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 ?
Because earnings accounts for such a large share of personal income, the convergence of per capita income in 1950-79 and the absence of convergence since 1979 are largely attributable to per capita earnings.
From 1973 to 1987, the pattern of the CV was noticeably affected by a surge in per capita income in Alaska that was almost entirely due to the construction of the Alaska pipeline.
There were substantial geographic shifts in per capita income among States (see map 1 on page 45).
A third possibility is that further convergence did not occur because the States had reached their long-run rates of per capita income growth in 1979.
In addition, a longer time series of measures of State output--such as gross state product--is needed to avoid the complications involved in using per capita income to compare different growth models.
It is hypothesized that there are four determinants of environmental quality in any given country: (i) endowment such as climate and location; (ii) per capita income which reflects the structure of production, urbanization, and consumption patterns of private goods including those environmental goods and services which have the characteristics of private goods and services; (iii) exogenous factors such as technology which are available to all countries but change over time; and (iv) policies that reflect social decisions about the provision of environmental public goods depending on the sum of individual benefits relative to the sum of individuals' willingness to pay.
Thus the impact of rising industrialization and urbanization at middle-income levels and the growing importance of services in high income economies are typical patterns that are proxied by per capita income.
Therefore in the case of policy, it is only possible to cautiously infer where we observe a close association between certain types of policies and levels of per capita income.
Per capita income was defined in purchasing power parity terms.
d) Jurisdictions whose residents' per capita income is 120 percent or less of the state average will receive "full funding".
In both states, the gap between national and state per capita income increased over the last 30 years, with the gap's growth accelerating in the late 1990s.
In the 1970s, Ohio enjoyed per capita income levels near national averages but it has fallen behind since then.