State: California Industry: Total Gross State Product Gross State Product (millions of current dollars)* 1977 229,468 1978 263,556 1979 295,112 1980 328,188 1981 368,508 1982 393,176 1983 426,033 1984 484,473 1985 529,380 1986 567,411 1987 624,643 1988 685,095 1989 743,472 1990 798,879 1991 814,743 1992 831,576 1993 847,879 1994 879,041 1995 925,931 1996 973,395 1997 1,045,254 1998 1,125,331 1999 1,213,355 2000 1,330,025 2001 1,359,265Definition: "Current-dollar GSP"
"Gross State Product (GSP) is the market value fo the goods and services produced by the labor and property located in a state. GSP for a state is derived as teh sum of the GSP originating in each industry in the state. Current-dollar GSP is not adjusted for inflation."
Too bad someone doesn't bring this up to Tom Sullivan. I'd like to see him do a show on it.
Amerigomag... can you shed any light? Would it be more appropriate to chose only certain funds?
The GSP numbers for 2002 won't be published until December 15, 2004, so the analysis is limited. Also, BEA also publishes something called "Chained-dollar GSP" which I did not use as I did not fully understand its derivation vs. the "Current dollar GSP" defined in my post above.
State
Fiscal Year Expenditures* % Exp to GSP**
1984-85 44,333,001 9.15%
1985-86 49,257,034 9.30%
1986-87 52,824,420 9.31%
1987-88 55,401,831 8.87%
1988-89 61,260,548 8.94%
1989-90 67,252,683 9.05%
1990-91 72,929,373 9.13%
1991-92 83,002,328 10.19%
1992-93 86,062,899 10.35%
1993-94 85,637,066 10.10%
1994-95 86,109,797 9.80%
1995-96 90,210,003 9.74%
1996-97 95,908,494 9.85%
1997-98 100,176,786 9.58%
1998-99 109,635,318 9.74%
1999-00 122,167,373 10.07%
2000-01 137,654,332 10.35%
2001-02 145,842,698 10.73%
2002-03 161,511,321
2003-04 165,850,388
2004-05 154,143,966
*Expenditures from Pivot Tables - "All Funds"
lao.ca.gov/LAOMenus/lao_menu_economics.aspx
**FY 1984-85 Expenditures / 1984 GSP (etc.)