Macroeconomics
GDP Growth Rate
Definition
What is GDP Growth Rate?
The percentage change in gross domestic productThe total market value of final goods and services produced within a country during a period. over a period.
Example in practice
How This Looks in Practice
A 3% real GDPGross domestic product adjusted for changes in prices. growth rate indicates economic expansionA phase of rising output, employment, income, and business activity..
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Related Terms
Macroeconomics
Gross Domestic Product
The total market value of final goods and services produced within a country during a period.
MacroeconomicsReal GDP
Gross domestic product adjusted for changes in prices.
MacroeconomicsNominal GDP
Gross domestic product measured at current prices without adjusting for inflation.
Market SentimentRisk-On Market
A market environment in which investors favour higher-risk assets.