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As the table below shows, even though Japan's population declined 2.0% during the period 2012-2022, its per capita GDP, a rough approximation of the overall productivity of the Japanese people, rose by about 7.5%, a much greater increase than the 2.0% decrease in its population. As a result its GDP still grew by 4.7%, and the increase in GDP ...
GDP is the mean (average) wealth rather than median (middle-point) wealth. Countries with a skewed income distribution may have a relatively high per-capita GDP while the majority of its citizens have a relatively low level of income, due to concentration of wealth in the hands of a small fraction of the population. See Gini coefficient.
In economics, income distribution covers how a country's total GDP is distributed amongst its population. [1] Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world. [2] [3]
California gained about 157,000 more people from natural change — the difference in number between births and deaths — than New York did, making New York's total population loss greater.
An increase of 113.560 million. This being indicative of the production level in the country being higher than that of national production. On the other hand, the case with Armenia is the opposite with its GNI in 2023 being lower than its GDP by 3.85 billion. This shows us countries receive investments and foreign aid from abroad.
Overall, California's population loss slowed considerably from the first year of the data set to the second. In 2020-21, the state lost 0.91% of its population. The following year, it lost just 0.29%.
The single best gauge of economic success is the growth of GDP per person, not total GDP. [17] GDP per person (also known as GDP per capita or per capita GDP) is a rough proxy for average living standards. [18] A country can both increase its average living standard and grow its total GDP even though its population growth is low or even negative.
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.