==Components== Another point: Should per capita income include all sources of income? For example: * wages earned * government subsidies ** housing ** food ** medical * royalty payments (Alaska, oil royalty payments) You are talking about household income here. It inludes: income derived from work (ie wages, salaries), income derived from capital (ie interest, dividends, capital gains), and ''net'' transfers [transfers received (ie pensions, welfare, etc) - transfers contributed (ie government health insurance, pension schemes)]. Per Capita Income, however, is normaly the GDP divided by the number of citizens. WojPob **Perhaps this should be clarified in the article, together with a link to the source perhaps. Terms that may be used are "gross national income" which is gross domestic product less consumption of fixed capital, in the US the national income is published in the Fed Z1 report, [http://www.federalreserve.gov/Releases/Z1/current/accessible/f7.htm], of the GNI on 9679.7, 6289.0 was "Households and nonprofit organizations compensation of employees" during 2003. - User:Jerryseinfeld 01:39, 4 Dec 2004 (UTC) ==Questions== Does ''per capita'' mean that the income is per year or per month? (I came here form Nepal and this information isn't mentioned here nor there. Perheapes it would be worth to mark it in the article... User:Cek :"Per capita" means "per person", so it doesn't say anything about the amount of time. That said, ''per capita'' incomes are usually reported on a per-year basis; a longer name would be "annual per capita income". User:Cdc User talk:Cdc 17:04, 20 Jun 2005 (UTC)
The per capita income for a group of people may be defined as their total personal income, divided by the number of people. Per capita income is usually reported in units of currency per year. ==Per capita income as a measure of wealth== Per capita income is often used as a measure of the wealth of the population of a nation, particularly in comparison to other nations. It is usually expressed in terms of a commonly-used international currency such as the Euro or United States dollar, and is useful because it is widely known and produces a straightforward statistic for comparison. Particularly when comparing countries with substantially different levels of wealth, however, it has several weaknesses as a measurement. * Economic activity that does not result in monetary income, such as services provided within the family, or for barter, are usually not counted. The importance of these services will vary widely between different economies, both between countries and among different groups within a country. ''See: Informal economy'' * Per capita income gives no indication of the distribution of that income within the country, so a small wealthy class can increase the measured per-capita income far above that of the majority of the population. ''See: Income inequality metrics'' * Differing currency exchange rates between countries mean that a given amount of money (for example, one US dollar) has differing values in different places. ''See: Purchasing power'' ==Some national per capita income levels== Data on Per capita income based on a countries total personal income is very difficult to find. Much more commonly used due to its availability is the Gross domestic product. Total personal income is lower then the Gross domestic income! A ranking of the (probably) top ten countries by GDP per capita (in PPP-$, purchasing power parity-$): # Luxembourg $58,900 # United States $40,100 # Norway $40,000 # Bermuda $36,000 # San Marino, $34,600 # Switzerland $33,800 # Cayman Islands $32,300 # Denmark, $32,200 # Iceland $31,900 # Austria $31,300 Among the lowest-ranked are East Timor, Sierra Leone and Somalia, with a per capita GDP of about 500 PPP-$. ''Source: CIA World Factbook, 2005'' ==See also== *purchasing power parity Economics
See other meanings of words starting from letter:
Words begining with Per_capita_income:
Per-capita_income
Per_capita_income
Per_capita_income
Per capita income
==Components== Another point: Should per capita income include all sources of income? For example: * wages earned * government subsidies ** housing ** food ** medical * royalty payments (Alaska, oil royalty payments) You are talking about household income here. It inludes: income derived from work (ie wages, salaries), income derived from capital (ie interest, dividends, capital gains), and ''net'' transfers [transfers received (ie pensions, welfare, etc) - transfers contributed (ie government health insurance, pension schemes)]. Per Capita Income, however, is normaly the GDP divided by the number of citizens. WojPob **Perhaps this should be clarified in the article, together with a link to the source perhaps. Terms that may be used are "gross national income" which is gross domestic product less consumption of fixed capital, in the US the national income is published in the Fed Z1 report, [http://www.federalreserve.gov/Releases/Z1/current/accessible/f7.htm], of the GNI on 9679.7, 6289.0 was "Households and nonprofit organizations compensation of employees" during 2003. - User:Jerryseinfeld 01:39, 4 Dec 2004 (UTC) ==Questions== Does ''per capita'' mean that the income is per year or per month? (I came here form Nepal and this information isn't mentioned here nor there. Perheapes it would be worth to mark it in the article... User:Cek :"Per capita" means "per person", so it doesn't say anything about the amount of time. That said, ''per capita'' incomes are usually reported on a per-year basis; a longer name would be "annual per capita income". User:Cdc User talk:Cdc 17:04, 20 Jun 2005 (UTC)
Per capita income
The per capita income for a group of people may be defined as their total personal income, divided by the number of people. Per capita income is usually reported in units of currency per year. ==Per capita income as a measure of wealth== Per capita income is often used as a measure of the wealth of the population of a nation, particularly in comparison to other nations. It is usually expressed in terms of a commonly-used international currency such as the Euro or United States dollar, and is useful because it is widely known and produces a straightforward statistic for comparison. Particularly when comparing countries with substantially different levels of wealth, however, it has several weaknesses as a measurement. * Economic activity that does not result in monetary income, such as services provided within the family, or for barter, are usually not counted. The importance of these services will vary widely between different economies, both between countries and among different groups within a country. ''See: Informal economy'' * Per capita income gives no indication of the distribution of that income within the country, so a small wealthy class can increase the measured per-capita income far above that of the majority of the population. ''See: Income inequality metrics'' * Differing currency exchange rates between countries mean that a given amount of money (for example, one US dollar) has differing values in different places. ''See: Purchasing power'' ==Some national per capita income levels== Data on Per capita income based on a countries total personal income is very difficult to find. Much more commonly used due to its availability is the Gross domestic product. Total personal income is lower then the Gross domestic income! A ranking of the (probably) top ten countries by GDP per capita (in PPP-$, purchasing power parity-$): # Luxembourg $58,900 # United States $40,100 # Norway $40,000 # Bermuda $36,000 # San Marino, $34,600 # Switzerland $33,800 # Cayman Islands $32,300 # Denmark, $32,200 # Iceland $31,900 # Austria $31,300 Among the lowest-ranked are East Timor, Sierra Leone and Somalia, with a per capita GDP of about 500 PPP-$. ''Source: CIA World Factbook, 2005'' ==See also== *purchasing power parity Economics
See other meanings of words starting from letter:
P
PA | PB | PC | PD | PE | PF | PG | PH | PI | PJ | PK | PL | PM | PN | PO | PR | PS | PT | PU | PW | PX | PY | PZ |Words begining with Per_capita_income:
Per-capita_income
Per_capita_income
Per_capita_income
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