This FACT indicates gross state product per capita in 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 (that is, of a defined region within a larger nation). It is the sum of all the value that is added by industries within a given state, and is used in a similar vein to gross domestic product (GDP). The GSP is one measure of wealth and value of a state. The number expressed here represent values for June 2017.