Economic Growth Rate

Business, Legal & Accounting Glossary

Definition: Economic Growth Rate


Economic Growth Rate


Full Definition of Economic Growth Rate


The pace at which economic growth increases during a given interval. The quantities most commonly used to measure economic growth rate are Gross National Product and Gross Domestic Product. The growth in Gross Domestic Product is usually a good indication of economic growth, but in an economy for which earnings from overseas are substantial in relation to Gross Domestic Product, it is better to look at Gross National Product.


Examples of Economic Growth Rate in a sentence


The economic growth rate was really cool to track and we were all proud of what we were doing and how we did it.

You should always try and follow your economic growth rate and see if it is keeping up with what you had planned.

The economic growth rate was very sluggish in the French economy for the last four years, but the President hoped to see uptick soon.


Related Phrases


real economic growth rate
economic growth


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/economic-growth-rate/
Modern Language Association (MLA):
Economic Growth Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/economic-growth-rate/.
Chicago Manual of Style (CMS):
Economic Growth Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/economic-growth-rate/ (accessed: March 29, 2024).
American Psychological Association (APA):
Economic Growth Rate. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/economic-growth-rate/

Definition Sources


Definitions for Economic Growth Rate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 30th October, 2021 | 0 Views.