What is Economic Growth

An increase in the total amount of goods and services produced per head of the population of a specific country over a year, it can be measured in terms of Gross Domestic Product (GDP). Learn more in: Building a Diversified and Sustainable Economy in Kazakhstan: Towards the Green Economy Through a Triple Helix Approach

Represents the annual rate of increase in national income in a country. Foreign trade transactions are also included. Learn more in: The Effect of Health and Education Expenditures on Poverty: The Case of Central and Eastern European Countries

Increase in Nigeria’s capacity to produce goods and services (gross domestic product), compared from one period of time to another. Learn more in: Defense-Education Expenditure Nexus in Economic Growth of Nigeria

Generally economic growth means sustained rise of income. Later on, economists argue it should be sustained rise of per capita income. With the increases of inflation some economists opined for getting better measurement of development we should consider real per capita income. Which can be obtained by subtracting the inflation from nominal per capita income. In this paper gross domestic product per capita growth is being considered as economic growth. Learn more in: Military Expenditure and Economic Growth Relationship Revisited in Some South Asian Countries: With Special Reference to India

Is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Growth is usually calculated in real terms (i.e., inflation-adjusted terms) to eliminate the distorting effect of inflation on the price of goods produced. Learn more in: Taxation Regime and Macroeconomic Systems' Dynamics

It refers to the growth rate of GDP over the periods. Learn more in: Economic Effects in Islamic Stock Development of the European Countries: Policy Recommendations for Ethical Behaviors

Economic growth is defined as the rate of change in the inflation-adjusted market value of the goods and services produced by an economy over time. It is measured as the percent rate of increase in real gross domestic product, or real GDP, usually in per capita terms. Learn more in: Internet Use and Economic Growth: Evidences From Lower Middle Income and Low Income Countries

Increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP, usually in per capita terms. Learn more in: Financial Infrastructure and Economic Growth

It shows the per cent change of any economic variable in a given time point vis-à-vis a base time point. Learn more in: Conflict Risk and Defense Expenses and Their Impact on the Economic Growth

10.

11.

Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation. Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP), although alternative metrics are sometimes used. Learn more in: Human and Military Development: A Paradox Analyzed in the Context of India

12.

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another. Economic growth can be measured in nominal terms, which include inflation, or in real terms, which are adjusted for inflation. For comparing one country's economic growth to another, GDP or GNP per capita should be used as these take into account population differences between countries. Learn more in: Causal Relationship between Foreign Direct Investment and Economic Growth: Evidence from Turkey

13.

A country, increasing the amount of scarce resources owned or limit the expansion of the production facilities by improving their quality. Or a country has to change its production technology to reach higher production levels. Learn more in: The Relationship Between Financial Development, Innovation and Economic Growth

14.

Economic growth is an increase in the production of economic goods and services, compared from one period to another. Learn more in: Impact of Global Pattern on the EU Economic Growth and Urbanization

15.

The increase in an economy’s production possibilities frontier over time. There are three main causes of economic growth: increases in the stock of capital; technological progress embodied in new capital equipment; and growth in labor input due primarily to population growth, immigration, and changes in participation rates. Learn more in: Major Macroeconomic Dynamics for Labor Market in Turkey: A Causality Analysis

16.

The increase in the amount of the goods and services produced over time. It is measured as the percent rate of increase in real GDP. Learn more in: Business Ethics in Latin America and Its Impact on Sustained Economic Growth

17.

18.

Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation. There are three major factors that can drive economic growth of any society. They are accumulation of capital stock, increases in labor inputs, such as workers and/or hours put in for work, and technological advancement. Learn more in: Exploring Culture and Entrepreneurship Nexus in Peacebuilding: Beyond Fragility of Institutions as Source of Conflict

19.

Economic growth basically refer to an increase in the amount of goods and services produced per head of the population over a period of time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP, after taking into account the inflation-adjusted market value of the goods and services produced by an economy over time. Learn more in: Changing Patterns of Energy Use and Its Linkage With Some Macroeconomic Variables in India and China

20.

Economic growth has also been driven by productivity gains. That measures how much each hour of worker time produces in output. Its free market economy encourages technological innovations. Learn more in: Energy Security and Economic Growth in South Asia: An Alternative Policy Option

21.

The increase in the production of goods and services in a country during a period of time. Learn more in: Value Creation, Innovation, and Entrepreneurship: Feedback Effects

22.

The measure of percent rate of increase in real gross domestic product (GDP) or real GDP. Learn more in: Current Trends in Human Capital Formation

23.

Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. Learn more in: Trend and Impact of Military Expenditure on Economic Growth in South Asia

24.

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Learn more in: Re-Examining the Impact of Financial System on Economic Growth: New Evidence From Heterogeneous Regional Panels

25.

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. The economic growth rate is calculated from data on GDP estimated by countries´ statistical agencies. Investment in social and physical infrastructure increases potential output for all goods and services in the country and thereby facilitates economic growth process. Learn more in: Availability of Infrastructure Facilities in India: Prospects and Challenges

26.

