File:Historic_world_GDP_per_capita.svg · Wikimedia Commons · See Wikimedia Commons
economic growth
Sign in to saveAlso known as economic expansion
measure of increase in market value of goods
Economic growth is a measure of how much the total market value of goods produced in a country increases over time. It matters because it generally indicates whether an economy is expanding and producing more, which can affect living standards and opportunities for people.
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Wikidata facts
- Subclass of
- recession
- Part of
- carbon price
- Image
- Creative Economics The system of economic growth in developed regions.PNG
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- topic's main category
- Category:Economic growth
- Commons category
- Economic growth
- opposite of
- recession
- different from
- steady-state economy
- has effect
- overconsumption
- has cause
- economic globalization
- facet of
- economic development
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Encyclopedic overview
Historic world GDP per capita Countries by real GDP growth rate in % for 2024 (IMF WEO database)
Real GDP per capita growth in % for 2024
Excerpted from Wikipedia’s “economic growth” article, available under the CC BY-SA 4.0 licence.
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