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, labor 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 (labor and capital) within a given state.
See also
Global
North America
- List of Canadian provinces and territories by gross domestic product
- Ranked list of Mexican states#By GDP nominal (2006)
- List of U.S. states by GDP (nominal)
- List of US state economies
- Comparison between U.S. states and countries nominal GDP
- Comparison between U.S. states and countries by GDP (PPP)
South America
- List of Argentine provinces by GDP (nominal)
- List of Brazilian states by Gross Domestic Product
- Ranked list of Chilean regions#By GSP per capita
- List of Colombian departments by GDP
Oceania
- List of Australian states by Gross State Product
Asia
- List of China administrative divisions by GDP
- Gross State Domestic Product of Indian states and States of India by size of economy
- List of Malaysia states by GDP
Africa
Europe
- Ranked list of Spanish autonomous communities#By GRP
References
|