GDP and GDP per capita are indices that are used to conduct surveys and give the world rankings of countries based on certain aspects and also shows a gradual increase or decrease of a country’s economy and even the living standards of the population in an individual citizen’s perspective.
GDP vs GDP Per Capita
The main difference between GDP and GDP per capita is that when GDP is calculated to produce the gross value of productivity that a country can produce in an economic year, GDP per capita is used to provide an idea about the lifestyle of the citizens as it gives the value of economic release per individual of the country.