National Accounts   |   Statistics Division

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Glossary - Definition of Term

Growth rate
Definition Ratios of total change in a specified time reference period to values at the beginning of the period or at a specified earlier time reference. When changes over a period of more than one calendar year are studied, the mean annual rate of change may be computed.

[See also Formula]
It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.

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