Gross Regional Domestic Product of Rokan Hulu Regency by Expenditure 2015-2019

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 (provincial or district / city). This data set can also be used for other purposes and purposes, such as the basis for developing economic models in order to formulate policy formulations, velocity of money (velocity of money), financial sector deepening (finacial deepening), taxation, export studies and import and so on.

According to macroeconomic theory, the calculation of GRDP can be done through three approaches, namely: the production / supply approach (GRDP according to Industry / Industry), the final expenditure / demand approach (GRDP according to Expenditure / expenditure) and the income approach (GRDP according to income / income) . All three approaches in calculation will theoretically produce the same GRDP figures.

This publication specifically addresses the GRDP according to the final expenditure / demand approach. This approach is broken down into several components, namely: Household Consumption Expenditures, Consumption Expenditures of Non-Profit Institutions Serving Households, Government Consumption Expenditures, Investment (Gross Fixed Capital Formation and Changes in Inventory) and Net Exports. GRDP data in this publication and subsequent publications using the 2010 base year, and have already applied the concept of the System of National Accounts 2008 as recommended by the United Nations.