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The contribution of service industries to the Tasmanian economy can be assessed in terms of its contribution to Gross State Product (GSP). GSP is the total market value of goods and services produced in Tasmania within a given period after deducting the cost of goods and services used up in the process of production, but before deducting allowances for the consumption of fixed capital.
SERVICE INDUSTRY'S CONTRIBUTION TO GROSS STATE PRODUCT, Tasmania(a)
(a) Includes the following industries (based on the 1993 edition of the Australian and New Zealand Standard Industrial Classification (ANZSIC)): Wholesale trade, Retail trade, Accommodation, cafes and restaurants, Transport and storage, Communication services, Finance and insurance, Property and business services, Government administration and defence, Education, Health and community services, Cultural and recreational services, and Personal and other services.
(b) Based on factor incomes (i.e. the sum of compensation of employees, gross operating surplus and gross mixed income).
Source: Australian National Accounts: State Accounts (cat. no. 5220.0).