What is percapita income?

Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income can be used to determine the average per-person income for an area and to evaluate the standard of living and quality of life of the population.

Per capita income is a measure of the amount of money earned per person in a nation or geographic region.

Explanation:

Per capita income for a nation is calculated by dividing the country's national income by its population. Per capita can be used to evaluate the average person's quality of life in a country or region.

Source: https://www.investopedia.com/terms/i/income-per-capita.asp

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