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Economic Growth Rate |
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Economic growth rate The annual percentage rate of change in the Gross National Product. Economic Growth Rate The change in a nation's GDP from one period of time (usually a year) to the next. The economic growth rate shows by how much GDP has grown or shrunk in raw dollar amounts. It is considered one of the most important measures of how well or poorly an economy is performing. It is calculated thusly: Economic growth rate = (GDPyear 2 - GDPyear 1) / GDPyear 1 * 100 The economic growth rate does not adjust for inflation; therefore, the real economic growth rate is sometimes considered more accurate. One may use GNP instead of GDP in calculating the economic growth rate, but this is rare. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Amgen and other technology companies should help the county continue to prosper, the report said, and Watkins predicted the county's economic growth rate would be 3. Partly as a result, Africa enjoyed an overall economic growth rate fast year of 5 to 6 percent, twice that of the U. Plastic production increased 14 percent in India in 2005, outpacing the country's economic growth rate of nearly 8 percent. |
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