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Why is GDP per capita not always the best measurement of development?

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Why is GDP per capita not always the best measurement of development?

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10

GDP per capita is usually shown in Dollars US so any fluctuation of excahnge rates can impact on the figures. As estimates and assumptions have to be made, the results produced by different organizations for the same country tend to differ, sometimes substantially. As with every fact based upon figures it can take no account of the people and their needs wishes etc. Large numbers of brazilians do not have a bank account for example. Many in brazil say that it is hard to get finance for small businesses out with the main commercial areas. In common with many countries there will be many who subsist and will continue to do so as the main areas and the country glow in the light of financial success – measured by the GDP You are correct when you say there is a very high measure of inequality in Brazil – If you want to read more about the GDP then see here http://en.wikipedia.org/wiki/List_of_cou

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