Is defined as an increase in per capita income of people in a given area over a period of one year. Learn more in: An Overview of Population Growth and Sustainable Development in Sub-Saharan Africa

27.

Real GDP per capita growth rates, usually measured at constant prices with respect to a base year. Learn more in: Renewable Energy and Economic Growth: An Overview of the Literature

28.

Is the positive increase in the value of goods and services produced in a national economy. It is generally delineated as the GDP growth. GDP is the total value of goods and services produced in an economy over the course of a period, generally one year. Learn more in: Foreign Direct Investment in the Cement Industry of Turkey: Overall Contribution by Multinational Businesses and Potential Impacts on the Economy

29.

Economic growth means an increase in the amount of goods and services produced per head of the population over a period of time. It refers to the rise in the value of everything produced in the economy. It implies the yearly increase in the country’s GDP or GNP, in percentage terms. It alludes to considerable rise in per-capita national product, over a period (i.e., the growth rate of increase in total output) must be greater than the population growth rate. Learn more in: Dynamics of Public Expenditure on Defense and Economic Growth Pattern in Developed and Developing Countries

30.

It is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. Economic growth could be measured nominally or really with eliminates the effect of inflation. Learn more in: The Impact of Infrastructure on Growth in Developing Countries: Dynamic Panel Data Analysis

31.

It is the percentage change in GNP or per capita GNP with respect to the values in the base period. Learn more in: The Relationship Among Military Expenditure, High Technological Product Exports, and Economic Growth: An Econometric Analysis for Selected Economies

32.

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another. Economic growth can be measured in nominal terms, which include inflation, or in real terms, which are adjusted for inflation. For comparing one country's economic growth to another, GDP or GNP per capita should be used as these take into account population differences between countries. Learn more in: Financial Development and Economic Growth: Panel Data Analysis

33.

Economic growth of a nation is generally measured by the growth of per capita income or real GDP. It provides the first hand measure of the level of standard of living of the population of a particular nation. Economic growth captures only the GDP or income growth and so it is a necessary but not a sufficient condition for development of a nation. Learn more in: Trade Liberalization, Infrastructure Development, and FDI in India and China

34.

It is calculated the difference between gross domestic product amount of the country in different periods. It is accepted as the most important indicator of the economic performance of the countries. Learn more in: Evaluating the Role of Research and Development and Technology Investments on Economic Development of E7 Countries

35.

An increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Learn more in: India's Trade and Development Strategies With BRCS, EAC, and SCO in the Era of Globalization

36.

The increase in the production of goods and services in a country during a period of time. Learn more in: Social Entrepreneurship and Income Distribution

37.

The increase of the relative performance of an economy, given by the improvement of different measures such as GDP, GNI, and others. Learn more in: Technological Change and Innovation in Latin American Emerging Economies: The Pork Industry of Antioquia, Colombia

38.

Economic growth means an escalation in the amount of goods and services produced per head of the population or per capita GDP over a period of time. It refers to the rise in the value of everything produced in the economy. It implies the yearly increase in the country’s GDP or GNP, in percentage terms. It indicates to considerable rise in per-capita national product, over a period, i.e. the growth rate of increase in total output, must be greater than the population growth rate. Learn more in: Defense Expenditure and Economic Performance in SAARC Countries

39.

It can be defined as the increase in the capability of an economy to produce goods and services from one period to another. It can be measured either in nominal terms or in inflation adjusted real terms. Typically, GDP or GNP is taken as a measure of economic growth. In notational terms, GDP growth rate, g t , AU54: Mathtype 7 where, t indicates the particular time point. Learn more in: Left-Wing Extremism From the Indian Perspective: An Econometric Interpretation

40.

Economic growth of a nation is generally measured by the growth of per capita income or real GDP. It provides the first-hand measure of the level of standard of living of the population of a particular nation. Economic growth captures only the GDP or income growth and so it is a necessary but not a sufficient condition for development of a nation. Learn more in: Relationship Between Military Expenditure, Economic Growth, and Social Expenditure in India, China, and Bangladesh

41.

Is the increase in the market value of the goods and services produced by an economy over time. Learn more in: Implications of the African Continental Free Trade Agreement (AfCFTA) on the Economy of African States

42.

The increase in the market value of the goods and services produced by an economy within a given time period; it is measured as the percentage rate of increase in real gross domestic product. Learn more in: Global Market Trends

43.

Economic growth refers to an increase in real GDP. Learn more in: The Causality Relationship Between Natural Gas Consumption and Economic Growth in Caucasus and Central Asian Economies With Natural Gas Exporters

44.

Growth is the increase in output of an economy or number of industries established in an economy. Learn more in: Military Expenditure, Economic Growth, and Foreign Policy Implications: The Case of Ghana and Nigeria Within the ECOWAS, 1986-2016

45.

An increase in real gross domestic product, which means an increase in the value of national output/national expenditure. Economic growth is an important macroeconomic objective because it enables increased living standards and improved tax revenues, and helps to create new jobs. Learn more in: Social Organizations in Health: Public-Private Facilities Management

Find more terms and definitions using our Dictionary Search.

Economic Growth appears in: