GDP per capita: Difference between revisions

Revision as of 11:55, 11 December 2013

Label:	Gross domestic product (GDP) per capita
Description:	The overall GDP is composed of Value Added (VA) per relevant sector and private consumption, estimated with more detailed models accounting for intersectoral linkages, responses to prices, and others
Dimensions:	time, region
Default unit:	US$ (2005) per year
Variable type:	driver
Driver group:	Economic development
Source:	OECD, CPB

Drivers are described in the Drivers component.

Variable is input of model component(s):

@@ Line 2: / Line 2: @@
 |Status=Publishable
 |Label=Gross domestic product (GDP) per capita
-|Description=GDP formally measures expenditures on private household consumption, investment and government purchases of goods and services, along with the balance of exports and imports of merchandise and non-factor services.
+|Description=The overall GDP is composed of Value Added (VA) per relevant sector and private consumption, estimated with more detailed models accounting for intersectoral linkages, responses to prices, and others
 |Dimension=time, region
 |Unit=US$ (2005) per year
@@ Line 13: / Line 13: @@
 |ExternalModel=
 }}
-Gross Domestic Product (GDP) is a key indicator to measure macro-economic activity and is also used as a welfare indicator. Other economic growth indicators, such as private consumptions or service value added, are strongly related to GDP.