Gross Domestic Product y/y

Indicator History

History of Event Dates
Event Date Time For
Period
Currency Actual Forecast
What is this indicator?

Gross Domestic Product (GDP) y/y refers to the year-on-year percentage change in a country's GDP. GDP is the total value of goods and services produced within a country's borders during a specific period of time, usually a year. GDP is an important economic indicator as it provides a measure of a country's economic output and can be used to gauge the overall health of an economy.


Why is it important?

The GDP y/y figure is important as it allows economists and policymakers to monitor changes in economic growth over a longer period of time, typically a year. A positive GDP y/y figure indicates that the economy is growing, while a negative figure indicates that the economy is contracting. A sustained negative GDP y/y figure can signal an economic recession. Investors and businesses also pay close attention to the GDP y/y figure as it can impact financial markets and corporate profits. A higher than expected GDP y/y figure can lead to an increase in stock prices and business investment, while a lower than expected figure can lead to a decrease in investment and a decline in stock prices.

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