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English definition of “growth rate”

growth rate

noun [C]
 
 
ECONOMICS
a measurement of how fast something increases in size during a particular period: Developing countries report a high economic growth rate of 6% this year. The economy's growth rate has slowed from 3% to 2.5%. The agricultural sector has slowed from a growth rate of 7% to 3%.annual/quarterly/year-on-year growth rate The fund has achieved an average annual growth rate of 13.7% over ten years. the GDP/job/earnings growth rate a fast/healthy/high growth rate a low/slow/weak growth rate a sustainable/long-term growth rate
→ See also compound growth rate, projected growth rate
(Definition of growth rate from the Cambridge Business English Dictionary © Cambridge University Press)
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