year on year

year on year

At the same point each year when compared with the previous year. Hyphenated is used as a modifier before a noun. The company reported a 53% increase in profits year on year. Despite clear and robust growth in the economy, year-on-year unemployment rates remain largely uncharacteristically high.

See also: on, year

ˌyear on ˈyear

(business) (used especially when talking about figures, prices, etc.) each year, compared with the last year: Spending has increased year on year. ♢ a year-on-year increase in unemployment

See also: on, year