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How GDP affects forex trading
GDP is an acronym for gross domestic product and measures the productivity of a country’s economy, specifically the value of goods and services produced by the country. All goods and services produced are included in GDP, regardless of whether they are used domestically or exported to other countries. GDP is most commonly expressed as a percentage of change on a quarterly or yearly rate. This percentage is known as the growth rate. Most economists agree a strong GDP growth rate is 2-3%. Example: UK GDP in 2021 The United Kingdom’s GDP in 2021 was 2.2 trillion pounds* and featured a 7.4% growth rate from the year ... (full story)