ULOGA I ZNAČAJ POKAZATELJA PRIVREDNOG RASTA
THE ROLE AND IMPORTANCE OF ECONOMIC GROWTH INDICATORS

Summary/Abstract: In practice, economic growth and economic development are often used as synonyms. However, these two concepts are significantly different, because economic development is a much broader concept than economic growth. Economic growth implies a constant increase in the production of goods and services at the level of a country, i.e. an increase in the GDP of a country compared to the previous period. Economic growth, therefore, shows quantitative changes in material production in a country expressed through the growth rate. There are a large number of indicators that can be used to quantify the growth and development of a particular economy, but in practice the following indicators are most often used: Gross Domestic Product, GDP per capita, Employment and Unemployment Rates, Investments, Productivity, Foreign Trade Exchange, Inflation and Savings Rate. This paper explores from a theoretical point of view economic growth indicators and their practical application in the economy and economic policy of the country.

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