Growth in GDP per capita

Gross Domestic Product (GDP) per capita measures economic activity or income per person and is one of the core indicators of economic performance. GDP per capita is a rough measure of average living standards or economic well-being. Per capita GDP growth can be broken down into a part which is due to labour productivity growth (measured as GDP per hour worked) and a part which is due to increased labour utilisation (measured as hours worked per capita). Growing labour utilisation can have considerable impacts on the growth of GDP per capita. A slowing or declining rate of labour utilisation combined with high labour productivity growth can be indicative of a greater use of capital and/or of a decreasing employment of lowproductivity workers