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.
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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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

per capita income

see INCOME PER HEAD.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
On that basis, in sub-Saharan Africa, only four countries qualify for the chance to experience 'immortal' democracy: Botswana, Gabon, Mauritius and the Seychelles all have a per capita income of $10,000 a year, although it is likely that South Africa will join Botswana in that rich country bracket this year.
If per capita income is below $800 then there is an 8% chance every year that a democratic system will collapse, and that is when incomes are growing.
Interestingly, 12 of Africa's 'strong' democracies are still at a per capita income level of $2,000 or less, but since the economies of all these 12 'poor democracies' are growing, the chance of democracy failing is less than it would be in times of recession.
This result implies that trade patterns depend on the similarity of per capita income, and that the level of trade in manufactured goods between two countries will be inversely related to the differences in their per capita income, as predicted by Linder.
* The convergence in State per capita income in 1950-99 occurred almost entirely during the first 29 years.
* 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.
Consequently, its predictions regarding convergence apply to output per worker and not, strictly speaking, to per capita income. Nevertheless, studies of income convergence frequently analyze per capita income because data on per capita income are available for much longer time periods than data on output per worker.
Per capita income serves to measure directly the relationship between economic growth and environmental quality and measures indirectly the endogenous characteristics of growth.
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.
d) Jurisdictions whose residents' per capita income is 120 percent or less of the state average will receive "full funding".
Real per capita income differs both across states and over time.
In the 1970s, Ohio enjoyed per capita income levels near national averages but it has fallen behind since then.