You simply divide the country's GDP by the number of people it has. If a country has an annual GDP of $55 billion and a population of 10 million people, its per capita GDP is $5,500 .

Calculation of GDP, real and nominal, is hinged on what is referred to as Base Year. That is the year which prices are adopted to calculate the GDP figures in subsequent years.

In theory, sturdy economic growth eases pressure on the Fed to lower interest rates, since consumers and businesses appear ...

India now measures GDP by market prices instead of factor costs, to take into account gross value addition in goods and services as well as indirect taxes. The base year has been shifted to 2011/ ...

BEIJING--China has revised the way it measures the size of its economy, the first such change since 2002, in what it says is an effort to better align its data with international standards.