Economic 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.
References in periodicals archive ?
The main work is the forecast the Chinese green economic growth rate by using time-varying correlation coefficient.
Interestingly United States where due to presence of large number of migrants from developing countries giving high fertility rate and low life expectancy aging will occur at slower rate, hence other things remaining the same economic growth rate particularly at this count will not be affected.
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Regarding Iran's economic growth rate during the above mentioned period, Hosseini insisted: "The Central Bank of Iran has estimated the country's annual growth rate to be around 4.
Iran's Economy Minister Shamseddin Hosseini said after Tehran delayed in announcing its economic growth rate, and the World Bank and the International Monetary Fund have embarked on announcing the figures on their own, instead of waiting for Iran's announcement.
In April, the BOT forecast that the country s economic growth rate for Y 2010 would be about 4.
ANKARA, Jul 5, 2010 (TUR) -- Turkey's deputy prime minister said on Monday that Turkey had achieved an economic growth rate above expectations and its inflation figures were in decline.
Summary: The minister of labour, Employment and Social Security Tayeb Louh stressed Tuesday here that non-hydrocarbon economic growth rate will remain stabilized around 6% during the next five-year plan (2010-2014).
The economic growth rate in Vietnam is high and a lot of foreign investments are being made in this country," said Mr.

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