What does economic growth mean?

Definitions for economic growth

Here are all the possible meanings and translations of the word economic growth.

Princeton's WordNet

  1. economic growth(noun)

    steady growth in the productive capacity of the economy (and so a growth of national income)


  1. economic growth(Noun)

    The growth of the economic output of a country.


  1. Economic growth

    Economic growth is the increase in the amount 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, in order to obviate the distorting effect of inflation on the price of the goods produced. In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e., production at "full employment". As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic aspects of the development process in low-income countries. See also Economic development. Since economic growth is measured as the annual percent change of gross domestic product, it has all the advantages and drawbacks of that measure.


  1. Chaldean Numerology

    The numerical value of economic growth in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of economic growth in Pythagorean Numerology is: 6

Sample Sentences & Example Usage

  1. Ronald Reagan:

    Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.

  2. Kang Joong-koo:

    Strong employment growth used to be a result of strong economic growth but in recent years, job growth has been led by a strong supply of labor, especially of the elderly, gROWTH WITHOUT WAGES.

  3. Med Jones:

    I would not bet against US innovation, entrepreneurship and business culture - The trinity that drives economic growth and recovery. Yes, we do face a major crisis, but we also do have a proven track record of recovery.

  4. Tasso Azevedo:

    We have learned over the years that this connection between economic growth and deforestation is not real, the period when we saw the fastest economic growth in Brazil is the same period when we saw the biggest decrease in deforestation.

  5. Paul Nolte:

    What you've done is thrown that entire area up for grabs, it will be very hard to see much in the way of economic growth if Greece has to go back to their currency, it would create a lot more chaos and take everybody's focus away from economic growth.

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Translations for economic growth

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