so we annualize it using the following formula: g₍annual₎ = (1 + g₍quarterly₎)⁴ – 1 Image source: The Motley Fool. The annual rate is equivalent to the growth rate over a year if GDP ...

The economy shrank 0.3% in the first three months of the year, a steep downturn from the pace of growth in 2024.

A high GDP isn’t necessarily indicative of the general population’s well-being, which is the metric that should matter most ...