Gross Regional Domestic Product of Gunung Mas Regency by Expenditure 2020–2024

Gross Regional Domestic Product (GRDP) is one of the economic data tools used to evaluate the performance of economic development of a region (province or district/city). This data tool can be used for other interests and purposes, such as as a basis for developing economic models in order to formulate policy, velocity of money, financial deepening, tax determination, export and import studies, and so on. According to macroeconomic theory, GRDP calculation can be done through three approaches, namely: the Production/Provision approach (GRDP by Industry), the Final Expenditure/Demand approach (GRDP by Expenditure) and the Income approach (GRDP by Income). The three calculation approaches will theoretically produce the same GRDP figure.