Gross Regional Domestic Product of Gorontalo Municipality by Expenditure 2017-2021

Gross Regional Domestic Product (GDP) is one of the economic data sets that can be used to evaluate the economic development performance of a region (province or district/city). This data set can also be used for other purposes and purposes, such as as a basis for developing economic models in order to formulate policies, accelerating the velocity of money (velocity of money), financial deepening (financial deepening), taxation, export studies and imports, and so on. According to macroeconomic theory, the calculation of GRDP can be done through three approaches, namely: the production/supply approach (GDP by business/Industry), the final expenditure/demand approach (GRDP by Expenditure/Expenditure) and the income approach (GRDP by Income/Income). . The three calculation approaches will theoretically produce the same GRDP figure.