Meaning of “growth rate” in the English Dictionary

business-english dictionary

"growth rate" in Business English

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growth ratenoun [ C ]


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.
a fast/healthy/high growth rate

(Definition of “growth rate” from the Cambridge Business English Dictionary © Cambridge University Press)