Gross Regional Domestic Product of Kalimantan Utara Province by Expenditures 2016-2020

Gross Regional Domestic Product (GRDP) is one of the economic data that can be used to evaluate the performance of economic development of a region (province and district/city). This data set also be used for other purposes, such as the basic for economic models improvement in order to formulate policy, velocity of money, the financial deepening, tax assessment, the study on export-import and so on. According to macroeconomic theory, estimation of GRDP can be done through three approaches, namely: production approach/supply side (GRDP by Industrial Origin/Industry), expenditure approach/final demand (GRDP by expenditure) and the income approach (GRDP by income). In theory, the three approaches of estimation will produce the same GRDP figures. This publication specifically addresses the GRDP by expenditure/final demand approach. This approach is specified into several components, namely: Household Consumption Expenditure, Government Consumption Expenditure, Investment (Gross Fixed Capital Formation and Change in Inventory), Foreign Export, Foreign Import, and Inter-Region Net Export (inter-regional exports minus inter-regional imports). GRDP data in this publication and subsequent publications using the base year of 2010, and already apply the concept of the System of National Accounts 2008 as recommended by the United Nations.