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 ?
The BETAM research focuses on the evolution of the main factors that contributed to this striking per capita income increase at the beginning and its abrupt stop at the end of the research period.
Overall, the reality of progress, and especially the perception of progress, has been important to introducing the recent stability in per capita income shown in the graph on page 1.
More recently, Ohio's per capita income growth has started to slow.
Louisiana, hit hard by two hurricanes, was at the bottom of the list, after a big drop in per capita income.
After faltering between 2001 and 2003, per capita income regained momentum with gains of 2.
In 1929, the richest state in the union was New York (with per capita income of $9,717).
Despite the high cost of big-city living, Southern California remains one of the nation's only metropolitan regions with per capita income levels below the national average.
Each has median family income, median household income, and per capita income from 47 to 63 percent above the state average.
Per capita income in Japan's 47 prefectures averaged 3,079,000 yen in fiscal 1999, down 0.
Costa Rica has 4 million inhabitants, a gross domestic product (GDP) of US$15 billion and annual per capita income of $3,775.
The convergence in State per capita income in 1950-99 occurred almost entirely during the first 29 years.
As per capita income in creased with export-driven growth in East Asia, the environment benefited.