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What is an 'Economic Growth Rate' An economic growth rate is a measure of economic growth from one period to another in percentage terms. This measure does not adjust for inflation; it is expressed in nominal terms.
Industry overall grows about the same rate as the economy, which is 2-3% in a good year. It's only the outside forces, like investors or banks, that demand certain growth rates. If you own it yourself, you demand that growth of yourself. By the way, 20 percent+ is outstanding growth, 7-8 percent per year is higher than average.