Interesting GDP per capita data

What it is[]

It is said to be "The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory." according to investopedia.com.

It is one of the ways of measuring the fiscal size and changes in fiscal value of national economies.

Nominal GDP per head statistics[]

Note: GDP per head/per capita statistics start at various times, with some like USSR and Saudi Arabia starting in 1970. Modern figures some times quote retrospectively the USSR's republics' statistics as if they were independent nations, which they were not, but because the USSR was so dominated by Russia that it's stats per capita can be use in place of the USSR's. Modern figures some times quote retrospectively Yemen, Vietnam and Germany as if they a united and not divided in two by Cold War Geopolitics. N. Yemen, S. Vietnam and W. Germany had about 33% more economic production than S. Yemen, N. Vietnam and E. Germany. Modern figures some times quote retrospectively Ethiopia's and Eritrea's republics' statistics as if they were independent nations, which they were not, but because the old Ethiopia was so dominated by modern Ethiopia that it's stats per capita can be use in place of the old Ethiopia's. Modern figures some times quote retrospectively for Czechia, Slovakia and the former Yugoslavia as if they independent nations, which they were not, but the united figures were roughly between those of Slovakia and Czechia for Czechoslovakia and between to the of Serbia and Croatia for Yugoslavia. Modern figures some times quote retrospectively for N. Sudan and S. Sudan as if they were independent nations, which they were not, but Sudan was so dominated by N. Sudan that it's stats per capita can be use in place of Sudan's.

Things that affect GDP per capita[]

In theory it grows as the nominal GDP does, but can be reduced by a rising population leading to it being spread out among more people. The reverse effect can also occur.

There are the alleged booms among the Association of Brazil, Russia, India, China and South Africa (B.R.I.C.S.), as well in Turkey, Kazakhstan, Equatorial Guinea, Azerbaijan, Slovenia, Poland, Belgium, the Czech Republic, Hong Kong S.A.R., the Baltic States, Chile, Mexico, Iran, Argentina, Costa Rica, Ethiopia, Nigeria, Kenya, Israel and Australia.

All the economies have grown since 1965 and most have grown since 2000 (growth has been especially high in India, the UAE and China), but it is mostly a relative improvement form the distant past and better targeting of state spending have made life better in the counties.

China has given up the xenophobic Bamboo Curtain policy, The USSR's horrifically inefficient system has been removed to various degrees in the former USSR, Equatorial Guinea has struck oil and scrapping communist centrally planned economics in favor of western market economics helped crate money in the relevant nations anyhow.

Interesting GDP per capita data

Contents

What it is[]

Nominal GDP per head statistics[]

Things that affect GDP per capita[]

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