GDP per capita

Definition

An estimate of how much an individual spends as a consumer compared to the total population spending on products and services.

Use GDP per capita in a sentence

  • When trying to find out how much people in your area may spend at your shop you need to find out the GDP per capita.

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  • When deciding where to open your store you should take into account the GDP per capita of the surrounding area.

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  • I prefer to think about the monetary value of a country in terms of it's gdp per capita however there are other ways to do this.

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