Economic growth rate

(redirected from Economic Growth Rates)

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.
References in periodicals archive ?
Global port throughput growth has outpaced economic growth rates over the last 10 years, with containerisation of cargo and increasing vessel sizes coupled with supporting infrastructure at ports all contributing to growth.
Speaking in Dubai at the Arab Strategy Forum, he said oil prices will impact these figures of economic growth rates in the region.
Unless it achieves 5 percent economic growth rates, the Macedonian economy will take decades to reach the European standard.
He said the economic growth rates reached 6 or 7 percent before 2010, but such rate was not fair for all the categories of the Egyptian people.
The economic growth rates of industrialized states which possess around 51 percent of global oil consumption edged down from 1.5 percent in 2012 to 1.2 percent in 2013, the report showed.
has warned that African economies will not sustain the current high economic growth rates driven by consumption of goods and services, which has partly lowered the manufacturing capacity.
Akeel attributed this to the high economic growth rates achieved by the Kingdom, which are by far faster than the global rates, stressing that Saudi Arabia is growing as a result of the ecosystem stability, increased economic activity rates, and high domestic and foreign investment.
Rising prices of energy resources in Armenia may affect the economic growth rates, Finance Minister of Armenia
General measures to prevent economic slowdown, negative climatic and natural conditions for agricultural sector, significant reduction of production volume at Kumtor mine allowed to prevent deep economic crisis, however, it was impossible to slow down economic growth rates. Total volume of income of state budget comprised 86.7 billion soms in 2012, the sum amounted 96.8% of established plan task.
It can be attributed, in large part, to the fact that economic growth rates in emerging markets have far outpaced the anemic growth rates we've seen in developed markets.

Full browser ?