GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
What are the leading international institutions expecting in the years ahead for the world’s economies? How will demographic profiles shift by world region? Which countries are at the precipice of becoming world-scale natural resource producers? Explore global forecasts with Knoema!