GDP Per Capita is a measure that represents the average economic output per person in a specific area, usually a country. It is calculated by dividing the total Gross Domestic Product (GDP) of a region by its population. This figure helps to assess the economic performance and living standards of a population. A higher GDP Per Capita often indicates a more prosperous economy, suggesting that individuals have access to more goods and services. However, it does not account for income inequality, so it may not fully reflect the economic well-being of all citizens within a country.