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Gross state product (Regional)

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This FACT indicates the gross state product in millions, of each Australian state and territory. 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), and one way to measure value or wealth of a region.

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Based on Wikipedia data from 2013

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