Statistical Insights: What does GDP per capita tell us about households’ material well-being?

OECD Statistics Directorate Although GDP per capita is often used as a broad measure of average living standards, high levels of GDP per capita do not necessarily mean high levels of household disposable income, a key measure of average material well-being of people. For example, in 2014 Norway had the highest GDP per capita in … Continue reading Statistical Insights: What does GDP per capita tell us about households’ material well-being?