Gross Regional Domestic Product of Palu Municipality by Expenditures 2019-2023

Gross Regional Domestic Product (GRDP) is an economic data tool that can be used to evaluate the economic development performance of a region. This data device can also be used for other purposes and purposes, such as a basis for developing economic models in order to formulate policies, accelerate the rate of money circulation (velocity of money), deepen the financial sector (financial deepening), determine taxes, study exports and imports and so on. This publication specifically discusses GRDP according to the final expenditure/demand approach. This approach is broken down into several components, namely: Household Consumption Expenditures, Consumption Expenditures of Non-Profit Institutions Serving Households, Government Consumption Expenditures, Investment (Gross Fixed Capital Formation and Changes in Inventory), Exports of Goods and Services, and Imports of Goods and Services. The GRDP data in this publication and subsequent publications uses the base year 2010, and has implemented the 2008 System of National Accounts concept as recommended by the United Nations.