The broadest measure of an economy’s output. Important, and usually less market-moving than its importance suggests.
Dates come from the same table as the economic calendar, which is updated from the published schedule. Times shown are GMT; the calendar converts them.
| Published by | The national statistics office of each country |
|---|---|
| Usually released | Quarterly, with preliminary and revised estimates |
| Typical impact rating | Medium |
| Currency | Whichever country publishes it |
| Moves gold? | Rarely by itself |
The total value of goods and services produced in an economy over a quarter, published as a percentage change against the previous quarter or the same quarter a year earlier.
Most countries publish a first estimate, then a second, then a final figure as more data arrives. The first estimate moves the market most because it carries the most new information; the revisions rarely move much unless they are large.
GDP is backwards-looking and slow. By the time a quarter is reported, the employment and inflation data covering the same period have already been released and already moved expectations. It confirms rather than reveals.
At turning points. A first negative quarter, or a figure far from expectations when the market is arguing about whether a slowdown is arriving, can move a currency sharply.
What was published, against what was expected. The market reacts to the gap between forecast and actual, not to whether the number was good.
| Date | Currency | Actual | Forecast | Previous |
|---|---|---|---|---|
| 11 Sept 2026 | GBP | — | 0.0% | 0.3% |
| 7 Sept 2026 | JPY | — | 0.4% | 0.3% |
| 7 Sept 2026 | JPY | — | 2.6% | 2.6% |
| 7 Sept 2026 | EUR | — | 0.4% | 0.4% |
| 3 Sept 2026 | CHF | — | 1.7% | 0.7% |
| 2 Sept 2026 | AUD | — | 0.3% | 0.3% |
| 28 Aug 2026 | CAD | — | 0.2% | 0.3% |
| 28 Aug 2026 | EUR | — | 0.2% | 0.2% |
Because the market had already worked out roughly what the quarter looked like from the monthly data. GDP confirms what employment and inflation figures suggested weeks earlier.
The first, because it contains the most new information. Later revisions move price only when they are unusually large.
It is usually rated medium to high depending on the country and whether it is the first estimate. The calendar shows the rating for each release.
The journal on this site records the date of every trade and compares your results on days with a high impact release against every other day. That turns a general worry about trading the news into a figure about your own record.