GDP (Gross Domestic Product) is the main index to measure the economic scale and economic activity level of a country or region. Per capita GDP is to divide GDP by the number of permanent residents at the end of the year to reflect the per capita economic output level. This indicator represents the average economic output of everyone, not the actual income of individuals. High GDP per capita does not mean that everyone's real income is high, because the inequality of wealth distribution is not considered.
Per capita GDP is an important indicator to understand the economic situation of a country or region. It can reflect the economic scale and per capita economic output level of this region. However, per capita GDP cannot fully reflect the living standard or welfare level of residents in a region. For example, a country's wealth is highly concentrated, even if the per capita GDP is high, the actual living standards of ordinary people may not be high. Therefore, when evaluating the economic situation, we should not simply rely on per capita GDP, but also consider other factors, such as income distribution, quality of life and social welfare.
To sum up, per capita GDP does not refer to annual income, but refers to the situation that the market value of all final goods and services produced by a country or region is evenly distributed to every resident within one year. The index is an important tool to measure the level of economic output and economic activity, but it cannot fully represent the actual living standard or welfare status of residents. When evaluating the economic situation of a region, besides GDP per capita, other factors should be considered, such as wealth distribution, quality of life and social welfare.
Legal basis:
The Statistics Law of the People's Republic of China
Article 19
Statistical data should be true, accurate and complete. It is forbidden to resort to deceit or tamper with statistical data. The collection, processing, submission and publication of statistical data shall conform to the provisions of laws and administrative regulations and the requirements of national statistical standards and systems.