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RBA Glossary definition for GDP

GDP – Gross Domestic Product. A key measure of the value of economic production in the economy. GDP is determined in one of three ways: the value of goods and services produced less the cost of production; the sum of incomes generated by production; the sum of final expenditure on goods and services produced plus exports minus imports. An average of the three approaches may be calculated and is also referred to as GDP.

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Discussion | Conference – 2018

12 Apr 2018 Conferences
The second approach is to make changes to the target when potential GDP changes. ... This would also address a concern raised about the timeliness of GDP data.
https://www.rba.gov.au/publications/confs/2018/mckibbin-panton-disc.html

China's Institutional Impediments to Productivity Growth | Conference – 2016

18 Mar 2016 Conferences
Harry X Wu
surprise. While its share in nominal GDP was declining over time, its contribution to the Domar-weighted TFP growth remained high throughout the period. ... For example, Bosworth and Collins (2008) and Perkins and Rawski (2008) estimated that TFP
https://www.rba.gov.au/publications/confs/2016/wu.html

New Financial Stability Governance and Central Banks | Conference – 2017

16 Mar 2017 Conferences
Rochelle Edge and Nellie Liang
economies. Preliminary regression results suggest that the most significant determinants of having a governance structure where the CB is the single responsible agency are that the economy's GDP is small, ... of the FSC in emerging market and developing
https://www.rba.gov.au/publications/confs/2017/edge-liang.html

The Exchange Rate and Macroeconomic Policy in Australia | Conference – 1993

12 Jul 1993 Conferences
John Pitchford
Finally, GDP growth is central to macroeconomic policy and is illustrated in Figure 8. ... Moreover, Australian GDP fluctuations have followed a similar pattern to those in comparable economies.
https://www.rba.gov.au/publications/confs/1993/pitchford.html

Discussion | Conference – 2016

18 Mar 2016 Conferences
One participant questioned the result of a stable share of services in GDP in recent years (in constant price terms). ... They argued this suggests demand for services should be increasing more rapidly than GDP.
https://www.rba.gov.au/publications/confs/2016/naughton-discussion.html

Developing Housing Finance Systems | Conference – 2012

20 Aug 2012 Conferences
Francis E Warnock and Veronica Cacdac
cent of GDP, while many others are at less than 10 per cent. ... Figure 1 shows mortgage debt as a percentage of GDP for 61 economies.
https://www.rba.gov.au/publications/confs/2012/warnock-warnock.html

Exploring the Link between the Macroeconomic and Financial Cycles | Conference – 2017

16 Mar 2017 Conferences
Adam Cagliarini and Fiona Price
and GDP growth, as well as the degree of synchronisation between these cycles. ... lead credit growth and in other cases credit growth will lead GDP growth.
https://www.rba.gov.au/publications/confs/2017/cagliarini-price.html

The Evolving Structure of the Australian Financial System | Conference – 1996

9 Jul 1996 Conferences
Malcolm Edey and Brian Gray
The net result was a near doubling of the size of the financial sector relative to GDP in little more than a decade. ... The federal government entered the postwar period with a substantial volume of debt, amounting in 1950 to more than 100 per cent of
https://www.rba.gov.au/publications/confs/1996/edey-gray.html

Terms of Trade Shocks and Fiscal Cycles | Conference – 2009

17 Aug 2009 Conferences
Graciela L Kaminsky
The final variable is the GDP cycle. The coefficient of this variable is δ (from Equation (3)). ... In contrast, fiscal policy is procyclical (vis à vis GDP) for developing countries.
https://www.rba.gov.au/publications/confs/2009/kaminsky.html

Openness and Growth | Conference – 1994

11 Jul 1994 Conferences
Steve Dowrick
1970. By 1993, however, the share of exports in GDP had risen above 20 per cent. ... GDP growth is strongest in the most outward-oriented countries, and weakest in the most inward-oriented.
https://www.rba.gov.au/publications/confs/1994/dowrick.html