Advice 1: How to calculate GDP per capita

Today, GDP on soul of the population is one of the macroeconomic indicators, which fully reflects the standard of living of the population of a particular country. Of course, gross domestic product reliably characterizes the economy of the state, but its high level does not give an idea about its effectiveness.
How to calculate GDP per capita
Instruction
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The need for the calculation of GDP on soul of the population has a clear rationale. It's one thing when a GDPequal to us $ 2 billion, is made in the state with number of population 200 million people, and quite another when the same amount of GDP generated in a country with a population ten times smaller.
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To determine GDP on soul of the population, you need to make a simple calculation: divide the total gross domestic product for the total number of the population of the country. So you know what amount of goods and services in terms of value generated in the economy per person. Russia 's GDP on soul of the population occupies the 34th place in world ranking.
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GDP on soul of the population you can also calculate by purchasing power parity. Purchasing power parity is the ratio between the two currencies of different countries, which is calculated on the basis of their purchasing power relative to some amount of goods and services. For example, one and the same set of goods and services in Ukraine is UAH 500, while US $ 100. In this case, the purchasing power parity is 5 UAH per dollar, i.e., for 5 hryvnia in Ukraine, you can buy the same set that for 1 dollar in the United States. While the exchange rates of these countries can significantly deviate from parity. Therefore, you should understand that purchasing power parity is an indicator used by statistical organizations in the calculations, and the exchange rate is a real tool of the world economy. Our country 's GDP on soul of the population at purchasing power parity is on the 36th place.
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But at the same time, you should be aware that GDP on soul of the population is not the only indicator of the effectiveness of the country's economy and quality of life of the population. It is not considered an ideal indicator of the development of the country, although to use when analyzing it.

Advice 2: How to calculate real GDP

Gross domestic product (GDP) can be nominal or real. The second is more suitable for comparisons between countries and in different periods of time, as shows the actual level of economic development adjusted for inflation (change in price level). Nominal and real GDP are calculated in monetary units (roubles, dollars).
To calculate real GDP
You will need
  • Росстат
  • http://www.gks.ru/wps/wcm/connect/rosstat/rosstatsite/main/
  • МВФ
  • http://www.imf.org/external/index.htm
  • Книга фактов ЦРУ
  • https://www.cia.gov/library/publications/the-world-factbook/index.html
Instruction
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Roughly speaking, to calculate real GDP, you need to "clear" nominal inflation. When calculating real GDP the base year is possible to take any year including and located chronologically before the current one. For example, for historical comparison, we can calculate the real GDP 2000 prices in 2010, in this case, the base year will be 2010.
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For calculation it is necessary to know the nominal GDP of the base year. You can use the research of Rosstat (if you need data only for RF), and the IMF, the world Bank or the world book of facts CIA. To get the figure of real GDP, we need the nominal GDP divided by the General price level (calculated as a price index).
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The most common price indices for calculating real GDP uses the consumer price Index (CPI), which is calculated based on the value of the products included in the market basket (average amount of goods consumed by the average family per year). In developed countries, the consumer basket includes 300-400 items of goods and services. Data on the CPI can also be found on the Rosstat website and on the websites of statistical services of the countries that interest you.
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Also, in some cases when calculating real GDP can be used the producer price Index (PPI), which is calculated on the basis of data on the cost of intermediate goods (basket of goods) of raw materials. The main difference from the CPI is that this index covers only products (no services) and only at the wholesale level implementation.
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So, for the calculation of real GDP, the nominal GDP is divided by the index price, among which the most commonly used PPI and CPI.

Advice 3: How to calculate the dollar

Many people periodically encounter the need to convert their savings into dollars. Some people need it for an overseas trip, someone- for more convenient storage of tools, and someone does and gets paid in dollars. Everyone who has this currency is something, interested in the same question: how to calculate the exchange rate of the dollar?
How to calculate the dollar
You will need
  • calculator, currency Converter
Instruction
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Calculate how many dollars will match your ruble savings, you can own. For this on the Internet, on television or from information stands of any Bank know what the rate of dollar today. For example on 05.07.2011 year the exchange rate of the dollar against the ruble equal 27.8037, and you wish to convert in the $ 1,000 Russian rubles. For this, armed with a calculatorohms, divide 1000 by 27.8037, in the end we will get 35,9, that is how much you will receive by exchanging your thousand. If you want to reverse the procedure, i.e. to translate dollars into rubles, you need to multiply the number of available money you have in a number equal to the rate ofthe dollar. For example, the$ 50 will be leveled 1390 RUB. (50 must be multiplied by 27.8037).
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If you do not wish to make calculations independently, please contact the Bank. Before producing your currency exchange, they are required to report how much money you get in the end. If the current rate of the dollar does not suit you, you have the right to abandon the operation. In many modern cell phones have built-in currency converters. Using them is as simple as online converters on the Internet, but there is one caveat - you need a program to update, if the phone is not connected to the Internet, the data will be outdated, and the course of the dollar is very unstable and can change every day or even more often.
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You can use another, perhaps the most convenient way: of the program Converter. Such a program can easily find on the Internet for "currency Converter". Simply choose the desired currency, for example, from rubles to dollars, enter the amount in the special window, click "Translate" and get the result.
Useful advice
If you go to change currency, don't want to go to a few different banks, the exchange rates, they are insignificant, but to vary, it is in your best interest to choose more favorable.

Advice 4: What is GDP per capita

Modern man in his daily life is confronted with an abundance of economic information. Often it is very difficult to understand without special knowledge. For example, the problem may be ignorance of different terms and concepts commonly encountered such as "GDP per capita".
What is GDP per capita



First, you must understand what is GDP. This abbreviation stands for gross domestic product. This is one of the main indicators of economic development. This ratio consists of the market prices of all goods and services produced for final consumers on the territory of any country. GDP is usually calculated on a time period of year. The growth of this indicator, adjusted for inflation often means the economy growth, increase of volume of production and services. Therefore, most of the world, including Russia, seeking to increase its value.

Besides the GDP, there is associated another important economic indicator - the gross domestic product per capita. It is calculated by dividing the total cost of all items by the number of people living in the country. This figure is needed primarily in order to adequately compare the economic development of various countries based on population. GDP per capita is usually calculated in us dollars based on purchasing power parity of the local currency, i.e. is taken into account not just the market exchange rate and the quantity of goods that can be purchased at her.

GDP per capita could reflect another important indicator is labour productivity. But to do this, economists usually change the method of calculation and divide the cost of all goods not on the total number of the population, but only on the number of working citizens.

However, there are economists who criticize the calculation of GDP per capita from the point of view of the reality of this economic indicator. In particular, the controversy raises the question of whether it is legitimate to take into account the factor of development of economy the value of goods and services produced in the country firms, the head offices of which are located abroad. There is therefore a parallel indicator of economic development - GNP (gross national product). This index takes into account only goods and services produced by the organizations belonging to the national capital.


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