Gross Regional Domestic Product of Nabire Regency by Expenditure 2016-2020

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 regency / city). This data set can also be used for other purposes, such as the basis for developing economic models in order to formulate policy formulations, the velocity of money, financial sector deepening, taxation, export studies and import and so on. According to macroeconomic theory, the calculation of GRDP can be done through three approaches: the production / supply approach (GRDP by Industry), the final expenditure / demand approach (GRDP by Expenditure) and the income approach (GRDP by income). All three approaches in calculation will theoretically produce the same GRDP figures