GDP per capita (constant LCU)

This economic indicator reflects the average economic output per person within a country, calculated by dividing the total GDP—comprised of gross value added from all resident producers, adjusted for taxes and subsidies—by the midyear population. It provides a vital measure of living standards and economic health, expressed in constant local currency to account for inflation and ensure comparability over time. By excluding depreciation of manufactured assets and the depletion of natural resources, this measurement highlights the economy's ability to generate sustainable growth without accounting for potential environmental impacts. Consequently, it serves as a crucial tool for policymakers and analysts in assessing economic performance and formulating development strategies. Source: