Gross Regional Domestic Product of Ternate Municipality by Expenditure 2018-2022

Gross Regional Domestic Product (GRDP) is one of the economic data sets that can be used to evaluate the performance of economic development a region (province or district/city). This data set can also be used for other interests and purposes, such as as a basis for development economic models in order to formulate policies, speed up the money supply (velocity of money), deepen the financial sector (financial deepening), determine taxes, study exports and imports and so on. According to macroeconomic theory, the calculation of GRDP can be carried out through three approaches, namely: the production/supply approach (GDP according to Business Field/industry), the final expenditure/demand approach (PDRB according to expenditure) and the income approach (GDP according to income/income). . The three calculation approaches in theory will produce the same GRDP figure.