State Domestic Product, or SDP, is the total value of goods and services produced during any

financial year A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many ...

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 Per capita income (PCI) or total income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population. Per capita i ...

. ''State'' here refers to a

country subdivision Administrative division, administrative unit,Article 3(1). country subdivision, administrative region, subnational entity, constituent state, as well as many similar terms, are generic names for geographical areas into which a particular, ind ...

, as in the states of the United States and the states of India. While

GDP Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is ofte ...

gives a good estimate of the entire nation's output, SDP provides more detailed economic details about subnational territories.

See also