The US GDP per capita trends: 2018 -2022

The US possesses the largest GDP globally and has a major lead over Germany, Japan, and China. The US GDP (gross domestic product) per capita was US$ 62, 517.53 in 2018 and is estimated to be around US$ 65, 061.59 in 2019. The gross domestic product per capita in the US was US$ 59,792.01 in 2017. Therefore, the US is one of the nations with the largest GDP per capita globally.

The Gross domestic product – GDP per capita of the US for 2018 to 2022:

The GDP - gross domestic product of a nation is a crucial pointer of its economy. It represents the market value of services and goods produced in that nation in a particular year. The US GDP per capita is consistently increasing and it is anticipated that it will continue to grow.

The US GDP share on a global scale adjusted for Purchasing Power Parity has remained in the range of 20% in the last couple of years. This is with a difference of plus or minus a few points, as quoted by the Statista.

GDP per capita is the yearly GDP divided by the normal population in the same year. This permits to calculate the calculation of GDP per resident of a nation. So, a nation like the US with a high GDP can, however, have a lower GDP per capita.

The US GDP per capita is equal to 421% of the global average. The GDP per capita in the US remained around US$ 35,243.47 from 1960 until 2017. It reached an all-time high of US$ 59,792.01 in 2017. The record low of US$ 17, 036.90 was witnessed in 1960.

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