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Economic Growth Rate
(redirected from GDP Growth Rate)

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Economic growth rate

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.


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Economists said the higher expansion suggests that India has managed to recover quickly from the impact of the global financial crisis, which pulled down the GDP growth rate to 6.
In comparison, in 2005-2010 the average GDP growth rate was 1.
Central Bank's survey of expectations also said that the year-end GDP growth rate was expected to reach 5 percent.
 
 
 
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