The growth rate is one of the most common indicators used when assessing the progress of a product. Comparison of such indicators over many countries might be of interest to producer or exporter associations, investors, policymakers and trade negotiators. The Compounded Annual Growth Rate (CAGR) is a tool which is often used to describe some element for the business and export performance of commodity. So, the Compound Annual Growth Rate (CAGR) has been calculated for the purpose and the trends view, lets you know the export performance by each commodity and their region.
The formula for CAGR is:
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Where s is the set of countries in the source, w is the set of countries in the world, is the bilateral total export flow in the start period, is the bilateral total export flow in the end period, and n is the number of periods (not including the start).
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