Growth in GDP per capita often corresponds to an increase in individual income and consumption. This implies that, on average, people in the country are better off than they were the previous year.

The US remains the world's richest country with a GDP of $29.18 trillion. Each state's GDP compares to that of another country US GDP fell in Q1 this year, the first decline since 2022. The US still ...

A low or negative GDP per capita growth rate year over year frequently indicates more than simply economic stagnation; it also reveals underlying issues that impact citizens' everyday lives, the ...