Economic growth is generally measured by:

Economic growth is primarily measured by the increase in Gross Domestic Product (GDP) over time. GDP represents the total value of all goods and services produced within a country during a specific period. By evaluating the changes in GDP, economists can assess the health and performance of an economy. An increase in GDP suggests that the economy is expanding, indicating that businesses are producing more, jobs are being created, and income levels may be rising.

Other potential measures, such as population growth or trade balance, do not provide a direct and comprehensive view of overall economic performance. While increases in exports can contribute to GDP growth, the relationship is not as direct. Similarly, rising interest rates generally signify attempts by central banks to control inflation and stabilize the economy, not a measure of its growth. Therefore, tracking GDP growth over time remains the most widely accepted method for gauging economic advancement.