Economic growth refers to the increase in a country's total output of goods and services over time, usually measured as the percentage increase in real gross domestic product per capita. It can be positive or negative, with negative growth associated with economic recessions and depressions. To compare economic growth across countries, statistics are converted to a single currency using exchange rates or purchasing power parity and adjusted for inflation. While short-term variations constitute business cycles, long-term economic growth is the primary concern, as even small sustained growth rates can dramatically increase standards of living over decades through compounding effects.