Comparison of GDP Per Capita in Brazilian States (1940 - 2024)

Animated running chart listing the GDP per capita of Brazilian states, from 1940 to 2024. Source: IBGE How is GDP per capita calculated? GDP per capita is calculated by dividing the total GDP of a country or region by the number of its inhabitants. This simple formula provides an estimate of the average economic output per person and is a useful indicator for assessing a population's standard of living. Formula: Code GDP per Capita = Total GDP / Number of Inhabitants How it works in practice: 1. GDP Value: First, you need to know the total value of a country's Gross Domestic Product (GDP), which represents the sum of all final goods and services produced in a given economy over a period. 2. Number of Inhabitants: Next, divide this value by the total number of people living in that country. What it represents: Average Contribution: The result shows the average contribution of each inhabitant to the total wealth produced. Standard of Living: Although it is an average, GDP per capita is often used as an indicator of how well a population lives on average, suggesting greater or lesser consumption capacity or level of well-being. Limitations of the Indicator: Income Distribution: GDP per capita does not provide information on the distribution of wealth and can hide inequalities. A country may have a high GDP per capita, but wealth may be concentrated in the hands of a few. Non-Monetary Factors: It does not include factors that contribute to well-being, such as unpaid domestic work or the quality of public health and education services. Unregistered Activities: It does not cover informal or unrecorded economic activities, which can distort the real value of production. List of Brazilian states by GDP per capita: Rio de Janeiro São Paulo Rio Grande do Sul Santa Catarina Mato Grosso Paraná Pará Goiás Espírito Santo Minas Gerais Pernambuco Piauí Maranhão Amazonas Paraíba Ceará Alagoas Rio Grande do Norte Sergipe Bahia Federal District Acre Mato Grosso do Sul Rondônia Tocantins Amapá Roraima