Definition

Adverb 1. For each year; annually; yearly: Used to express a rate, frequency, or amount that applies to a single year. It is often used in financial, statistical, or contractual contexts to specify a recurring amount over a one-year period.

Usage

The phrase "per year" is used to indicate that something happens, is paid, received, or measured over the course of one year. It is a standard unit for expressing annual rates. * It typically follows a numerical value. * It is commonly used with verbs like earn, pay, cost, produce, grow, and travel. * It can often be replaced by "annually" or "a year" without changing the meaning.

Examples

• Financial Context:
  • The salary for the position is $75,000 per year.
  • The interest on the savings account is calculated at 2% per year.
  • The company pays a dividend of $1.50 per share per year.
• Measurement & Statistics:
  • The factory has an output of 10,000 units per year.
  • The tree grows approximately 30 centimeters per year.
  • The average rainfall in the region is 1,200 millimeters per year.

Advanced Usage

• "Per annum": This is a formal, often Latin-derived synonym for "per year," frequently used in legal, financial, and academic writing.
  • The lease agreement stipulates a rent increase of 3% per annum.
• Implied Frequency: When used with a singular event, "per year" can imply an average or a recurring instance.
  • I visit my hometown twice per year. (This means annually, I make two visits.)

Variants and Related Words

• Annually (adverb): Happening once every year.
  • The report is published annually.
• Yearly (adjective or adverb): Occurring or done once a year; every year.
  • We have a yearly meeting. (adjective)
  • The magazine is issued yearly. (adverb)
• Annual (adjective): Covering the period of one year; yearly.
  • Her annual income is substantial.

Synonyms

• Annually
• Yearly
• Each year
• Every year
• Per annum

Related Phrases

• Per month/week/day: Similar structures used for different time periods (monthly, weekly, daily).
  • He earns $5,000 per month.
• Per capita per year: A statistical measure meaning "for each person per year."
  • The country's electricity consumption is 5,000 kWh per capita per year.

Adverb

1. by the year; every year (usually with reference to a sum of money paid or received)
   • he earned $100,000 per annum
   • we issue six volumes per annum