growth rate
The term "growth rate" is widely used to measure how fast a particular variable increases or decreases over time, often expressed as a percentage.
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Definition
B2General
The percentage change in a specific variable within a specific time period.
Example
- The growth rate of the city's population has been steady at 2% per year.
C1Economics
(technical)The rate at which an economy's gross domestic product (GDP) increases over a set timeframe.
Example
- The country's GDP growth rate was 3% last year.
C1Business
(technical)The speed at which a company's revenue, profits, or other financial metrics increase over a designated period.
Example
- The startup's revenue growth rate has been impressive, doubling every year.
Similar
Terms that have similar or relatively close meanings to "growth rate":