Gross Regional Domestic Product of Jambi Province by Expenditures 2018-2022

Gross Regional Domestic Product (GRDP) 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 interests, such as as a basis for developing economic models in the framework of formulating policies, accelerating the rate of money supply (velocity of money), financial deepening, tax determination, export studies and import, and so on. According to macroeconomic theory, the calculation of GRDP can be carried out through three approaches, namely: the production/supply approach (GRDP according to business/industry), the final expenditure/demand approach (GRDP according to expenditures/expenditure) and the income approach (GRDP according to income/income). . The three calculation approaches in theory will produce the same GRDP figure.