State Domestic Product, or SDP, is the total value of goods and services produced during any financial year within the geographical boundaries of a state. Also called the state income, SDP is always calculated or estimated in monetary terms, and is instrumental in the evaluation of per capita income. State here refers to a country subdivision, as in the states of the United States and the states of India. While GDP gives a good estimate of the entire nation's output, SDP provides more detailed economic details about subnational territories.
Famous quotes containing the words state, domestic and/or product:
“In my dreams is a country where the State is the Church and the Church the people: three in one and one in three. It is a commonwealth in which work is play and play is life: three in one and one in three. It is a temple in which the priest is the worshiper and the worshiper the worshipped: three in one and one in three. It is a godhead in which all life is human and all humanity divine: three in one and one in three.”
—George Bernard Shaw (1856–1950)
“Foreign policy is really domestic policy with its hat on.”
—Hubert H. Humphrey (1911–1978)
“He was the product of an English public school and university. He was, moreover, a modern product of those seats of athletic exercise. He had little education and highly developed muscles—that is to say, he was no scholar, but essentially a gentleman.”
—H. Seton Merriman (1862–1903)