GDP is one of the most important indicators used to evaluate/analyze an economy because this one is telling exactly if an economy is expanding or contracting. Values higher than zero signal an economy that it is still in expanding territory, while values lower than zero show recessionary conditions.
GDP shows the change in inflation-adjusted value of all the goods and service produced by the economy.
GDP comes in three versions: preliminary, second estimate, and final, with the preliminary version being the most important one as it is the first release that is hitting the market and traders are keen in knowing the level of growth of the economy.
The most important things to take into consideration when looking at the GDP indicator are:
- Release date: quarterly, about 15 days after the quarter ends;
- Release time: 08:30 GMT, during London trading session;
- Important indicator;
- First tier data.