Instead of annualizing a quarterly rate, it's possible to calculate the year-on-year (YoY) annual rate, which is the percentage change in real GDP between a given quarter and the same quarter in ...

To calculate YOY growth, you can use this simple formula: YOY Growth (%) = (Current Year Value – Previous Year Value) / Previous Year Value x 100. For example, if a company’s revenue was ...

We can do both with one simple formula. How to use the projected growth rate formula There are three variables to consider with last year's sales provided in a company's financial statements.

This formula shows how an economic growth rate is calculated. Note that for this example, we'll look at GDP though the formula can be used for other types of measurements mentioned above.