Gross Regional Domestic Product of Lubuklinggau Municipality by Expenditure 2014-2018

Gross Regional Domestic Product (GRDP) is a set of economic data that can be used to evaluate the economic development performance of a region (provincial or district / city). This data set can also be used for other purposes and purposes, such as the basis for developing economic models in order to formulate policy formulations, the velocity of money (velocity of money), financial deepening, tax determination, export studies and import and so on. According to macroeconomic theory, the calculation of GRDP can be done through three approaches, namely: production / supply approach (GDP by Industry / Industry), final expenditure / demand approach (GDP according to Expenditure) and income approach (GDP by income) . All three approaches in calculation will theoretically produce the same GDP figures.