The economic growth of a country is a generally positive indicator of the progress and advancement of the nation. It is a generally accepted economic measure across the world making it a critical evaluation tool of a government’s success in improving the livelihood of its citizenry.
According to the World Bank, economic growth is the increase in the aggregate production of an economy, typically measured by a rise in national income or gross domestic product. The growth can lead to higher incomes, increased consumption, and an improved standard of living.
