Calculate GDP growth rates and economic development metrics
GDP Growth Rate: The percentage increase in Gross Domestic Product over time, indicating economic expansion.
Real vs Nominal Growth: Real growth is adjusted for inflation, showing true economic expansion.
GDP per Capita Growth: Economic growth per person, accounting for population changes.
Rule of 70: Doubling time ≈ 70 ÷ growth rate. Time needed for economy to double in size.
Sustainable Growth: Typically 2-4% annually for developed economies, higher for developing countries.