What does GDP growth mean here?
It applies a one-period growth rate to a starting GDP figure, showing the new level and the absolute increase in output.
// business-finance › Impact Metrics
See projected GDP after a one-period growth rate and the absolute change.
new GDP = current × (1 + growth%/100)
It applies a one-period growth rate to a starting GDP figure, showing the new level and the absolute increase in output.
This is the headline arithmetic. Real economics separates real from nominal growth (stripping out inflation) and compounds over many years, but the single-period maths is exactly this.
Yes, enter a negative growth rate to see GDP contract. A couple of negative quarters in a row is the rough definition of a recession.
Because it lets you compare economies of wildly different sizes. A 6% growth rate means the same proportional progress whether the economy is tiny or enormous.
Any consistent unit, usually billions. The calculator does not care about the unit; it just scales the number you give it.