I was reading an article that talked about the economic growth rate of a country but it didnt have up to date info, so i looked in the CIA world factbook but i could only find industrial production growth rate. Are those two the same thing? if not, what does indus. prod. gr. rate mean?
no. Besides Production, an economy of a country includes such things as Agriculture, Minerals and Services, and these sectors can be way bigger than production.
Industrial production growth is still a good indicator of economic health for a developing economy since manufacture tends to employ more people than Minerals and offer better profits than Agriculture.