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Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population. Per capita income is often used to measure an area's average income. This is used to compare the wealth of one population with those of others. It is usually expressed in terms of a commonly used international currency such as the euro or United States dollar, and is useful because it is widely known, is easily calculable from readily available gross domestic product (GDP) and population estimates, and produces a useful statistic for comparison of wealth between sovereign territories. This helps to ascertain a country's development status.
The RBI has released a report on Currency and Finance (RCF) for the year 2022-23. The report’s theme is “Towards a Greener Cleaner India”.The high...
Union Home Minister Amit Shah launched Good Governance Index 2021 prepared by the Department of Administration Reforms and Public Grievances (DARPG) on ...
Which city has been named the most liveable city in the world for the third consecutive year by the Economist Intelligence Unit (EIU)?
The extension of the Armed Forces (Special Powers) Act (AFSPA) in parts of Nagaland and Arunachal Pradesh reflects ongoing concerns regarding:
Yunqing Tang has won the SASTRA Ramanujan Prize for 2022. Yunqing belongs to which country?
On which date World Thrift Day is observed annually?
RBI recently increased Voluntary Retention Route (VRR) for investment limit from Rs. 1,50,000 crores to Rs. __________ crores.
In which country the International Union for Conservation of Nature (IUCN) 'World Conservation Congress' 2025 will be organized?
Which Canadian program for faster student visa processing was recently ended?