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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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4 July 2023 | Minutes of the Monetary Policy Meeting of the Board

18 Jul 2023 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 July 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-07-04.html

6 June 2023 | Minutes of the Monetary Policy Meeting of the Board

20 Jun 2023 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 June 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-06-06.html

The Global Financial Environment

9 Oct 2020 FSR – October 2020
It may take a while for GDP in many economies to return to its pre-pandemic level, and some business closures will be permanent with higher unemployment likely to persist for ... In China, corporate debt has continued to grow, to be 160 per cent of GDP
https://www.rba.gov.au/publications/fsr/2020/oct/global-financial-environment.html

7 June 2011 | Minutes of the Monetary Policy Meeting of the Board

7 Jun 2011 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 June 2011
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2011/07062011.html

4 August 2009 | Minutes of the Monetary Policy Meeting of the Board

18 Aug 2009 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 August 2009
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2009/04082009.html

1 February 2022 | Minutes of the Monetary Policy Meeting of the Board

15 Feb 2022 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 February 2022
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2022/2022-02-01.html

The Australian Financial System

8 Apr 2021 FSR – April 2021
APRA recently assessed whether banks could withstand a severe economic contraction, in which GDP fell by 15 per cent, unemployment rose to over 13 per cent and national housing prices fell
https://www.rba.gov.au/publications/fsr/2021/apr/australian-financial-system.html

Box D: Stress Testing at the Reserve Bank

20 Oct 2017 FSR – October 2017
In the 2014 scenario, real GDP falls by as much as 4 per cent per annum, the unemployment rate rises to 13 per cent and house prices fall by around 40
https://www.rba.gov.au/publications/fsr/2017/oct/box-d.html

Overview

12 Apr 2019 FSR – April 2019
However, GDP growth in Australia also slowed in the second half of 2018.
https://www.rba.gov.au/publications/fsr/2019/apr/overview.html

The Australian Financial System

8 Oct 2021 FSR – October 2021
in which GDP falls by a little over 10 per cent and the unemployment rate increases to over 10 per cent.
https://www.rba.gov.au/publications/fsr/2021/oct/australian-financial-system.html