Search: GDP
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.
Search Results
Historical Forecasts
9 Mar 2023
Statistics
Historical Forecasts. These data tables contain the central estimates of the Bank's historical forecasts for consumer price inflation, underlying inflation, GDP growth and the unemployment rate since 1990.
https://www.rba.gov.au/statistics/historical-forecasts.html
https://www.rba.gov.au/statistics/xls/op8/op8-notes.rtf
7 Dec 2015
Statistics
Revisions to GDP data can also affect all those series shown as '93Per cent to GDP'94 (even though the underlying data in the numerator may not have changed).
https://www.rba.gov.au/statistics/xls/op8/op8-notes.rtf
Statement by Philip Lowe, Governor: Monetary Policy Decision
7 Sep 2021
Media Releases
GDP increased by 0.7 per cent in the June quarter and by nearly 10 per cent over the year. ... GDP is expected to decline materially in the September quarter and the unemployment rate will move higher over coming months.
https://www.rba.gov.au/media-releases/2021/mr-21-19.html
Changes to Statistical Tables
14 Mar 2024
Statistics
Changes to Statistical Tables. Changes to Statistical Tables RSS feed. 2024. 29 February 2024. Monetary Policy Operations – Current – A3. From 8 February 2024, Table A3 will provide additional data on floating rate repos in open market operations
https://www.rba.gov.au/statistics/tables/changes-to-tables.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
2 May 2023
Media Releases
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-10.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
7 Mar 2023
Media Releases
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.60 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-07.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
1 Nov 2022
Media Releases
The Banks central forecast for GDP growth has been revised down a little, with growth of around 3 per cent expected this year and 1 per cent in 2023 and 2024.
https://www.rba.gov.au/media-releases/2022/mr-22-36.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
7 Feb 2023
Media Releases
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.35 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-04.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
2 Aug 2022
Media Releases
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent.
https://www.rba.gov.au/media-releases/2022/mr-22-21.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
1 Aug 2023
Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-19.html