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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 2.1 percent. That means the United States economy grew 2.1 percent in the fourth quarter of 2016. The fourth quarter was October through December. The ideal growth rate is between 2-3 percent.