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Brown explains new gross state product (GSP) estimates provided annually by the U.S. Bureau of Economic Analysis, including how they are derived and how trends differ across South Dakota, nearby states, and the nation. GSP is defined as the gross market value of goods and services attributable to labor and property in a state, analogous to national GDP, and it is broken down for 61 industries into four components: employee compensation, proprietors’ income, indirect business tax and nontax liability, and other mainly capital-related charges. Additional discussion introduces current versus constant-dollar uses.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/new-gross-state-product-estimates-by-ralph-jbrown-introduction/567740/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/new-gross-state-product-estimates-by-ralph-jbrown-introduction/567740.png","ImageObject",300,407,{"name":92,"@type":93},"Aran","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-17","2026-10-13",true,{"@type":102,"interactionType":103,"userInteractionCount":81},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What are the new gross state product (GSP) estimates, and who provides them?","Question",{"text":112,"@type":113},"They are annual estimates of gross state product by component and by industry. The U.S. Bureau of Economic Analysis of the Department of Commerce provides them.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How is GSP defined and what is it analogous to?",{"text":117,"@type":113},"GSP is the gross market value of goods and services attributable to labor and property located in a state. It is analogous to gross domestic product (GDP) at the national level.",{"name":119,"@type":110,"acceptedAnswer":120},"What components make up GSP for each industry?",{"text":121,"@type":113},"For each of the 61 industries, GSP is composed of four components: compensation of employees, proprietors' income, indirect business tax and nontax liability, and other mainly capital-related charges.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},567740,1792171851,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":81,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145},137455076865,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","SOUTH DAKOTABusiness ReviewMarch 1989Vol.XLVII,No.3  \nThe Bureau of Economic Analysis of the U.S.Depart-ment of Commerce now provides annual estimates of grossstate product(GSP)by component and by industry.I Theyears 1963-86 are currently available for each ofthe 50 statesand the District of Columbia.This article discusses theestimates,how they are derived,and trends of GSP forSouth Dakota,surrounding states and the nation.  \nGSP is the gross market value of goods and services at-tributable to labor and property located in a state.It isanalogous to gross domestic product (GDP)at the nationallevel²and is the most comprehensive measure of productionactivity by state.These estimates which are provided for 61industries are composed of four components for each in-dustry:(1)compensation of employees,(2)proprietors'in-come,(3)indirect business tax and nontax liability,and  \n(4)other,mainly capital-related charges.  \nPublished by Business Research Bureau,The University of South Dakota  \n\n| UNITED STATES  \u003Cbr>SOUTH DAKOTA   |  |  |  |\n| --- | --- | --- | --- |\n| General Indicatora  \u003Cbr>Personal Income(8 Mi1.)  \u003Cbr>Farm Prop.Income(8 Mil.)  \u003Cbr>Non-ag Employment(Thous.)  \u003Cbr>Unemployment Rate(%)  \u003Cbr>Totai Employment(Thous.)   | Latest  \u003Cbr>Quarter  \u003Cbr>-------  \u003Cbr>1988-3  \u003Cbr>1988-3  \u003Cbr>1988-4  \u003Cbr>1988-4  \u003Cbr>1988-4   | Year  \u003Cbr>Latest  \u003Cbr>Percent  \u003Cbr>Ago  \u003Cbr>Change  \u003Cbr>Quarter  \u003Cbr>8,526  \u003Cbr>8,649  \u003Cbr>-1.4  \u003Cbr>(63)  \u003Cbr>-109.9  \u003Cbr>636  \u003Cbr>262  \u003Cbr>258  \u003Cbr>1.6  \u003Cbr>4.4  \u003Cbr>-2.3  \u003Cbr>4.3  \u003Cbr>-1.2  \u003Cbr>340  \u003Cbr>336   | Year  \u003Cbr>Percent  \u003Cbr>Latest  \u003Cbr>Ago  \u003Cbr>Change  \u003Cbr>Quarter  \u003Cbr>3,785,589  \u003Cbr>4,074,838  \u003Cbr>7.6  \u003Cbr>33,369  \u003Cbr>28,447  \u003Cbr>-14.8  \u003Cbr>107,036  \u003Cbr>103,683  \u003Cbr>3.2  \u003Cbr>5.6  \u003Cbr>5.1  \u003Cbr>-8.9  \u003Cbr>113,795  \u003Cbr>116,181  \u003Cbr>2.1   |\n| Note     A11 L.s.  dat Beagonally adiusted except for the unemployment rate and total employment  \u003Cbr>For South Dakcota only peraonal income and farm proprietora’income are seasonally adjusted.   |  |  |  |\n\n# NEW GROSS STATE PRODUCT ESTIMATES\n\nBy Ralph J.Brown  \n# INTRODUCTION\n\nGSP product is available in both current and constantdollars.According to the Department of Commerce:  \nCurrent-dollar GSP estimates reflectchanges in the command over resourcesassociated with production and are par-ticularly useful for analyzing the differen-tial regional effects of large changes inrelative output prices,such as the changesin energy and agricultural prices in the1970's and 1980's.  \nContinued on page 4.  \nAbout the author:  \nRalph J.Brown,Ph.D.,is Professor of Economics at theSchool of Business,The University of South Dakota,Ver-million,South Dakota.  \n# TABLE OF CONTENTS\n\n\n| SOUTH DAKOTA BUSINESS REVIEW  \u003Cbr>Business Research Bureau  \u003Cbr>March 1989  \u003Cbr>Vol.XLVII,No.3  \u003Cbr>School of Business  \u003Cbr>The University of South Dakota  \u003Cbr>605-677-5287  \u003Cbr>D.E.Clement,Dean,School of Business  \u003Cbr>ADVISORY COUNCIL  \u003Cbr>BUSINESS RESEARCH BUREAU  \u003Cbr>Robert C.Atkins,John Morrell &Co.,Sioux Falls  \u003Cbr>Donald W.Lewis,Director  \u003Cbr>Al Bowden,SENCORE,Sioux Falls  \u003Cbr>Randall M.Stuefen,Associate Director  \u003Cbr>0.Robert Brancel,BankWest,Pierre  \u003Cbr>Nancy Nelson,Administrative Assistant  \u003Cbr>Donald E.Culhane,Culhane's Dairy,Mitchell  \u003Cbr>Bill Powell,Assistant Director,Information Systems  \u003Cbr>Tony Haan,Smith Equipment,Watertown  \u003Cbr>DeVee Dykstra,Director,State Data Center  \u003Cbr>Hollis Hurlbert,Kyburz-Carlson Construction Co.,Aberdeen  \u003Cbr>Nancy Kniffen,Statistical Clerk  \u003Cbr>Kenneth B.Jones,Yankton Drug Co.,Yankton  \u003Cbr>Ruby Plate,Senior Data Analyst  \u003Cbr>George Locke,Black Hills Power &Light Co.,Rapid City  \u003Cbr>Don Greenfield,Director,SBDC  \u003Cbr>Frank Owens,Sunshine Food Markets,Sioux Falls  \u003Cbr>David O'Hara,Area Director,SBDC  \u003Cbr>Jack Riordan,Mountain Company,Inc.,Keystone  \u003Cbr>Steve Tracy,Director,Procurement  \u003Cbr>Walter J.Schramm,Schramm Furniture,Winner  \u003Cbr>Dick Barta,Director,BIA Program  \u003Cbr>Frank E.Short,CPA,Rapid City  \u003Cbr>David Anderson,SrProgrammer Analyst  \u003Cbr>John R.Waltner,The Fi","cbCaisnc36sBsDqd","https://ap.wps.com/l/cbCaisnc36sBsDqd","pdf",3454759,13,"English","# NEW GROSS STATE PRODUCT ESTIMATES\n# INTRODUCTION\n# TABLE OF CONTENTS\n# TREND OF BUSINESS","[{\"question\":\"What are the new gross state product (GSP) estimates, and who provides them?\",\"answer\":\"They are annual estimates of gross state product by component and by industry. The U.S. Bureau of Economic Analysis of the Department of Commerce provides them.\"},{\"question\":\"How is GSP defined and what is it analogous to?\",\"answer\":\"GSP is the gross market value of goods and services attributable to labor and property located in a state. It is analogous to gross domestic product (GDP) at the national level.\"},{\"question\":\"What components make up GSP for each industry?\",\"answer\":\"For each of the 61 industries, GSP is composed of four components: compensation of employees, proprietors' income, indirect business tax and nontax liability, and other mainly capital-related charges.\"}]","NEW GROSS STATE PRODUCT ESTIMATES - By Ralph J.Brown - Introduction | PDF",1791867716,33]