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.
Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000
References in periodicals archive ?
Per capita income is one of the most widely used measures of the general well being in an economy.
While projections are mixed over the country's growth rate, the outlook on per capita income is more solid and rosier.
Per Capita income is the average income of the population;
Per capita income reflects average standards of living of people in the country and is one of the most commonly used economic indicator.
Average per capita income in West University Place: $106,583
King County had the highest per capita income in the state with $68,877 and Ferry County had the lowest with $30,680.
CA-News has previously reported that the average per capita income of the Kazakhs in July of this year was $346.
In my article titled "Turkey on the brink of middle-income trap," I argued that the high per capita income growth that was led by robust labor productivity growth during the first years of Justice and Development Party (AKP) rule, slowed down first and then totally stopped in 2012, based on a research published by BahceE-ehir University's Center for Economic and Social Research (BETAM) in August 2013.
The minister said the UAE, which aims to become the economic, tourist and trade gateway for more than two billion people, targets the attainment of one of the world's highest per capita income.
our goal is ...to double our per capita income, " Rousseff told a business ceremony.