Economic growth rate

(redirected from GDP 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 ?
1% y/y in 2015, the lowest rate since the start of record keeping on non-oil GDP growth rates in 2000.
Summary: Oil-importing Arab countries need to create seven million jobs through 2018 to cut soaring unemployment levels, but are unlikely to achieve that target with modest GDP growth rates, according to the International Monetary Fund (IMF).
The Macedonian business community expects the economy to close this year with an economic growth rate of more than 2 percent based on the increased export to the EU member states whose consumption is expected to rise and also as a result of the positive statistics about the GDP growth rates in the first two quarters of 2013.
This is not surprising since these countries also experienced the same kind of astonishing high GDP growth rates in US dollar terms in which local currency appreciations played a crucial role.
After many years in which household income growth lagged the high GDP rates of the 1980s, it began to exceed the much lower GDP growth rates of the next decade, and this was magnified by the twin forces of deflation and a declining population.
In its latest report, GI cut its forecast of the GDP growth rates of the U.
The convergence hypothesis states that, while there is initially a large gap in GDP growth rates between less developed countries and industrialized countries, that gap will tighten and LDCs will converge with rich countries because LDCs can observe what works successfully and employ those same exact techniques for their economy.
In contrast to this declining trend, our regional competitors that include Bangladesh, India and Sri Lanka, have shown signs of decreasing instability and increasing trend in GDP growth rates over the last 50 years, the statement added.
Analyzing GDP growth rates trend between the two countries during the period; it is shown that it is higher in India though both countries almost have the same trend.
Supported by the high GDP growth rates that surpassed population growth rates, Per Capita GDP has improved significantly from JD1,785 (US$2,520) in 2006 to JD1,961 (US$2,769) in 2007, an increase of 9.
Real GDP growth rates have produced readings in the 2 percent range since fiscal 2003.
What's more, Diener finds that GDP growth rates are negatively correlated with the affect questions, meaning that as GDP growth goes up, positive response rates for the affect questions go down.