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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.
Population growth in global perspective. the richest countries of the world - including the U.S., Canada, and the nations of Europe - have growth rates below 1 percent. The nations of Latin America and Asia typically have growth rates around 1.5 percent, a rate that doubles a population in forty-seven years. Africa has an overall growth rate of 2.4 percent, which cuts the doubling time to twenty-nine years.