Definition. The value of all goods and services produced in an economy in a given period. In the US it's published quarterly by the Bureau of Economic Analysis (BEA).
How it works
Quarterly data comes out in several estimates: the advance estimate (about a month after the quarter ends) and later revised ones. Growth is usually given as an annualised rate.
Example
Released at 8:30 AM New York time (14:30 in Warsaw). The market also looks at the components, such as consumption and the deflator.
What to watch out for
GDP describes the past with a lag. Monthly data, such as NFP or CPI, usually triggers bigger reactions.
You'll find the full explanation with graphics, examples and exercises in the 📖 Order flow encyclopedia space, and its use in the live market in the 🔴 Live Room. Both are available to Club members (in Polish).
