The trend over time.
What Real GDP Per Capita YoY measures.
The year-over-year percentage change in real GDP per person, from the BEA. It adjusts total output for both inflation and population growth.
It is a closer read on average living standards than total GDP. When the population grows quickly, total GDP can rise while output per person stalls.
Why it matters.
This number directly reflects whether your paycheck is keeping up with inflation and whether the economy has room to create more jobs. When it slows like this, it often precedes weaker hiring and wage pressure.