Definition Growth rate

In time series, growth rates denote the change in a variable in a certain point in time compared to a previous point in time. For instance, it is common to look at the annual growth rates of the GDPs of countries to draw conclusions about the state of their economies. Growth rates are often given in percentages.

Please note that the definitions in our statistics encyclopedia are simplified explanations of terms. Our goal is to make the definitions accessible for a broad audience; thus it is possible that some definitions do not adhere entirely to scientific standards.

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