Economic growth

A genuine increase in an economy's output, which can be determined by converting nominal values to real values to see whether the economy is really growing or just experiencing inflation.

Stimulated when idle resources are allocated efficiently to productive investments, thereby stimulating aggregate demand and expanding the economy's productive capacity.

An increase in an economy's productive capacity and real national output over time, typically measured by the annual percentage change in Real Gross Domestic Product.

A market-based aim promoted through deregulation and free trade to create jobs and increase incomes, indirectly reducing poverty through the trickle-down effect.

A rise in output that FDI can drive by injecting capital, creating jobs and bringing advanced technology and managerial expertise, which boosts productivity.

The rate at which an economy grows, with the UK showing steady but relatively low growth and the BRIC nations often recording significantly higher rates.