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== GDP per capita == [[File:Map of countries by GDP (PPP) per capita in 2024.svg|thumb|upright=1.4|[[List of countries by GDP (PPP) per capita|Countries by GDP (PPP) per capita]] in 2024 {| width=100%h |- | valign=top | {{Legend|#00008a|> $60,000}} {{Legend|#003c00|$50,000β$60,000}} {{Legend|#008f00|$40,000β$50,000}} {{Legend|#00f900|$30,000β$40,000}} | valign=top | {{Legend|#b3ff00|$20,000β$30,000}} {{Legend|#ffff00|$10,000β$20,000}} {{Legend|#ffd215|$5,000β$10,000}} {{Legend|#ff852f|$2,500β$5,000}} | valign=top | {{Legend|#ff0000|$1,000β$2,500}} {{Legend|#a30000|< $1,000}} {{Legend|#b9b9b9|No data}} |} ]] GDP can be adjusted for population growth, also called ''Per-capita GDP'' or ''GDP per person''. This measures the average production of a person in the country. The major advantage of GDP per capita as an indicator of the standard of living is that it is measured frequently, widely, and consistently. It is measured frequently in that most countries provide information on GDP every quarter, allowing trends to be seen quickly. It is measured widely in that some measure of GDP is available for almost every country in the world, allowing inter-country comparisons. It is measured consistently in that the technical definition of GDP is relatively consistent among countries. It can be argued that GDP per capita is an indicator of standard of living.<ref name="HDWMSL">{{Cite web |title=How Do We Measure Standard of Living? |url=https://www.bostonfed.org/education/ledger/ledger03/winter/measure.pdf |url-status=live |archive-url=https://web.archive.org/web/20130331123630/http://bostonfed.org/education/ledger/ledger03/winter/measure.pdf |archive-date=2013-03-31 |website=The Federal Reserve Bank of Boston}}</ref><ref>{{cite web|title=How Real GDP per Capita Affects the Standard of Living|url=http://study.com/academy/lesson/how-real-gdp-per-capita-affects-the-standard-of-living.html|website=Study.com|access-date=2015-04-06|archive-date=2015-05-20|archive-url=https://web.archive.org/web/20150520003910/http://study.com/academy/lesson/how-real-gdp-per-capita-affects-the-standard-of-living.html|url-status=live}}</ref> As a result, GDP per capita as a standard of living is a continued usage because most people have a fairly accurate idea of what it is and know it is tough to come up with quantitative measures for such constructs as happiness, quality of life, and well-being.<ref name="HDWMSL" /> From the perspective of environmental, social and governance (ESG) measures, GDP per capita trends can be influenced by factors such as gender parity and elements of regulatory quality. The change in number of MSMEs (Micro, Small, and Medium Enterprises) in the Philippines from 2008 through 2021 would be an example of elements such as the per capita gross domestic product and unemployment rate having significant effect on a developing country with mixed economy.<ref>{{Cite journal|last1=Tan|first1=Jackson|last2=Arceo|first2=Virginia|date=2024-08-24|title=Women driving Philippine entrepreneurship: Social and governance issues as mediated by economic development|url=https://doi.org/10.1007/s40497-024-00398-0|journal=Journal of Global Entrepreneurship Research|volume=14 |doi=10.1007/s40497-024-00398-0 }} https://rdcu.be/dRUEh</ref> === Lists of countries by GDP per capita=== {{cols|colwidth=23em}} * [[List of countries by GDP (nominal) per capita]] * [[List of countries by GDP (PPP) per capita]] * [[List of countries by past and projected GDP (nominal) per capita]] ([[List of countries by past and projected GDP (PPP) per capita|PPP]]) {{colend}}
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