Gross Regional Domestic Product of Lanny Jaya Regency by Industry 2020-2024

Gross Regional Domestic Product (GRDP) is one of the economic data tools that can be used to evaluate the performance of economic development of a region (province or district/city). This data tool can also be used for other interests and purposes, such as as a basis for developing economic models in order to formulate policy, velocity of money, financial deepening, tax determination, export and import studies, and so on. According to macroeconomic theory, GRDP calculation can be done through three approaches, namely: production/supply approach (GDP by Industry), final expenditure/demand approach (GDP by Expenditure) and income approach (GDP by income). The three calculation approaches will theoretically produce the same GDP figure