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  • About the Economic Futures Hub
  • Unit 1: Economics of the Market
  • Unit 2: UK Economic Activity
  • Unit 3: Global Economic Activity
  • Data for Applied Economists

GDP per capita

Flashcard Definition

An economic measure highlighting a nation’s economic output per person.

Block Type
Flashcard
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The Fraser of Allander have a handy GDP guide to understand this concept in more detail.
A Guide to Scottish GDP | FAI

The size of Scotland's economy is frequently used as an indicator of how well Scotland does compared to the rest of the UK. GDP often features in the news, for example in the current climate, where both the UK and Scotland have officially entered a recession following two consecutive quarters of negative GDP growth .

fraserofallander.org

A Guide to Scottish GDP | FAI
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GDP per capita is a widely utilised indicator of economic performance and can be used as a broad measure for living standards, prosperity and economic wellbeing. However, this metric gives no indication as to how GDP is distributed.

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Who are the Fraser of Allander Institute?

Created by Economic Futures. We are hosted by the FAI. Contact us at economicfutures@strath.ac.uk for feedback or collaboration.

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