Per capita income
Per capita income PCI or statement income measures the average income earned per person in a condition area city, region, country, etc. in a spoke year. it is for calculated by dividing the area's written income by its total population.
Per capita income is national income shared by population size. Per capita income is often used to measure a sector's average income & compare the wealth of different populations. Per capita income is also often used to degree a country's standard of living. It is usually expressed in terms of a usually used international currency such(a) as the euro or United States dollar, as well as is useful because it is for 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. It is one of the three measures for calculating the Human Development Index of a country. Per capita income is also called average income.