Income from Gross State Product – GSP(I)

21.41    GSP(I) is derived by summing the income flows from the factors of production (labour and capital); that is the sum of the factor incomes and taxes less subsidies on production and imports.

21.42    Compensation of employees (COE) is allocated to the location where employment occurs. COE is estimated at an industry division and sector level. State estimates of COE are compiled from a range of ABS survey data.

21.42    Gross operating surplus and gross mixed income (GOS/GMI) are allocated to the location where production activity occurs (rather than based upon any ownership or head office structure).

21.44    National estimates of GOS by sector are apportioned across states and territories by industry, predominantly using ABS survey data.

21.45    Estimates of GMI are apportioned across states and territories by industry using ABS survey data.

21.46    Taxes less subsidies on production and imports relating to the state and local government sector are allocated directly to the state in which they are collected or paid. It is assumed that all production taxes collected by a particular state government are paid by entities resident in that state. Similarly, it is assumed that any subsidies paid by a state government are paid to resident entities of that state.

21.47    Commonwealth taxes and subsidies are allocated to state using a range of activity indicators such as household final consumption expenditure.