That gives a per capita income of around $59,500. The term "per capita" is a Latin phrase that translates to "per person". Measurement / Population = Measurement per Capita. 3  For example: # of Heart Attacks / Population = Heart Attacks per Capita. The formula for per capita GDP is: Per Capita GDP = Gross Domestic Product/Population. Heart Attacks per Capita * … It's used in various settings to determine the average per person in a given situation. Per capita measures reflect the relative state of a country's population.

So, let's assume that … A Latin phrase literally meaning “by heads,” and translated as “for each person.” It is a common unit for expressing data in statistics. For example, a common way in which per capita is used is to determine the GDP per capita, or the gross domestic product of a population per capita.

A country's per capita personal income, for example, is the average personal income per person. For example, per capita GDP is a country’s gross domestic product (GDP) per person. When measuring things like the incidence or prevalence of diseases, then per capita is reported as per 100,000 people.

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