As such, it's worth knowing what the headline statistic — the annual growth rate in real GDP — represents. Let's take a closer look at how to calculate this rate. Image source: Getty Images.

The compound annual growth rate (CAGR) of the salary is 4.14%. CAGR calculation captures consistent annual growth, allowing for industry comparison. Investor Alert: Our 10 best stocks to buy right ...

Estimate returns on FDs, PPFs, SIPs & more using a compound interest calculator. Understand how compounding affects different ...

Instead, CAGR would be 14.87% (see the next section for how to calculate CAGR). While CAGR might suggest that returns were lower than the simple growth rate suggests, they both lead to the same ...