Economic growth refers to an increase in the size of a country's economy over a period of time. The size of an economy is typically measured by the total production of goods and services in the economy, which is called gross domestic product (GDP). Economic growth can be measured in 'nominal' or 'real' terms.
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Economic growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of... Wikipedia
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the "advance" estimate. In the first ...
Goal 8 is about promoting inclusive and sustainable economic growth, employment and decent work for all. Multiple crises are placing the global economy ...
Growth can best be described as a process of transformation. Whether one examines an economy that is already modern and industrialized or an economy at an ...