- percentage point
- a unit of proportion, equal to 0.01 or 1%. This unit is used commonly to describe changes in rates or other quantities that are stated as percentages.For example, an interest rate that rises from 8% to 10% is said to rise by two percentage points. Notice that if the changing rates are percentages of a quantity y then the percentage points are also percentages of y.This is different from looking at the proportional change in the rates themselves: in our example, an increase from 8% to 10% is an increase of one-fourth (25%) in the actual interest rate. It often happens that a change of a few percentage points has a dramatic effect on the rate in question.
Dictionary of units of measurement. 2015.
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percentage point — ➔ point1 * * * percentage point UK US noun [C] ► ECONOMICS, FINANCE a unit of measure equal to one percent, used to refer to changes in interest rates: »Markets showed a slight recovery when the Federal Reserve cut short term interest rates by… … Financial and business terms
percentage point — noun the dot at the left of a decimal fraction • Syn: ↑decimal point, ↑point • Hypernyms: ↑mathematical notation * * * percentage point UK US noun [countable] [ … Useful english dictionary
percentage point — UK / US noun [countable] Word forms percentage point : singular percentage point plural percentage points one per cent Interest rates have been cut by half a percentage point … English dictionary
percentage point — /pəˈsɛntɪdʒ pɔɪnt/ (say puh sentij poynt) noun an amount of one per cent. Usage: The term percentage point is used to avoid confusion with a simple percentage calculation. For example, if an interest rate rises from 10% to 11%, it increases by a… … Australian English dictionary
percentage point — per centage ,point noun count one percent: Interest rates have been cut by half a percentage point … Usage of the words and phrases in modern English
percentage point — noun Date: 1958 one hundredth of a whole ; percent < interest rates rose one percentage point from 6.5 percent to 7.5 percent > … New Collegiate Dictionary
percentage point — percent, proportion of one hundred (one percentage point = one percent) … English contemporary dictionary
Percentage point — Percentage points (pp) are the unit for the arithmetic difference of two percentages. Consider the following hypothetical example: in 1980, 40 percent of the population smoked, and in 1990 only 30 percent smoked. We can thus say that from 1980 to … Wikipedia
percentage point — noun one hundredth of a given value See Also: percentage rate … Wiktionary
percent, percentage point — There is an important distinction between the two terms that is not always observed, even on the financial pages. Consider the following example from the business section of The Times of London. Headline: U.S. tax reform to cut top rate by 25% … Dictionary of troublesome word