Dictionary of Business Terms: economic growth rate
economic growth rate
rate of change in the Gross Domestic Product (GDP), as expressed in an annual percentage. If adjusted for inflation, it is called the real economic growth rate.
Dictionary of Finance and Investment Terms: economic growth rate
economic growth rate
rate of change in the Gross National Product, as expressed in an annual percentage. If adjusted for inflation, it is called the real economic growth rate. Two consecutive quarterly drops in the growth rate mean recession, and two consecutive advances in the growth rate reflect an expanding economy.
