GDP Per Capita
Dimension: Vulnerability
Area: Socioeconomic
Category: Economy
Definition: GDP refers to the total value of all goods and services produced annually by a territory (administrative level 2). The indicator of GDP Per Capita is used to approximately determine the prosperity of a territory by its population.
- Unit of measure: Dollars or national currency
- Formula:
Numerator: GDP of the territory
Denominator: Total population of the territory.
Data sources:
- International statistics
- National census
- National bank or financial institution statistics.
- World Bank database.
Comments and limitations: The GDP per capita have been criticized for not being an adequate measure of prosperity because it doesn’t account inequality . Other measures as Gini coefficient can be used to cover this problem.