Definition: Linear approximation of the annualised growth rate

OECD - Data and Metadata Reporting

Linear approximation of the annualised growth rate is a quick calculation of the annualised growth rate that show the rate of change that would be measured for a quarter or month if maintained for a full year. Quarterly rates of change are multiplied by 4 and monthly rates of change are multiplied by 12.
Source:
Task force on data and metadata presentation for the OECD Short-term Economic Statistics Working Party (STESWP), Paris, 2004 [quoted in Organisation for Economic Co-operation and Development (OECD), "Data and Metadata Reporting and Presentation Handbook", OECD, Paris, 2007]
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