/ˈævərɪdʒ/noun(written abbreviationav, written abbreviationav., written abbreviationave)
›[C]the result that you get by adding two or more amounts together and dividing this total by the number of amounts: daily/monthly/quarterly averageTrading was 297 million shares, down from the three-month daily average of 313 million shares.The state's unemployment rate remained well below the national average of 5.7 percent.an average ofIts economy has grown at an annual average of 3.6% for the past seven years. Regulators are careful to stress that the performance figures are only averages - some companies performed better. → Comparemean, median, mode
›[C or U]a level or standard that is considered to be typical for a particular place, group of people, type of business, etc.: above/below (the) averageOur companies' profitability is above the sector average.Most of these businesses match industry averages in job creation.
›STOCK MARKETan average that is based on a particular group of companies' shares, which is used to represent changes in the stock market or to show which types of businesses are getting the most investors: the industrial average
on average›typically or usually: On average, only about half of the consumers who qualify for a rebate actually collect it.