37,892
Antigua and Barbuda: GDP per capita (constant LCU) 1,371 Oktober 25, 2020

Antigua and Barbuda: GDP per capita (constant LCU)

Name
(Google Translate)

GDP per capita (constant LCU)

Aggregationsmethode
(Google Translate)

Weighted average

Kategorie ...
Region
Land
(Google Translate)

Antigua and Barbuda

Statistiken: GDP per capita (constant LCU)

Periodizität Annual
Datum 1977 - 2019
Vorheriger Wert 36,521 (2018)
Wert 37,892 (2019)

Definition: GDP per capita (constant LCU)

(Google Translate)

GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.

Zeitplan - Antigua and Barbuda: GDP per capita (constant LCU) (1977 - 2019)

Relevanz der Entwicklung: GDP per capita (constant LCU)

(Google Translate)

Accounting for the contribution of natural resources to economic output is important in building an analytical framework for sustainable development. In some countries earnings from natural resources, especially from fossil fuels and minerals, account for a sizable share of GDP, and much of these earnings come in the form of economic rents - revenues above the cost of extracting the resources. Natural resources give rise to economic rents because they are not produced. For produced goods and services competitive forces expand supply until economic profits are driven to zero, but natural resources in fixed supply often command returns well in excess of their cost of production. Rents from nonrenewable resources - fossil fuels and minerals - as well as rents from overharvesting of forests indicate the liquidation of a country's capital stock. When countries use such rents to support current consumption rather than to invest in new capital to replace what is being used up, they are, in effect, borrowing against their future.

Einschränkungen und Ausnahmen: GDP per capita (constant LCU)

(Google Translate)

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Statistisches Konzept und Methodik: GDP per capita (constant LCU)

(Google Translate)

For more information, see the metadata for constant U.S. dollar GDP (NY.GDP.MKTP.KD) and total population (SP.POP.TOTL).

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