The GDP growth rate, according to the formula above, takes the difference between the current and prior GDP level and divides that by the prior GDP level. The real economic (real GDP) growth rate ...

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 GDP growth rate is a crucial economic indicator that ... adjusted to exclude indirect taxes and include government subsidies. Formula: GDP at Factor Cost = GDP at Market Price − Indirect ...