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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.
The current U.S. GDP growth rate is 2.6 percent. That means the United States economy grew at a rate of 2.6 percent in the fourth quarter of 2017. The fourth quarter was October through December. It is within the ideal growth rate of between 2-3 percent.