GDP stands for Gross Domain Product is divided by the total population in the country. At the same time, income per capita is a measure of income earned per person in a country within a certain period. GDP per capita is the gauge of the total output of a country where the Gross Domestic Product is divided by the country's total population. GDP per capita is a commonly utilized economic activity measure and becomes extremely useful when comparing one country to another.
GDP is the monetary worth of all goods and services delivered in a period, such as quarterly or yearly. In GDP, the output is calculated as per the country's geographical location, mostly in a country. The income per capita is quantified as per the geographical location of production, mainly in a country. The income per capita is a measure of income earned by each person in each area, preferably in a country within an allotted period. It is computed as income per capita= Income/Population.
Revenue is the addition of all incomes obtained by producing goods and services in the market during a year. Wages and salaries from work and self-employment revenues from companies, interest to lenders of capital, and rents to landowners are considered sources of income. The income per capita is also calculated using GDP, a more common method as GDP is deemed to be equal to the total measure earned by a country. With GDP, income is divided by the total population to arrive at income per capita.