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

financial year A fiscal year (also known as a 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. La ...

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 average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. In many countries, per capita income is determined using regular population surveys, such ...

. ''State'' here refers to a country subdivision, as in the states of the United States and the

states of India State most commonly refers to: * State (polity), a centralized political organization that regulates law and society within a territory **Sovereign state, a sovereign polity in international law, commonly referred to as a country ** Nation state, ...

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

See also