Gross Domestic Product y/y reflects a change in the total value of all goods and services produced in the euro area in the specified quarter compared to the same quarter of the previous year. The calculation excludes the price of goods and services used in the intermediate manufacturing. The data are seasonally adjusted. Eurozone's GDP is calculated based on individual GDPs of Member States.
The formula for the expenditure based calculation of GDP generally looks like the sum of the following components:
The most important data sources available in national summaries for the eurozone countries are as follows:
GDP is the key indicator of the eurozone's economic health. The growth of the indicator means an increase in the economy and in the well-being of the population. So GDP growth may have a positive impact on euro quotes.
The chart of the entire available history of the "European Union Gross Domestic Product (GDP) y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.