Bureau of Economic Analysis. GDP - State: NAICS Codes 1997-Current: State Taxes on Production and Imports net of Subsidies | State: Florida, Pennsylvania | NAICS Code*: Health Care and Social Assistance, 1997 - 2012. Data-Planet™ Statistical Datasets by Conquest Systems, Inc. Dataset-ID: 003-002-007
Dataset: Taxes on imports and production (TOPI) consist of federal excise taxes and customs duties, state and local sales taxes, property taxes (including residential real estate taxes), motor vehicle licenses, severance taxes, and special assessments. TOPI does not include employer contributions for employee social insurance, which are included in employee compensation, nor does it include corporate income tax, because these taxes are not a cost of production. TOPI is presented in millions of current dollars by state and metropolitan statistical area (MSA), as defined by the Office of Management and Budget (OMB), for NAICS-classified industries. TOPI is reported here net of subsidies. Government subsidies to business increase profits before taxes, while not reflecting any production. Accounting for the value of production, therefore, requires that the value of subsidies be removed from gross product.
Reports the Gross Domestic Product of the United States by state and industry. The value represents an estimate of a state's output; it is the sum of value added from all industries in the state. GDP by state is the state counterpart to the nation's gross domestic product (GDP). This time series was formerly known as gross state product (GSP). The source data is collected from federal and state sources, and much of it is drawn from the economic census conducted every five years by the US Census Bureau. There is a discontinuity in the GDP by state time series at 1997, where the data change from Standard Industrial Classification (SIC) definitions to North American Industry Classification System (NAICS) industry definitions. This discontinuity results from many sources, including differences in source data and different estimation methodologies. In addition, the NAICS-based GDP by state estimates are consistent with US gross domestic product (GDP) while the SIC-based GDP by state estimates are consistent with US gross domestic income (GDI). This data discontinuity may affect both the levels and the growth rates of the GDP by state estimates. Users of the GDP by state estimates are strongly cautioned against appending the two data series in an attempt to constr...