Gross Regional Domestic Product of Tulang Bawang Regency by Expenditure 2019-2023

Gross Regional Domestic Product (GRDP) is an economic data set that can be used to evaluate the performance of economic development in a region (province and regency / municipality). This data set can also be used for other purposes, such as the basis for developing economic models in order to formulate policies, velocity of money, financial deepening, tax determination, export studies and imports and so on. According to macroeconomic theory, the calculation of GRDP can be done through three approaches, namely: the production / supply approach (GRDP according to business / industry), the final expenditure / demand approach (GRDP according to expenditure) and the income approach (GRDP according to income). The three calculation approaches will theoretically produce the same GRDP figure. This publication deals specifically with GRDP according to the final expenditure / demand approach. This approach is broken down into several components, namely: Household Consumption Expenditures, Consumption Expenditures for Non-Profit Institutions Serving Households, Government Consumption Expenditures, Investment (Gross Fixed Capital Formation and Inventory Changes), Foreign Exports, Foreign Imports, and Net Exports. Between Regions (exports between regions reduced by imports between regions). The GRDP data in this publication and subsequent publications use the 2010 base year, and have applied the concept of the 2008 System of National Accounts as recommended by the United Nations.