per capita income


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per capita income

the income per head of the population of a country. This is a usual way of distinguishing between the relative WEALTH of countries, although there exist many problems in using it. Not least of the problems is the continued existence of ‘subsistence’ economic activity and a widespread INFORMAL ECONOMY in many societies. This means that much economic activity goes unrecorded. A further difficulty is that exchange rates (the basis of per capita calculations of differences in income) between different currencies often fail to reflect internal differences in the purchasing power of different currencies. Thus, while useful in establishing broad differences between nations, the notion of per capital income should be used with caution in making more detailed comparisons.
References in periodicals archive ?
The ministry estimated per capita income will stand at $32,000 at the end of this year.
In lower MIT, the requirement for a country to be out of the lower middle income to upper middle income is that it should exceed the 28 year period and per capita income should grow at least at 4.
Average per capita income in Cherry Hills Village: $120,898
Whatcom County's per capita income growth has tracked the state's numbers for the last several years, with a significant increase in 2014 following several years of almost no growth.
The strong per capita income increase has allowed a modest decrease in income inequality and a rather remarkable decrease in poverty, which, however, continues to be quite high.
However, Jumaa cautioned that inflation had direct effect on per capita income as shown in the difference between the nominal and real values of per capita income.
Jumaa said inflation has direct effect on per capita income as shown in the difference between the nominal and real values of per capita income.
United National Party MP Harsha de Silva who is also an economist told media that the government was misleading international organizations and fellow Sri Lankans by calculating the per capita income of the country so that it would show an unrealistically high figure.
In the largest cities in the region, per capita income is rising more quickly than the national average.
Our per capita income equalled to 36 percent of the EU average in 2002.
Thanks to the booming economy, there are 180,000 new job vacancies this year and per capita income will break the US$19,000 mark, reaching US$19,046.
On an annual basis, the new estimate of per capita income rose 13.