Over the same period real GDP per head
for the economy as a whole grew by 110 per cent.
The International Monetary Fund estimates that GDP per head
of the population is almost $34,000 in Japan, while in China it is roughly $7,500.
On the other hand, GDP per head
, provides an, albeit incomplete, indicator of the average well-being of the population.
The report, for instance, quotes a study by Professor Richard Easterlin to suggest that in spite of a 30 per cent increase in the American GDP per head
between 1972 and 1993, the share of individuals who were "very happy did not increase.
You don't normally get asked that, you get asked what the GDP per head
is in relation to England," he said.
As the graph indicates, life satisfaction is higher in countries with higher GDP per head
8m GDP per head
$47,330 (PPP:$47,330) China GDP Growth 10.
Instead of relying on GDP per head
, it looks at R&D spending, business rate start-ups, productivity, and the proportion of working age population with a degree.
Indeed, McKinsey Global Institute's studies of countries around the world show that gaps between productivity levels in their large, employment-intensive local service sectors, such as retail and construction, explain a substantial amount of the gaps between their respective GDP per head
To the European Union, GDP per head
inter-regional differences have decreased for certain periods but it has remained unchanged or even increased for others periods.
Its GDP per head
stood in 2002 at $26,550, compared to $21,945 for Spain as a whole; its $t 46.
A superficial introductory section tabulates countries by, for instance, GDP per head
, and an obscure measure of 'environmental sustainability'.