Italiano
English
Español
Français

Analisi

Understanding GDP

Senior Research Strategist

7 feb 2024

GDP, Gross Domestic Product, to use its full name, is a measure of the total monetary or market value of all the finished goods and services produced within a country during a specific time period. Put simply, GDP is typically seen as the broadest, and most comprehensive, gauge of a country’s overall economic performance.

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)

Pepperstone non dichiara che il materiale qui fornito sia accurato, attuale o completo e quindi esso non dovrebbe essere considerato come tale. Le informazioni qui fornite, da parte di terzi o meno, non devono essere considerate come una raccomandazione, un'offerta di acquisto o vendita, la sollecitazione di un'offerta di acquisto o vendita di qualsiasi titolo, prodotto o strumento finanziario o la raccomandazione di partecipare a una particolare strategia di trading. Consigliamo a tutti i lettori di questi contenuti di informarsi in maniera indipendente. Senza l'approvazione di Pepperstone, la riproduzione o la ridistribuzione di queste informazioni non è consentita.