Can someone please explain the difference between the GDP of a country and the GDP per capita of a country?

Question

Can someone please explain the difference between the GDP of a country and the GDP per capita of a country?

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Answer 1

GDP per capita is just the country’s GDP divided by the its population. That’s what “per capita” means: “per person.”

Luxembourg and Tanzania, for instance, have roughly the same GDP, but Tanzania has almost exactly 100 times the population of Luxembourg, so even though both countries have the same total wealth, the average Luxembourger is about 100 times wealthier than the average Tanzanian.