As a result of the ongoing program to improve and expand the Australian National Accounts: State Accounts (cat. no. 5220.0), GSP(P) estimates will be incorporated from November 2007. GSP(P) estimates are compiled by aggregating GVA estimates, by state, for all industries (including Ownership of Dwellings and Taxes less Subsidies on Products) classified under ANZSIC93. Individual industry estimates were compiled using input or output indicators that are produced using either price deflation or quantity revaluation except the Agriculture sub-division which uses double deflation.
The new headline measure GSP(A) and the industry GVA estimates by state will be introduced in the 2006-07 release of Australian National Accounts, State Accounts to be published in November 2007.