boyle is an experienced financial professional with 9+ years working with Financial Planning, Derivatives, Equities, Fixed Income, Project Management, and Analytics.Per Capita: What It Means, Calculation, How to Use ItWhere's the Best Standard of Living? If you want to compare GDP per capita between countries, you must use When talking about China, the most populous country on earth, it produced a GDP of $27.31 trillion (factoring in purchasing power parity) in 2019. Latest News: Growth in GDP per capita productivity and ULC. GDP per capita levels - most recent year. Saturday, 01 August, 2020 It's a measure of economic activity. 203% of the European average, the Brussels-Capital Region is second only to Luxembourg (263% of the EU average) and the Southern (225%) and Eastern and Central (210%) regions of Ireland.GDP per capita is a measure of a country’s – or in this case region’s – economic output that accounts for its number of people, dividing the country’s gross domestic product by its total population.The strong performance of the Brussels-Capital can be explained in particular by the flow of people commuting, which tends to increase GDP per capita in the regions where these commuters work, and to decrease it where they live.The regions at the bottom of the ranking include the French overseas region of Mayotte (30% of the EU average), as well as three Bulgarian regions: North-West (34%), North-Central (35%) and South-Central (36%).“For Mayotte, the low GDP per capita is mainly due to demographic factors, with 42% of the population under 15 years of age,” says the European Statistical Office.Three Belgian provinces are well above the European average: Walloon Brabant (157%), Flemish Brabant (144%) and Antwerp (143%).The GDP per capita of the Belgian provinces of Luxembourg (72% of the EU average), Hainaut (75%), Namur (80%), Liège (84%) and Limburg (96%) remain below the EU average. Below we have the GDP per capita growth since 1990 across a few developed economies: The EU is represented by the current 27 members, data comes from the World Bank, graph made by me. A country's GDP or gross domestic product is calculated by taking into account the monetary worth of a nation's goods and services after a certain period of time, usually one year. The Balance uses cookies to provide you with a great user experience. The world's poorest countries, as measured by GDP per capita (Statistics Times), are: Once you do the math, the wealth is spread among fewer people, which raises a country's GDP. Labour productivity levels - most recent year.
Kimberly Amadeo has 20 years of experience in economic analysis and business strategy. Michael Boyle is an experienced financial professional with 9+ years working with Financial Planning, Derivatives, Equities, Fixed Income, Project Management, and Analytics.Per Capita: What It Means, Calculation, How to Use ItWhere's the Best Standard of Living? If you want to compare GDP per capita between countries, you must use When talking about China, the most populous country on earth, it produced a GDP of $27.31 trillion (factoring in purchasing power parity) in 2019. Latest News: Growth in GDP per capita productivity and ULC. GDP per capita levels - most recent year. Saturday, 01 August, 2020 It's a measure of economic activity. 203% of the European average, the Brussels-Capital Region is second only to Luxembourg (263% of the EU average) and the Southern (225%) and Eastern and Central (210%) regions of Ireland.GDP per capita is a measure of a country’s – or in this case region’s – economic output that accounts for its number of people, dividing the country’s gross domestic product by its total population.The strong performance of the Brussels-Capital can be explained in particular by the flow of people commuting, which tends to increase GDP per capita in the regions where these commuters work, and to decrease it where they live.The regions at the bottom of the ranking include the French overseas region of Mayotte (30% of the EU average), as well as three Bulgarian regions: North-West (34%), North-Central (35%) and South-Central (36%).“For Mayotte, the low GDP per capita is mainly due to demographic factors, with 42% of the population under 15 years of age,” says the European Statistical Office.Three Belgian provinces are well above the European average: Walloon Brabant (157%), Flemish Brabant (144%) and Antwerp (143%).The GDP per capita of the Belgian provinces of Luxembourg (72% of the EU average), Hainaut (75%), Namur (80%), Liège (84%) and Limburg (96%) remain below the EU average. Below we have the GDP per capita growth since 1990 across a few developed economies: The EU is represented by the current 27 members, data comes from the World Bank, graph made by me. A country's GDP or gross domestic product is calculated by taking into account the monetary worth of a nation's goods and services after a certain period of time, usually one year. The Balance uses cookies to provide you with a great user experience. The world's poorest countries, as measured by GDP per capita (Statistics Times), are: Once you do the math, the wealth is spread among fewer people, which raises a country's GDP. Labour productivity levels - most recent year.