GDP Growth - Hutchinson encyclopedia article about GDP Growth Printer Friendly
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economic growth
(redirected from GDP Growth)

   Also found in: Financial, Encyclopedia, Wikipedia 0.03 sec.

economic growth

Rate of growth of output of all goods and services in an economy, usually measured as the percentage increase in gross domestic product or gross national product from one year to the next. It is regarded as an indicator of the rate of increase or decrease (if economic growth is negative) in the standard of living.



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? Mentioned in ? References in periodicals archive
 
According to Eurostat, with the exception of Malta, the new members had GDP growth rates well above the EU15 average of 1.
A slowing in GDP growth in China due to slower growth of the population and labor force, and because of slowing productivity growth as convergence occurs, easily could bring GDP growth to about 8 percent, in a still very optimistic case.
As an example, the accompanying chart plots GDP growth from 1980 through 2005 for two sets of the world's countries.
 
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