Gross Domestic Product (GDP)

The US Canada GDP data
Release Date: Released quarterly, about 30 days after the quarter ends
Release Time: At 8.30am Eastern US time
Released By: The US Bureau of Economic Analysis
The Australia GDP data
Release Date: Released 65 days after the quarter under review ends
Release Time: At 9.30pm EST
Released By: The Australian Bureau of Statistics
The China GDP data
Release Date: Released quarterly, about 18 days after the quarter ends
Release Time: At 10pm Eastern US
Released By: The National Bureau of Statistics of China
The UK GDP data
Release Date: The Preliminary GDP q/q is released 24 days after the quarter ends. One month later,
the 2nd Estimate GDP q/q is also released.
Release Time: The Preliminary and 2nd Estimate is released at 5.30am
Released By: The Office of National Statistics
The Canada GDP data
Release Date: Released 60 days after the month under review has ended
Release Time: At 8.30am EST
Released By: The Statistics Canada
The New Zealand GDP data
Release Date: Released every quarter about 80 days after the quarter under review ends
Released By: The Statistics New Zealand


The Gross Domestic Product (GDP) is a news release which details the percentage change in the inflation-adjusted value of all goods and services produced in a country’s economy. This news release is a feature of virtually all major traded currencies in the market. The most significant Gross Domestic Product (GDP) figures are seen out of the US, Canada, Australia, New Zealand and Great Britain. Most recently, China’s GDP data has assumed market importance for since 40% of the world’s production activity occurs in China.

Generally speaking, there are three sets of GDP data.

  • Advance GDP
  • Preliminary GDP
  • Final GDP

The market impact of each of these three GDP data will differ from country to country but generally speaking, the Advance GDP data have the greatest market impact.

Time of Release

Here are the various release times of the most important of the GDP data:

In the US, the Advance GDP q/q is released quarterly, about 30 days after the quarter ends at 8.30am Eastern US time, and is seen on the website of the US Bureau of Economic Analysis. It can also be seen on independent news feeds from Bloomberg and Thomas Reuters. It is reported in an annualized format.

In Australia, the Gross Domestic Product (GDP) q/q data is released along by the Australian Bureau of Statistics at 9.30pm EST. This release comes up 65 days after the quarter under review ends. Data can be seen on the Australia Bureau of Statistics website and on Thomas Reuters and Bloomberg news feeds.

In China, the GDP q/y data is released quarterly, about 18 days after the quarter ends at 10pm Eastern US time, and is seen on the website of the National Bureau of Statistics of China. It can also be seen on independent news feeds from Bloomberg and Thomas Reuters. The data represents the quarterly value compared to the same quarter the previous year.

In the UK, the Gross Domestic Product (GDP) is reported by the Office of National Statistics. Three data sets are released: preliminary, 2nd estimate and final GDP. The preliminary and 2nd estimate GDP data carry the greatest impact. The Preliminary GDP q/q is released at 5.30am EST, 24 days after the quarter ends. One month later, the 2nd Estimate GDP q/q is also released at the same time.

In Canada, the Gross Domestic Product (GDP) is released by Statistics Canada about 60 days after the month under review has ended. The time of release is 8.30am EST. Data can be seen on the Statistics Canada website and on news release sites such as Bloomberg and Thomas Reuters. Canada is unique in that it is the only country with a currency major that releases new GDP data on a monthly basis. The GDP m/m is therefore the data with high market impact. There is also a quarterly GDP figure, but this is only a summation of the GDP m/m data and therefore has low market impact. The next release date is April 30, 2014.

In New Zealand, the GDP q/q report is released by Statistics New Zealand every quarter about 80 days after the quarter under review ends. The time of release is and the news release can be seen on the website of Statistics New Zealand and on news release sites such as those of Bloomberg, Thomas Reuters, CNN Financial News, The Economist and economic calendars.

Interpreting the Data

The Gross Domestic Product (GDP) is not only a high impact news event, but among other economic news of high market impact, it equally ranks at the very top. Moves of up to 150 pips within the first 30 minutes of trading are not unusual. The GDP is the broadest measure of economic activity and the primary gauge of the economy’s health as it encompasses manufacturing, employment, retail sales, consumer spending, etc.

Therefore, a Gross Domestic Product (GDP) figure above the consensus number is seen as good for the local currency, while GDP figures which are lower than consensus is seen as bad for the affected currency.

Conclusion

What we have outlined above are the most tradable Gross Domestic Product (GDP) data for the relevant countries.