I understand that the term "absolute percentile" must in some ways seem absurd, because a percentile score is by definition relative.
To clarify, I would define an "absolute percentile" as a percentile that does not vary from year to year in relation to scaled scores. GMAT composite percentiles can be considered absolute percentiles because they have barely budged within the last 20 years (see above tables) in relation to the actual composite scores--especially at the top end. The cutoff for 99%, for example, has always been either 750 or 760--it's remarkably consistent over time.
On the other hand, section percentiles are relative, not absolute, because they tend vary greatly over time--especially on Quant. For example,
a score of Q45 was 82% overall in the year 2000, but now a Q45 only earns you a score of 57%! The scaled section score is absolute--a Q45 in 2000 is the same as a Q45 in 2018--but a 750 composite from 2000 cannot be compared to a 750 from 2018, because composite scores are relative to overall test-taker performance, and the test has become significantly more competitive since then.
Good point about the percentiles only being calculated once per year by GMAC, at the beginning of July. Hence, as I have already noted, if the the shorter, updated GMAT does indeed prove to be easier, which we have every reason to expect, then it might be particularly advantageous to take during the first year or so of its implementation, before the scoring curve and percentiles have been fully adjusted to reflect test-taker performance on the new exam. This advantage will persist in a diminished way during the 2nd year of the new exam, and will disappear completely after the updated GMAT has been around for 3 full years.
To summarize:
1) GMAT composite scores are RELATIVE to test-taker performance, but GMAT composite percentiles are ABSOLUTE--they do not change much over time, and they have a high degree of correlation with the overall composite score.
In fact, you could argue that the composite score and the percentile are roughly the same thing, since composite score conversions change over time, along with percentiles.
2) GMAT scaled section scores are ABSOLUTE, but GMAT section percentiles are RELATIVE--they reflect the changing demographics of the test-taker population.
FAQ:
Q: Can I compare my 750 composite in 2018 to my (_______)'s 750 in 2000?
A: No, you can't. A 750 in 2018 is far more impressive than a 750 in 2018--even though a 750 in 2018 is "only" 98% and a 750 in 2000 was 99%.
Q: But you just finished explaining why composite percentiles are "absolute," which implies that they don't change over time.
A: Yes, that's true. They are absolute in the sense that they don't vary much relative to composite scores.
Q: So why is a 750 in 2018 more impressive than a 750 in 2000?
A: Because although they are (roughly) the same percentile scores in both years, a percentile score is by definition relative to the strength of the test-taking population, and the GMAT is a much more competitive test now, which can be seen in the significant rise in Quant scores over the last 2 decades.
Q: Wait, you just said that GMAT composite percentiles are absolute, and now you are saying that they are relative?
A: Yes, I can understand why that might be confusing. Both are true: although GMAT composite scores have a high degree of correlation with overall percentiles, you cannot compare percentiles from different years because they are relative to how prepared test-takers are for the GMAT during that particular period of time.
Q: So what CAN I compare over time?
A: You can compare scaled section scores, which--unlike section percentiles, composite percentiles or scaled composite scores--are consistent over time, due to the fact that the test content has not changed (much). A Q50 from 2000 is as impressive as a Q50 from 2018, for example. And anything above V40 (90% in 1998-2000 and 91% in 2015-2017) is excellent, no matter when you took the test.
However, was it easier to score 99% overall way back then? Definitely. For one thing, there was no GMAT Club helping raise everyone's Quant scores.
On the other hand, Verbal scores and percentiles have stayed about the same over the last 20 years--probably because the same international test-takers who are "ruining the curve" on Quant tend to be English as a second language students who on average, struggle more on Verbal.
You can even see these effects in the short term. I was lucky enough to earn my 770 (99%) in January 2012 with a Q47 / V48, though I suspect that particular
combination of section scores would convert closer to a 760 or even 750 on today's GMAT.
-Brian