1301.0 - Year Book Australia, 2003
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003
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As well as Australia's national accounts, the ABS produces annual accounts for each of Australia's states and territories. These provide estimates of gross state product (GSP) and state final demand. GSP is produced by summing the incomes generated in the production process (the income approach to measuring total production). State final demand is equal to the sum of government and household final consumption expenditure and public and private gross fixed capital formation. Estimates of state final demand and GSP are available in both current price and chain volume terms. The chain volume GSP estimates are experimental.