The phrase "annual rate" refers to the measure of something happening or occurring over a period of one year. It helps us understand how often or how much something happens within a year. Full definition
We found that the average annual rate of $ 195 was 12 % cheaper than the state average, which translates to a savings of $ 27. (valuepenguin.com)
According to the report, consumer credit overall went up at a seasonally adjusted annual rate of 4.2 percent in the first quarter of 2018. (lendedu.com)
Real GDP grew at annual rate of 2.5 % in the second quarter and 1.1 % in the first quarter. (eyeonhousing.org)