Gross Domestic Product (GDP)

Gross Domestic Product (GDP) is a key economic indicator. It measures the total value of all goods and services produced within a country over a specific period, usually a quarter or a year. It reflects the overall health and size of a country’s economy. Additionally, it is widely used by traders, investors, and policymakers to assess economic growth and make informed decisions.

A rising GDP indicates a growing economy, often leading to stronger currency performance and higher investor confidence. On the other hand, a declining GDP can signal economic weakness. This may negatively impact a country’s currency and financial markets. In Forex trading, GDP releases are closely watched. Significant changes from expectations can cause sharp price movements in currency pairs related to that country.

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