What is the growth rate of real GDP per capita? GDP per capita can compare two different countries. Retest : 150000 plus 8.33% : 162495. Real GDP per capita is calculated as the ratio of real GDP to the average population of a specific year. Divide by the population of the country. Real GDP per capita is calculated as the ratio of real GDP to the average population of a specific year. Per capita is a Latin phrase that means 'for each head' - or per person. Divide the real GDP for a country by its population for the target year. Using real GDP allows you to compare previous years without inflation affecting the results. Gross domestic product (GDP) ... Constant-GDP figures allow us to calculate a GDP growth rate, ... Per-capita GDP is a measure to account for population growth. The GDP is the Gross Domestic Product of a country or region over some chosen time period. Real GDP per capita is a country's economic output for each person adjusting for inflation. Real GDP per capita is calculated as the ratio of real GDP to the average population of a specific year. This number is the real GDP per capita. Assume that population is 100 in year 1 and 102 in year 2. When calculating GDP growth rates, the U.S. Bureau of Economic Analysis uses real GDP, which equalizes the actual figures to filter out the effects of inflation. Second year GDP per capita - first year GDP per capita answer divide first year percapita and multiply 100 become the percentage of growth. For example, GDP does not include most unpaid household work. Divide the metric by the number of people in the population to get your per capita figure. Per Capita. Adjust the nominal GDP. Suppose an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. Best Answer: Real GDP growth = (31'200 / 30'000) - 1 = 1.04 - 1 = 0.04 = +4% Real per capita GDP Year1 = 30'000/100 = The quarterly GDP growth rate would be calculated as follows: 2014 Q2 GDP Growth Rate = (2014 Q2 GDP 2014 Q1 GDP) / 2014 Q1 GDP; This will provide the GDP growth rate percentage for Q2 of 2014 alone. Example : first year 150000 second year 162500, 162500150000 : 12500, 12500/150000 : 0.08333 x 100% :8.333%. For instance, if 500 citizens in a town earn a total of $12,500,000 in annual salary, the per capita annual income for the town is $25,000. Corrected for inflation but not for purchasing power parity. I'm having a little trouble solving part two to this problem. Suppose an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of GDP per... show more I'm having a little trouble solving part two to this problem. Don't worry, per capita is much easier to understand than real GDP! It is often used as an indicator of how well off a country is, since it is a measure of average real income in that country. Learn more about Financial Calculations How to Calculate the Growth Rate of Nominal GDP. There are several calculations that a country can make when trying to Suppose an economy's real GDP is $30,000 in year 1 and $31,200 in year 2.