Per capita GDP is a metric that measures the overall economic output of a country or region relative to its population size. It can be useful in assessing the economic health of a region or nation at any given time and for comparing it to that of other countries or regions. By calculating the amount of goods and services produced per person, we can gain an understanding of the wealth generated by each individual and determine whether their standard of living is rising or falling. Per capita GDP is also a helpful tool for forecasting a country’s future growth potential, economic stability, and overall competitive position in the global market.