GDP per capita

Label:	Gross domestic product per capita (MER)
Description:	Gross Domestic Product (GDP) is a key indicator to measure macro-economic activity in the IMAGE model. It is also used as a welfare indicator. 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. Other economic growth indicators, such as private consumptions or service value added, are strongly related to GDP. In IMAGE, growth of GDP (or related economic indicators) plays an important role in both the formulation for energy demand and food demand. The historic data for GDP used in IMAGE are taken from the World Bank's World Development Indicators. The future growth trajectories are determined using ??? GDP is expressed here in terms of US$ per capita; the total GDP for each world region is obtained by multiplying the GDP per capita with the total population.
Default unit:	US$ (2005) per year

Variable is input of model component(s):

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