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15 cards from this deck
Total value of goods/services produced per person per year
€400bn GDP ÷ 5m population = €80,000 per capita
Measures economic activity & standard of living
Makes comparisons meaningful for countries of different sizes
Higher GDP = better access to services & infrastructure
Average doesn't show variations in income distribution
Earthquake rebuilding raises GDP but doesn't mean development
Excludes unpaid caregiving & informal work
FDI in tech (Google, Facebook) & pharma (Pfizer, J&J)
Profits often not reinvested locally, inflating GDP figures
Oil exports & sustainable economic policies
Large economy but vast population lowers per capita figure
GDP per capita + education + life expectancy
Income inequality within a country
Higher due to concentrated economic activities (e.g. Luxembourg)
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