Gross Regional Domestic Product of Ternate Municipality by Expenditure 2020-2024

Gross Regional Domestic Product (GRDP) is an economic data instrument that can be used to evaluate the economic development performance of a region (province or district/city). This data instrument can also serve other purposes, such as being the basis for developing economic models for policy formulation, assessing the velocity of money, analyzing financial deepening, determining tax policies, conducting export and import studies, and more. According to macroeconomic theory, GRDP can be calculated using three approaches: the production/supply approach (GRDP by Industrial Origin), the expenditure/final demand approach (GRDP by Expenditure), and the income approach (GRDP by Income). Theoretically, all three approaches will yield the same GRDP value.