CAGR (Compound Annual Growth Rate)
CAGR Formula
CAGR = (Ending Value ÷ Beginning Value)^(1/n) − 1, where n = number of years in the period.
Example: Market valued at USD 50B in 2019 reaches USD 85B in 2024 (5 years): CAGR = (85/50)^(1/5) − 1 = 11.2%
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