Quote:
Originally Posted by svevin
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From Investopedia ( https://www.investopedia.com/terms/p/percapita.asp):
KEY TAKEAWAYS
Per capita is a term used in economic and statistical analysis that means per person.
Per capita is used when comparing a certain economic metric to a population.
The most common instances of per capita are gross domestic product (GDP) per capita and income per capita.
Per capita information provides more granular data than just aggregate information. It is often used as an apples to apples comparison between countries with different population sizes.
Per capita information is often contrasted with median information, which provides a clearer picture as it considers outliers. |
Yes, we use it as a metric to compare countries, but that doesn't mean it is a GOOD metric. I never argued that we use it as a metric lol.