A Latin phrase literally meaning “by heads,” and translated as “for each person.” It is a common unit for expressing data in statistics. A country's per capita personal income, for example, is the average personal income per person.
Per Capita
A Latin term that translates into "by head," basically meaning "average per person."
Investopedia Commentary
Often the term is used to express a country or region's income level. For example, consider a fictional region that has a collective income of $1 000 000 and 20 residents. The per capita income, or average income per person, is $50 000.
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Economics Basics Tutorial
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See also: Economics, Income, Mean, Standard Deviation