Write Out the Per Capita Income of 5 Developed and 5 Developing Countries Over the Past 5 Years
Subscribe to read and download this work.
ASSIGNMENT
Write out the per capita income of 5 developed and 5 developing countries over the past 5 years.
---
The primary factor used to distinguish developed countries from developing countries is the Gross Domestic Product (GDP). Per capita is the tally of all the goods and services produced in a country in one year, expressed in U.S. dollars.
GDP is calculated by dividing a country’s GDP by its population. For example, a small country with a GDP of $1 billion and a population of 50,000 has a GDP per capita of $20,000. One unofficial threshold for a country with a developed economy is a GDP per capita of $12,000.
Some economists prefer to see a per capita GDP of at least $25,000 to be comfortable declaring a country as developed, however, many highly developed countries, including the United States, have high capita GDPs of $40, 000 or above.
Reviews
No reviews yet.
APA
Oluborode, J. (2026). Write Out the Per Capita Income of 5 Developed and 5 Developing Countries Over the Past 5 Years. Afribary. Retrieved June 14, 2026, from http://library.afribary.com/works/write-out-the-per-capita-income-of-5-developed-and-5-developing-countries-over-the-past-5-years
MLA
Oluborode, James. "Write Out the Per Capita Income of 5 Developed and 5 Developing Countries Over the Past 5 Years." Afribary, 6 Jun. 2026, http://library.afribary.com/works/write-out-the-per-capita-income-of-5-developed-and-5-developing-countries-over-the-past-5-years. Accessed June 14, 2026.
Chicago
Oluborode, James. "Write Out the Per Capita Income of 5 Developed and 5 Developing Countries Over the Past 5 Years." Afribary (2026). Accessed June 14, 2026. http://library.afribary.com/works/write-out-the-per-capita-income-of-5-developed-and-5-developing-countries-over-the-past-5-years