Understanding GDP
![Michael Brown](https://eu-images.contentstack.com/v3/assets/bltaec35894448c7261/bltc403c1e672203ce9/6608301f6eb29756999061f4/mb_web_v3.png)
While typically calculated on an annual basis, GDP data is also released quarterly, and it is these releases upon which markets place the most emphasis, given their relatively timely nature. Although GDP figures are constantly being revised (often for many years after the initial estimate has been released), it tends to be the initial estimate which causes the most significant market impact, with any revisions typically relatively minor in nature.
Upon release, the figures are typically represented as a percentage change in both QoQ and YoY terms, signifying the GDP growth/contraction over the quarter in question, with the QoQ figure often the more impactful figure in terms of resulting market volatility. Of course, two consecutive quarterly contractions (represented as a decline in GDP growth) results in what economists define as a technical recession.
GDP is typically calculated via the income method, which uses the following formula:
GDP = C + I + G + (X-M)
Where:
- C = consumer spending
- I = business investment
- G = government spending
- (X-M) = net exports (i.e. exports - imports)
Related articles
此处提供的材料并未按照旨在促进投资研究独立性的法律要求进行准备,因此被视为营销沟通。虽然它并不受到在投资研究传播之前进行交易的任何禁令,但我们不会在向客户提供信息之前谋求任何优势。
Pepperstone并不保证此处提供的材料准确、及时或完整,因此不应依赖于此。无论是来自第三方还是其他来源的信息,都不应被视为建议;或者购买或出售的要约;或是购买或出售任何证券、金融产品或工具的征求;或是参与任何特定交易策略。它并未考虑读者的财务状况或投资目标。我们建议此内容的读者寻求自己的建议。未经Pepperstone批准,不得复制或重新分发此信息。