Gross state product
Gross state product (GSP), or gross regional product (GRP), is a measurement of the economic output of a state or province (i.e., of a subnational entity). It is the sum of all value added by industries within the state and serves as a counterpart to the gross domestic product (GDP).
Conceptually, there is no difficulty in taking the definition of GDP for a nation and applying it to a smaller jurisdiction such as a state, or even a local government area. In practice, however, flows of goods, services, labour and capital across state boundaries (i.e., flows within a nation) are generally not measured with any great accuracy. By contrast, flows across national boundaries are normally recorded as part of the ordinary operations of government. As a result, it is often hard to measure the value added within a state, since this requires netting out 'imports' from other states, and including 'exports' to other states. Similarly, it is difficult to measure the income accruing to factors of production (labour and capital) within a given state.
See also
Global
Africa
Asia
- Gross State Domestic Product of Indian states
- List of China administrative divisions by GDP
- List of Malaysia states by GDP
- States of India by size of economy
- List of Vietnamese regions by GDP
Australia / Oceania
Europe
North America
- Comparison between U.S. states and countries by GDP (nominal)
- Comparison between U.S. states and countries by GDP (PPP)
- List of Canadian provinces and territories by gross domestic product
- List of U.S. state economies
- List of U.S. states by GDP (nominal)
- Ranked list of Mexican states by GDP nominal (2006)
South America
- List of Argentine provinces by GDP (nominal)
- List of Brazilian states by Gross Domestic Product
- List of Colombian departments by GDP
- Ranked list of Chilean regions by GSP per capita
References
External links
- STATEMENT: GROSS STATE DOMESTIC PRODUCT AT CURRENT PRICES, as on 28 February 2008 (Rupee in Crores)