Gross Regional Domestic Product of Ternate Municipality by Expenditure 2019-2023

Gross Regional Domestic Product (GDP) is an economic data tool that can be used to evaluate economic development performance a region (province or district/city). This data set can also be used for other purposes and purposes, such as as a basis for development economic models in order to develop policy formulations, acceleration of money circulation (velocity of money), financial deepening, tax determination, export and import studies and so on.According to macroeconomic theory, the calculation of GDP can be done through three approaches, namely: the production/supply approach (GDP according to business fields/industry), the final expenditure/demand approach (GDP according to expenditure) and the income approach (GDP according to income/income) . In theory, these three calculation approaches will produce the same GDP figure.