The Per capita income of a country would be approximately, $27,600 if it's GDP is $94 Billion with a population of 3,045,813.
The per capita income of any country is measured by dividing the total GDP by the total number of approximate population, as in this case,
GDP = $94 billion
Total population = 3,405,813
per capita income would be, $27,600.
In a geographic region or a country or city or a village, the income earned by person person on an average is termed as Per capita income, this index is used to make an estimate of the standards of living of a region.
for example; the US had an estimated population of 328 million, in 2019. and it's GDP was valued at $21.43 trillion. Thus, according to calculation it's average per capita income stands at, $65,335, in 2019.
To know more about, GDP and per capita income, click here-
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