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

Gross Regional Domestic Product is one of the economic data tools that can be used to evaluate the performance of economic development in a region (province or district/city). This data tool can also be used for other purposes, such as as a basis for developing economic models in order to formulate policy formulations, the rate of acceleration of money circulation, financial deepening, tax determination, export and import studies 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 Expenditure, Government Consumption Expenditure, Investment (Gross Fixed Capital Formation and Changes in Inventory), and Net Exports. The GRDP data in this publication and subsequent publications have used the base year of 2010, and have implemented the concept of the System of National Accounts (SNA) 2008 as recommended by the United Nations.