Gross Regional Domestic Product of Bandar Lampung Municipality by Expenditure 2019-2023

Gross Regional Domestic Product (GRDP) is one of the economic data devices that used to evaluate the economic development performance of a region (province or district/city). This data device can also be used for other purposes, such as the basis for developing economic models in order to formulate policies, the level of velocity of money, financial deepening, tax determination, export and import studies and others According to macroeconomic theory, the calculation of GRDP can be done through three approaches, namely: production/provision approach (GRDP by Business Field/industry), expenditure/end demand approach (GRDP by Expenditure) and income approach (GRDP by income/income). The three calculation approaches will theoretically produce the same GRDP figures. This publication specifically discusses GRDP according to the expenditure/end demand approach. This approach is broken down into several components, namely: Household Consumption Expenditure, Consumption Expenditure of Non-Profit Institutions Serving Households, Government Consumption Expenditure, Investment (Gross Fixed Capital Formation and Inventory Changes), Foreign Exports, Foreign Imports, and Inter-Regional Net Exports (inter-regional exports minus inter-regional imports). The GRDP data in this publication and subsequent publications use the base year 2010, and have implemented the concept of System of National Accounts 2008 as recommended by the United Nations.