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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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 ?
Barclays Capital estimated per-capita income in North Korea at $900, compared with $9,050 in the South.
Per-capita income in East Germany was two-thirds of that in West Germany before German reunification.
It is generally hypothesised by most writers that variations in velocity can be explained by factors like per-capita income, interest rates, inflation, institutional and payment mechanisms, transport and communications, spending habits etc.
Per-capita Income (Y): is represented by per capita real gross domestic product.
However, it will be seen from Figure 1 that except for 1981-82 when per-capita income and V1 and V2 increased simultaneously, the increase in [V.sub.1] and [V.sub.2] corresponds to a slow down in the rate of growth of per-capita income to less than 1 percent; (b) over all it is observed that velocity follows a declining trend; (c) undoubtedly per-capita income has increased.
Secondly the rate of interest is strongly correlated with per-capita income (PCI) and its inclusion lowers the significance level of PCI variable.
The per-capita income variable in the earlier study was negatively related to velocity.
Third, the bank branches variable is highly positively correlated with the real per-capita income and its inclusion affects the significance levels of the per-capita income.
Likewise, per-capita income is projected to increase by 40 percent from $3,550 in 2015 to at least $5,000 in 2022, thereby elevating the country to be even better than upper middle-income economy,' Pernia said.
Per-capita income in Lane County, for instance, was 87 percent of the national average in 1969 and 84 percent in 2004.
In 1969, per-capita incomes in areas outside Oregon's metropolitan areas - Portland, Eugene-Springfield, Medford, Salem, Corvallis and Bend - were 85 percent of the national average.
In the Eugene-Springfield area, per-capita incomes fell by 2.1 percent to an average of $34,688, ranking 240th among the 366 metropolitan areas.