per capita income

Popular Terms
Total national income (GDP) divided by total population. It is not the average income (because it includes children and non-working population) but serves as an indicator of a country's living standards.

Use 'per capita income' in a Sentence

The annual financial reports predicted that the developing nation's per capita income would steadily increase over the next five years.
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If your business is in an area with a high per capita income you will be able to charge a bit more than if in another area.
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Knowing the per capita income of those around your business can help you figure out how much to charge for your product.
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