annual growth rate
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Definition
The annual growth rate is a measure of the percentage change in the value of a quantity, such as economic output, population, or investment, over a specified period, typically one year. It is calculated by taking the difference between the final value and the initial value, dividing by the initial value, and then multiplying by 100 to express it as a percentage. This metric is commonly used in economics, finance, and demography to track and compare growth trends over time.
Synonyms
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yearly growth rate
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annual increase rate
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annual expansion rate
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year-over-year growth
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annual progression rate