compound growth rate
noun [ C ]
ukus(also compounded growth rate); ( abbreviation CGR); (also compound annual growth rate); (abbreviation CAGR) ECONOMICS, FINANCE
the rate at which an economy, investment, company, etc. grows over a period of years, based on growth over the previous year:
In the 21 years that he has managed Yale's endowment, it has earned a 16.3% compound growth rate.