GDP per capita over the long-run is primarily driven by the quantity and quality of land, labour and capital and entrepreneurship.

The consensus view is that GDP in the short-run is primarily driven by consumer and business confidence.

GDP per capita is measured by dividing the value of goods and service produced over a period with the total population.

GDP

per capita is a key measure of the quality of life in a country (especially

when you control for changes in the cost of living).