New data Gross Domestic Product YoY (Jan)
2/13/2025
actual 10.6, previous 9
The event is the Gross Domestic Product Year-over-Year (YoY) for January, with a reported actual value of 10.6%. This indicates the percentage change in the value of all goods and services produced by a country compared to the same month in the previous year.The previous value was 9%, and the estimate was 7.4%, so the actual value of 10.6% exceeded both the previous and estimated values. This represents a positive change of 1.6 percentage points from the previous value, which is a significant increase of 17.78%.
The impact of this event is considered low, meaning it may have a limited immediate effect on the market. The event is related to the currency KGS, which is the currency of Kyrgyzstan.
Overall, a higher Gross Domestic Product YoY indicates a growing economy, which can be seen as a positive sign for the country's economic health.
This is not investment advice. Remember to verify the information provided here.
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