Economic growth rates measure how quickly a country's economy is expanding or contracting over a specific period, usually expressed as a percentage. This rate indicates the increase in the value of all goods and services produced, known as Gross Domestic Product (GDP). A positive growth rate suggests a healthy economy, while a negative rate may signal economic troubles. Governments and economists closely monitor economic growth rates to assess economic performance and make informed policy decisions. Factors influencing these rates include consumer spending, business investment, and government expenditure. Understanding growth rates helps predict future economic trends and guide investment strategies.