per capita income


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Per Capita Income

The amount of income in an area divided by the number of persons in that area. This is, in essence, the average income in the area. It may not adequately describe wealth, as it does not consider debt and it does not consider persons with very high or very low incomes that may skew the average in one direction or another. However, it may still be used as a measure of economic health in an area.

per capita income

or

income per head

the GROSS NATIONAL PRODUCT (national income) of a country divided by the size of its POPULATION. This gives the average income per head of population if it were all shared out equally. In 2003, the UK had a per capita level of $24,230, Japan $33,990, and the USA $34,870. Most developing countries, by contrast, had a per capita income level of under $1,000. See DISTRIBUTION OF INCOME.

per capita income

see INCOME PER HEAD.
References in periodicals archive ?
Hypothesis model regression test of multiple linear regressions was obtained by value of variable regression coefficient of GRDP at CMV to per capita income obtained value equal to 1.
Across the United States, county per capita income ranged from $15,787 in Wheeler County, Georgia to $194,485 in Teton County, Wyoming.
It is possible to break down the per capita income increase into three contributors: the ratio of the working age population to the total population; the employment ratio (employment by working-age population); and labor productivity, defined as GDP per employed individual.
In 2011, Sri Lanka's per capita income was 2,836 U.
However, in terms of per capita income, Saudi Arabia came fourth in the Arab world and 53rd worldwide with a per capita income of $ 15,500.
The period of the graph is from 1998 through a PPP per capita estimate-by the International Monetary Fund (IMF)-of what Kuwait's PPP per capita income is likely to be at the end of 2007.
Overall, the gap between the richest state and poorest state has narrowed since 1929, as economic growth theory predicts (See our 2005 Annual Report essay for a more detailed analysis of per capita income growth across U.
The present study considers the impact of the per capita income differentials on Newly Industrialized Countries (NICs) trade patterns and revisits the Linder hypothesis.
If these trends continue unabated, China and India's per capita income will converge with the United States within the current century approximately in the years 2035 for China and 2095 for India.
Oregon's per capita income rose slightly faster than the national average in 2005, growing by 5 percent or $1,542, to an average of $32,103, according to figures released Tuesday by the U.
University of Groningen economist Angus Maddison calculates that average annual global per capita income fell, in real dollars, from $445 in 1 A.
The white line is the percent change in the per capita income of Colombians.