Gross Domestic Regional Product of Bandung Municipality by Expenditure 2019-2023

Gross Regional Domestic Product (GRDP) is one of the economic data tools that can be used to evaluate the economic development performance of a region (province or district / city). This data tool can also be used for other purposes and purposes, such as as the basis for developing economic models in order to formulate policy formulations, velocity of money, financial sector deepening, tax determination, export and import studies and so on.
This publication specifically discusses GDP according to the final expenditure/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 Change), Foreign Exports, Foreign Imports, and Interregional Net Exports(inter-regional exports are reduced by inter-regional imports). The GRDP data in this publication and subsequent publications use the 2010 base year, and have applied the concept of the 2008 System of National Accounts as recommended by the United Nations.