GDP Growth

GDP growth refers to the increase in the total value of goods and services produced by a country over a specific period, usually a year. It reflects the economy’s overall health and expansion. When GDP grows, it indicates that businesses are producing more, employment opportunities are increasing, and incomes are rising. Conversely, slow or negative growth suggests economic challenges. Monitoring GDP growth helps policymakers, investors, and citizens understand economic performance, plan for the future, and make informed decisions. Essentially, it measures the size and vitality of a country's economy over time.