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:
“A solitary traveller can sleep from state to state, from day to night, from day to day, in the long womb of its controlled interior. It is the cradle that never stops rocking after the lullaby is over. It is the biggest sleeping tablet in the world, and no one need ever swallow the pill, for it swallows them.”
—Lisa St. Aubin de Terán (b. 1953)
“An inexperienced heraldist resembles a medieval traveler who brings back from the East the faunal fantasies influenced by the domestic bestiary he possessed all along rather than by the results of direct zoological exploration.”
—Vladimir Nabokov (1899–1977)
“Everything that is beautiful and noble is the product of reason and calculation.”
—Charles Baudelaire (1821–1867)