GDP - Gross Domestic Product: BEA (Bureau of Economic Analysis); Last day of the quarter, 8:30am EST, covers previous quarter data. The US Commerce department publishes the GDP in 3 modes: advance; preliminary; final. GDP is a gross measure of market activity. It represents the monetary value of all the goods and services produced by an economy over a specified period. This includes consumption, government purchases, investments, and the trade balance. The GDP is perhaps the greatest indicator of the economic health of a country. It is usually measured on a yearly basis, but quarterly stats are also released.
The Commerce Department releases an "advance report" on the last day of each quarter. Within a month it follows up with the "preliminary report" and then the "final report" is released another month later. The most recent GDP figures have a relatively high importance to the markets. GDP indicates the pace at which a country's economy is growing (or shrinking).
We recommend trading forex with Easy-Forex.