GDP (Gross Domestic Product)
A country or economic region’s Gross Domestic Product is simply the value of all the goods and services produced within its borders during a given period of time.
It’s considered an important economic indicator because it reveals whether an economy is growing or contracting.
GDP is commonly calculated on a quarterly and annual basis and is adjusted for inflation.
Short term traders are interested in the market volatility that can take place before and after GDP figures are announced, whereas business leaders and policymakers use it as a gauge of the health of the economy in order to help them to make strategic decisions going forward.